Public Debt in Advanced Economies and its Spillover Effectson Long-Term Yields

Public Debt in Advanced Economies and its Spillover Effectson Long-Term Yields
Several models establish a positive association between public debt ratios and long-term real yields, but the empirical evidence is not always conclusive. We reconsider this issue, focusing in particular on possible spillover effects of large advanced economies'' debt levels to other economies'' borrowing yields, especially in emerging markets.... READ MORE...

Publication date: August 2011
ISBN 9781463902209
$18.00

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