Fiscal Deficits, Public Debt, and Sovereign Bond Yields /

The recent sharp increase in fiscal deficits and government debt in many countries raises questions regarding their impact on long-term sovereign bond yields. While economic theory suggests that this impact is likely to be adverse, empirical results have been less clear cut, have generally ignored n...

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Bibliographic Details
Main Author: Kumar, Manmohan
Other Authors: Baldacci, Emanuele
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/184
Online Access:Full text available on IMF