[도시연구][경제] Term premium dynamics and its determinants: the Mexican case
작성자 : 라키스 |
작성일 : 2022-06-17 14:24:27 |
조회수 : 360 |
국가 : 멕시코 | 언어 : 영어 |
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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.
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