The yield curve in information under unconventional monetary policies

dc.creator	Ceballos,Luis
dc.creator	Romero,Damián
dc.date	2015-10-01
dc.date.accessioned	2019-05-03T14:02:40Z
dc.date.available	2019-05-03T14:02:40Z
dc.identifier	https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200001
dc.identifier.uri	http://revistaschilenas.uchile.cl/handle/2250/89571
dc.description	This paper attempts to address the question of how unconventional monetary policies affected the market expectations regards the expected path of the monetary policy rate and economic growth in countries where some kind of unconventional monetary policies were applied. The approach used is to compare the implicit expectations in the yield curve with market surveys (for the expected path pf monetary policy rate) and econometric models (for economic growth) and evaluate the accuracy of each forecast at different horizons. We conclude that in the period where unconventional monetary policies were applied, the yield curve provided relevant additional information to forecast the monetary policy rate and economic growth, especially in developed economies.
dc.format	text/html
dc.language	en
dc.publisher	ILADES. Universidad Alberto Hurtado.
dc.relation	10.4067/S0718-88702015000200001
dc.rights	info:eu-repo/semantics/openAccess
dc.source	Revista de análisis económico v.30 n.2 2015
dc.subject	Yield curve
dc.subject	unconventional monetary policies
dc.subject	economic forecasting
dc.title	The yield curve in information under unconventional monetary policies