Does Fiscal Policy Affect Interest Rates? : Evidence from a Factor-Augmented Panel /

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset of macroeconomic and fiscal variables for a panel of OECD countries for the period 198...

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Bibliographic Details
Main Author: Dell'Erba, Salvatore
Other Authors: Sola, Sergio
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/159
Online Access:Full text available on IMF