Monetary Policy and Long-Term Real Rates

By Servaas Houben. 2015

529 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/1c618575493ee39a9fca18060c001182512c7413

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Citations in the corpus

Identification in Macroeconomics (2017, result): “Hanson and Stein (2015) present similar empirical results.”
Mortgage Design in an Equilibrium Model of the Housing Market (2018, unknown): “See, for example, Hanson and Stein (2015).”
When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response (2020, unknown): “8 See also Hanson and Stein (2015) and Greenwood, Hanson, and Stein (2016).”
A Tale of Two Decades: The Ecb's Monetary Policy at 20 (2019, background): “, 2005) – and the inflation-adjusted term premium – because they influence the investment habits of important market participants (Hanson and Stein, 2015).”
The I Theory of Money (2016, unknown): “As in Samuelson (1958) and Bewley (1980), money is essential in our model in the sense of Hahn (1973).”
High Frequency Identification of Monetary Non-Neutrality: The Information Effect (2018, unknown): “It has been common in the literature on high-frequency identification of monetary policy to consider a one- or two-day window around FOMC announcements (e.g., Kuttner 2001; Cochrane and Piazzesi 2002; Hanson and Stein 2015).”
Catering to Investors Through Security Design: Headline Rate and Complexity (2017, background): “First, our paper contributes to the literature on reaching for yield (Rajan, 2011; Yellen, 2011; Becker and Ivashina, 2015; Hanson and Stein, 2015) and issuers catering to investors (Baker et al.”
Monetary Policy Surprises, Credit Costs, and Economic Activity † (2014, methodology): “Our conceptually preferred indicator is the two year government bond rate based on arguments by Swanson and Williams (forthcoming) and Hanson and Stein (2012) and others who argue the Federal Reserve’s forward guidance strategy operates with a roughly two year horizon. That is, the central bank’s fo”
A capital structure channel of monetary policy (2018, unknown): “2 asset prices (e.g. Vayanos and Vila, 2009; Hanson and Stein, 2015; Krishnamurthy and VissingJorgensen, 2011, 2013), we hypothesize that direct corporate bond purchases by central banks decrease corporate bond yields.”
Monetary Policy Uncertainty and the Market Reaction to Macroeconomic News: Evidence from the Taper Tantrum (2016, unknown): “”1 In response, the two- and five-year nominal forward yields fell by five basis points and 14 basis points, respectively (Hanson and Stein, 2015).”
Overheating in Credit Markets: Origins, Measurement, and Policy Responses (2013, background): “13 See Kaplan and Stein (1993).”