میزان اسپرد بازده اوراق قرضه و تمایلات بازار و انتظارات: شواهد تجربی از کشورهای منطقه یورو

Results show that the behavioral indicators considered, proxies of consumer and market sentiment and expectations, strongly affect spreads behavior, especially during the crisis. Specific attention is also paid to check the robustness of the estimated effects of behavioral indicators and to assess the impact of global financial crisis on the determinants of government bond rate differentials.