How Long to Read Global Factors in the Term Structure of Interest Rates

How Long Does it Take to Read Global Factors in the Term Structure of Interest Rates?

It takes the average reader and 41 minutes to read Global Factors in the Term Structure of Interest Rates by Mirko Abbritti

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper introduces global factors within a FAVAR framework in an empirical affine term structure model. We apply our method to a panel of international yield curves and show that global factors account for more than 80 percent of term premia in advanced economies. In particular they tend to explain long-term dynamics in yield curves, as opposed to domestic factors which are instead more relevant to short-run movements. We uncover the key role for global curvature in shaping term premia dynamics. We show that this novel factor precedes global economic and financial instability. In particular, it coincides with immediate expectations of permanent expansionary monetary policy during the recent crisis.

How long is Global Factors in the Term Structure of Interest Rates?

Global Factors in the Term Structure of Interest Rates by Mirko Abbritti is 41 pages long, and a total of 10,291 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Global Factors in the Term Structure of Interest Rates Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read Global Factors in the Term Structure of Interest Rates aloud.

What Reading Level is Global Factors in the Term Structure of Interest Rates?

Global Factors in the Term Structure of Interest Rates is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Global Factors in the Term Structure of Interest Rates?

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