Series: IMF Working Papers
Author(s): Ales Bulir , and Jan Vlcek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 November 2015
Keywords: Monetary transmission, yield curve, interest, inflation, market, Monetary Policy (Targets, Instruments, and Effects), Asset Pricing, All Countries,
We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on government paper in a sample of emerging market and low-i...