A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

Academic journals

Publication Date

01/11/2025

American Economic Review

Publication Authors

Pierre-Olivier Gourinchas

Walker Ray

Gourinchas, Pierre-Olivier, Walker Ray, and Dimitri Vayanos (2025). A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers. American Economic Review, 115 (11), 3788–3824.

doi: 10.1257/aer.20220379