bondeconomics.com
Bond Economics: Primer: Par And Zero Coupon Yield Curves
http://www.bondeconomics.com/2015/05/primer-par-and-zero-coupon-yield-curves.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Sunday, May 17, 2015. Primer: Par And Zero Coupon Yield Curves. Par and zero coupon curves are two common ways of specifying a yield curve. Par coupon yields are quite often encountered in economic analysis of bond yields, such as the Fed H.15 yield series. Zero coupon curves are a building block for interest rate pricers, but they are less commonly encountered away from such uses. DF(t) = 1/(1 r) t,. Older tex...
bondeconomics.com
Bond Economics: Theme: MMT and SFC Models
http://www.bondeconomics.com/2013/07/theme-mmt-and-sfc-models.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Monday, July 22, 2013. Theme: MMT and SFC Models. This article is a list of my non-time sensitive articles on Modern Monetary Theory (MMT) and Stock-Flow Consistent models. Modern Monetary Theory is an offshoot of Stock-Flow Consistent modelling, so the distinction between them is somewhat arbitrary. I categorise my articles that are more focused on monetary operations as being MMT. Monetary Economics: An Integ...
bondeconomics.com
Bond Economics: Fixed Income Database Expert List (And Bund-ageddon!)
http://www.bondeconomics.com/2015/05/i-was-pleased-to-see-that-i-was.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Thursday, May 7, 2015. Fixed Income Database Expert List (And Bund-ageddon! I was pleased to see that I was included in the list of " 10 Fixed Income Experts Worth Following. By Michael Johnston, published by Fixed Income Database. I believe that a few weeks ago, there was popular research that was looking at negative yields across the euro zone, and how the ECB Quantitative Easing (QE) bonds purchases were goi...
bondeconomics.com
Bond Economics: Guest Post At RWER On DSGE Models
http://www.bondeconomics.com/2015/05/guest-post-at-rwer-on-dsge-models.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Wednesday, May 20, 2015. Guest Post At RWER On DSGE Models. Thanks to Merijn Knibbe, I have the article " DSGE macro models criticism, a round up. Part 5, the intertemporal government budget constraint. Posted on the Real-World Economics Review Blog. It gives an overview about my complaints about the mathematical framework for fiscal policy within DSGE macro models. ( A round up of my articles here. Jobless cla...
bondeconomics.com
Bond Economics: Announcing The eReport: Understanding Government Finance
http://www.bondeconomics.com/2015/05/ereport-understanding-government-finance.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Wednesday, May 20, 2015. Announcing The eReport: Understanding Government Finance. The first BondEconomics eReport: "Understanding Government Finance". Is expected to be released for sale in mid-June. Has been released; details available at its product page. Mid-June 2015. (Depends upon final edits, and time for acceptance by retailers.). Around 30,000 words, 15 figures. MOBI (Kindle) ISBN 978-0-9947480-1-0.
bondeconomics.com
Bond Economics: Introduction To The Frequency Domain With R
http://www.bondeconomics.com/2015/05/introduction-to-frequency-domain-with-r.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Wednesday, May 6, 2015. Introduction To The Frequency Domain With R. What Is The Frequency Domain? The figure above gives the high level view of how the frequency domain is related to the the usual time domain representation of a series. A Fourier Transform converts a time domain series into a frequency domain representation. Transform). Within this article, I will use the Fast Fourier Transform, the "FFT",...
bondeconomics.com
Bond Economics: No Acceleration In U.S. Growth (Again)
http://www.bondeconomics.com/2015/05/no-acceleration-in-us-growth-again.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Sunday, May 10, 2015. No Acceleration In U.S. Growth (Again). I realise that hawks try to excuse this poor performance because of demographics, but the static analysis typically used to justify this theory does not take into account that older people are actually clinging to their jobs later in life, given the thrashing of their net worth and pensions. Canada Labour Market Data Miserable (Again). Brexit, econom...
bondeconomics.com
Bond Economics: Is 100% Reserve Banking Feasible?
http://www.bondeconomics.com/2015/05/is-100-reserve-banking-feasible.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Wednesday, May 13, 2015. Is 100% Reserve Banking Feasible? A high level summary of the key points of a 100% reserve banking system is:. The banking system is broken into two components, the safe part that takes deposits (which is "bank money"), and the other component which undertakes lending to the private sector. The lending component cannot take deposits, lending is either funded with term deposits or equity.
bondeconomics.com
Bond Economics: About/Disclaimer
http://www.bondeconomics.com/p/about.html
Brian Romanchuk's commentary and books on bond market economics. Latest: Interest Rate Cycles. Latest books from BondEconomics.com are found here. Disclaimer, privacy policy and affiliate information are given below. I have developed this blog to share my ideas on what's happening in the world of fixed income analysis, and hopefully learn from you readers. In addition to publishing this web site, I act as a consultant. I am also on the Advisory Board of the Global Investment Strategy Institute ( link.