E44 - Financial Markets and the Macroeconomy

• Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization

  Staff Working Paper 2004-23 Denise Côté, Christopher Graham

  Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries.

  Content Type(s): Staff research, Staff working papers Topic(s): Interest rates, International topics JEL Code(s): C, C2, C23, E, E4, E43, E44, F, F3, F36

• Financial Conditions Indexes for Canada

  Staff Working Paper 2004-22 Céline Gauthier, Christopher Graham, Ying Liu

  The authors construct three financial conditions indexes (FCIs) for Canada based on three approaches: an IS-curve-based model, generalized impulse-response functions, and factor analysis.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary and financial indicators, Monetary conditions index JEL Code(s): E, E4, E44, E5, E52