Abstract In 2004 and 2005, long-term interest rates remained remarkably low despite
improving economic conditions and rising short-term interest rates, a situation that former …

Foreign official holdings of US Treasuries increased from 400billioninJanuary1994toabout 3
trillion in June 2010. Most of this growth is accounted for by a handful of emerging market …

This article explores a natural connection between fiscal multipliers and foreign holdings of
public debt. Although fiscal expansions can raise domestic economic activity through …

This study examines foreign investors' impact on the domestic government bond market's
yield and volatility by employing a pooled mean group (PMG) approach. The study uses the …

A handy reference to understanding key economic indicators and acting on them New
economic data are reported virtually every trading day. Investors, big and small, have to …

This paper constructs a survey‐based measure capturing the evolution of market's
expectations of the Federal Reserve's Large‐Scale Asset Purchases (LSAP) program during …

Although the federal funds rate started rising from mid-2004 US long term rates continued to
fall. A likely contributory factor to this 'conundrum'was the contemporaneous increase in US …

In June of 2004 the Fed began relentlessly tightening policy. They raised the Federal Funds
Target (Target) from 1% to 5 1/4% in 1/4% increments at seventeen consecutive meetings …

With the rise of China, India and the re-emergence of East Asia from the financial crisis of
1997–98, monetary issues in Asia have acquired great significance as the region holds the …

We analyse if and to what extent fundamental macroeconomic factors, temporary influences
or more structural factors have contributed to the low levels of US bond yields over the last …