How Important are Debt and Growth Expectations for Interest Rates? /
This paper uses a dataset on private-sector risk aversion as well as expectations of long-run growth and debt to explain trends in implied forward rates on government bonds in the G-7 countries. The results show, consistent with the literature, that a one-percent rise in the long-run projected debt-...
| Tác giả chính: | |
|---|---|
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2015/094 |
| Truy cập trực tuyến: | Full text available on IMF |