“Whatever it takes” to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects
This paper investigates the role of unconventional monetary policy as a source of timevariation in the relationship between sovereign bond yield spreads and their fundamental determinants. We use a two-step empirical approach. First, we apply a time-varying parameter panel modelling framework to det...
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| Other Authors: | , , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/15969 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/15969 |