Fiscal Policy and Interest Rates : How Sustainable Is The 'New Economy'? /

This paper explores the determinants of long-term government bond yields in the Group of Seven (G-7) economies and analyzes the factors that could explain the conundrum of very low rates in the face of a variety of adverse factors in recent years. In particular, the paper focuses on the deterioratin...

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Bibliographic Details
Main Author: Kumar, Manmohan
Other Authors: Hauner, David
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/112
Online Access:Full text available on IMF