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Monetary Policy and the Term structure of Interest Rates in Japan

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Anton Braun y Etsuro Shioji realizan una investigación con el fin de analizar la relación que existe entre las políticas monetarias y los movimientos de la curva de rendimiento japonesa, contrastando dos perspectivas: la hipótesis del efecto liquidez y la hipótesis de precios rígidos. Específicamente, se analizan la efectividad y persistencia de las políticas monetarias que se toman, en cada una de las perspectivas propuestas, sobre los rendimientos de los bonos de largo plazo así como en la varianza de los rendimientos de los bonos de cualquier duración.
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