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연구정보
[경제] Term premium dynamics and its determinants: the Mexican case
멕시코 국외연구자료 연구보고서 - BIS 발간일 : 2022-01-24 등록일 : 2022-02-09 원문링크
Term premia are an important component of long-term interest rates and have become more relevant with unconventional monetary policies. Since households' and businesses' savings and spending decisions can be influenced by such rates, the study of the dynamics of long-term interest rates and term premia is relevant for central banks and financial policymakers. Longer-term rates can be expressed as the sum of the average of the current short-term interest rate and its expectations for the long term. Central banks can influence the short-term interest rate through monetary policy actions and its expectations through their communication strategy.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
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