Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

Learn how economic equilibrium balances market forces, the different types of equilibrium, and its applications in real-world ...

Therefore, one would expect macroeconomic variables and modeling exercises to be quite informative in explaining and forecasting the yield-curve movements. However, until very recently, standard ...

Following the emergence of money velocity accelerators (CDOs and CPDOs), we have been insisting ad nauseam about the importance of credit as a macroeconomic variable, as in the spirit of the Financial ...

Abstract. This study investigates the cross-sectional variation in equity real estate investment trusts (EREITs) returns. A pooled cross-sectional, time-series approach is used as an alternative to ...

Investors’ demand for safe assets tends to increase when there’s more uncertainty, as in recessions. Consistent with this idea, short-term movements in the natural rate of interest, or r-star, are ...

This paper investigates the relation between housing starts and macroeconomic variables in Turkey from 1961 to 2000. The generalized variance decomposition approach is used to examine relations ...

In this speech, I will lay out a path to modeling macrofinancial dynamics using a recent approach that I have worked on, and illustrate the usefulness of this avenue with a term structure application.

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing ...