Spillovers of U.S. Fiscal Challenges: The Global Impact of U.S. Fiscal Dominance Concerns on Interest Rates in Emerging and Developed Markets

This study examines the international spillovers of U.S. inflationary spells and fiscal concerns on policy interest rates in Emerging Market Economies (EMEs) and Developed Economies (DEs). Previous research has focused on fiscal concerns in domestic environments, overlooking cross-border impacts.