Long-run and short-run determinants of sovereign bond yields in advanced economies
نویسندگان
چکیده
منابع مشابه
Long-run and short-run determinants of sovereign bond yields in advanced economies
We analyze determinants of sovereign bond yields in 22 advanced economies over the 1980–2010 period using panel cointegration techniques. The application of the cointegration methodology allows distinguishing between long-run (debt-to-GDP ratio, potential growth) and short-run (inflation, short-term interest rates, etc.) determinants of sovereign borrowing costs. We find that in the long run, g...
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ژورنال
عنوان ژورنال: Economic Systems
سال: 2014
ISSN: 0939-3625
DOI: 10.1016/j.ecosys.2013.07.008