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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''...
Persistent link: https://www.econbiz.de/10014398319
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'...
Persistent link: https://www.econbiz.de/10013120770
Persistent link: https://www.econbiz.de/10009423220
Persistent link: https://www.econbiz.de/10003427011
Persistent link: https://www.econbiz.de/10011744016
This paper analyzes the degree to which volatility in interbank interest rates leads to volatility in financial instruments with longer maturities (e.g., T-bills) in Kenya since 2012, year in which the monetary policy framework switched to a forward-looking approach, relative to seven other...
Persistent link: https://www.econbiz.de/10012977834