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Heterogeneous effects of unconventional monetary policy on bond yields across the euro area

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Figure

Table 1: Change in 10-year Sovereign Yields Summary Statistics
Table 2: Factors Estimated: Total Variation Explained, 0.70 mR 2 (1) 0.451 mR 2 (2) 0.191 mR 2 (3) 0.050 gb6y Fra 0.815 gb5y Ita 0.592 gb4y Por 0.646 gb7y Fra 0.810 gb4y Ita 0.585 gb6y Por 0.615 gb8y Fra 0.794 gb8y Ita 0.584 gb5y Por 0.614 gb9y Fra 0.782 g
Figure 1: ECB Balance Sheet
Figure 3: Model Fit and R 2
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