http://www.bis.org/cbhub/list/author/author_8190/index.rss Research hub papers by author Michael D. Bauer en http://www.frbsf.org/publications/economics/papers/2012/wp12-12bk.pdf San Francisco Fed Working Papers by Bauer, Neely International Channels of the Fed's Unconventional Monetary Policy 2012-09-07T11:50:00Z Previous research has established that the Federal Reserve large scale asset purchases significantly influenced international bond yields. This paper analyzes the channels through which these effects occurred. Models that impose a unit root tend to imply large signaling effects for Australia, Canada, Germany, and the United States. Models that do not restrict persistence imply negligible signaling effects for any country. International Channels of the Fed's Unconventional Monetary Policy 2012-09-07T11:50:00Z Full text http://www.frbsf.org/publications/economics/papers/2012/wp12-12bk.pdf Christopher J. Neely Michael D. Bauer Bauer, Neely 2012-09-05 San Francisco Fed Working Papers http://www.frbsf.org/publications/economics/papers/2011/wp11-12bk.pdf San Francisco Fed Working Papers by Bauer, Rudebusch, Wu Unbiased Estimate of Dynamic Term Structure Models 2011-04-09T06:23:00Z We introduce new simulation-based methods for reducing or even eliminating small-sample bias in empirical affine Gaussian dynamic term structure models. With these methods, we show that conventional estimates of DTSM coefficients are severely biased, which results in misleading estimates of expected future short-term interest rates and long-maturity term premia. Our unbiased DTSM estimates imply risk-neutral rates and term premia that are more plausible from a macro-finance perspective. Unbiased Estimate of Dynamic Term Structure Models 2011-04-09T06:23:00Z Full text http://www.frbsf.org/publications/economics/papers/2011/wp11-12bk.pdf Glenn D. Rudebusch Jing (Cynthia) Wu Michael D. Bauer Bauer, Rudebusch, Wu 2011-04-07 San Francisco Fed Working Papers