Grimm, Veronika; Nöh, Lukas; Wieland, Volker - In: International Finance 26 (2023) 3, pp. 286-303
in yield curves by one or two percentage points. They indicate major medium‐term risks for highly indebted member states … drastically with the surge in inflation and government bond rates. Assuming that bond rates remain at the levels implied by yield … curves from December 2022, interest expenditure rises substantially. We also examined scenarios with a further upward shift …