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Do term premiums matter? Transmission via exchange rate dynamics

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by Mitsuru Katagiri and Koji Takahashi
Using a small open economy model with long-term bonds, we ask whether term premia affect the inflation rate and the economy via the exchange rate.

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Do term premiums matter? Transmission via exchange rate dynamics

by Mitsuru Katagiri and Koji TakahashiUsing a small open economy model with long-term bonds, we ask whether term premia affect the inflation rate and