US-Ger
12
10
8
EE
US/GE ρ0,k
00 1 2 3 4 5
years
US-UK
US-Japan
8
6
4
8
6
c 4
BIG
4
2
0
-2
-4
4
2
O
O
US/JP ρ0,k
20 1 2 3 4 5
years
US/JP ρ0,k
Eich.-Evans
-4
-60 1 2 3 4 5
years
US/UK ρtlk
3
2
1
O
-1
-2
-3
0 1 2 3 4 5
years
Figure 9: Impulse responses for the forward discount premium ρk , conditional
on a US monetary policy contraction.
EE
BIG
Eich.-Evans
US-Ger
US/GE SR
US-UK
US/UK SR
V
0 12 3 4
years
US-Japan
Figure 10: Impulse responses for the Sharpe ratio of a Bayesian investor,
conditional on a US monetary policy contraction.
43
More intriguing information
1. A Pure Test for the Elasticity of Yield Spreads2. Second Order Filter Distribution Approximations for Financial Time Series with Extreme Outlier
3. LABOR POLICY AND THE OVER-ALL ECONOMY
4. Voting by Committees under Constraints
5. Altruism and fairness in a public pension system
6. Kharaj and land proprietary right in the sixteenth century: An example of law and economics
7. The Provisions on Geographical Indications in the TRIPS Agreement
8. The name is absent
9. The name is absent
10. Public infrastructure capital, scale economies and returns to variety