{"product_id":"the-yield-curve-and-financial-risk-premia-von-felix-geiger","title":"The Yield Curve and Financial Risk Premia","description":"The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book’s approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783642215742\"\u003e\u003ch3\u003eImplications for Monetary Policy\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783642215742","offer_id":40570928824413,"sku":"9783642215742","price":106.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/7e3c2fde-2187-4d68-8568-03ff2fa98769.jpg?v=1773468769","url":"https:\/\/shop.autorenwelt.de\/products\/the-yield-curve-and-financial-risk-premia-von-felix-geiger","provider":"Autorenwelt Shop","version":"1.0","type":"link"}