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Bonds Transaction Services and the Term Structure of Interest Rates : Implications for Equilibrium Determinacy

Marzo, Massimiliano - 2012

We introduce two bonds in a standard New-Keynesian model to study the role of segmentation in bond markets for the determinacy of rational expectations equilibria. We use a strongly-separable utility function to model short-term bonds providing transaction services for the purchase of...

Persistent link: https://www.econbiz.de/10013108464

A continuous-time model of the term structure of interest rates with fiscal-monetary policy interactions

Marzo, Massimiliano (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003762667

The comovements along the term structure of oil forwards in periods of high and low volatility : how tight are they?

Marzo, Massimiliano; Zagaglia, Paolo - 2009

Persistent link: https://www.econbiz.de/10003793443

A continious-time model of the term structure of interest rates with fiscal-monetary policy interactions

Marzo, Massimiliano (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003739095

Bonds transaction services and the term structure of interest rates : implications for equilibrium determinacy

Marzo, Massimiliano; Zagaglia, Paolo - 2012 - This version: March 23, 2012

Persistent link: https://www.econbiz.de/10011731614

Equilibrium selection in a cashless economy with transaction frictions in the bond market

Marzo, Massimiliano; Zagaglia, Paolo - 2011 - This version: June 5, 2011

The present paper introduces two bonds in a standard New-Keynesian model to study the role of segmentation in bond markets for the determinacy of rational expectations equilibria. We use a strongly-separable utility function to model 'liquid' bonds that provide transaction services for the...

Persistent link: https://www.econbiz.de/10011735058