Sinha, Arunima - In: Journal of Economic Dynamics and Control 53 (2015) C, pp. 268-289
Does a change in the public׳s holdings of government debt affect the term structure of interest rates? Empirical analysis using a VAR model indicates that a rise in these holdings of the real debt-to-GDP ratio increases both the three-month and ten-year U.S. nominal yields in a statistically...