Swiss Economicblogs.org
Between November 8 and 9, medium and long-term US Treasury Yield Curve rates increased substantially: Date1 Mo3 Mo6 Mo1 Yr2 Yr3 Yr5 Yr7 Yr10 Yr20 Yr30 Yr 11/01/160.240.350.500.650.830.991.301.611.832.242.58 11/02/160.240.370.510.640.810.981.261.571.812.222.56 11/03/160.240.380.520.640.810.981.261.581.822.252.60 11/04/160.250.380.520.620.800.951.241.551.792.222.56 11/07/160.280.410.540.630.820.991.291.601.832.262.60 11/08/160.280.430.560.710.871.041.341.651.882.292.63...
Read More »Redistribution From Unexpected Deflation in the Euro Area
In the JEEA 14(4) (August 2016) Klaus Adam and Junyi Zhu argue that unexpected price-level movements generate sizable wealth redistribution in the Euro Area (EA) … The EA as a whole is a net loser of unexpected price-level decreases, with Italy, Greece, Portugal, and Spain losing most in per capita terms, and Belgium and Malta being net winners. Governments are net losers of deflation, while the household (HH) sector is a net winner … HHs in Belgium, Ireland, Malta, and Germany experience...
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