We study the term structure of Brazilian sovereign bond yield spreads and their links with the domestic economy using a macro-finance framework. Our model allows Brazilian macroeconomic variables as well as a latent country risk factor to affect sovereign spreads. We find that although the...

The effect of information and communications technology (ICT) and other investment on the UK's GDP potential is analysed and tests of the standard assumptions are provided. It is found that, in the absence of hedonic price series for the UK ICT sector, it is acceptable to use surrogates based on...