Recent and Prospective Trends in Real Long‑Term Interest Rates: Fiscal Policy and other Drivers
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper documents some features of recent trends in bond yields and discusses the drivers of these trends. This includes a discussion of the relationship between fiscal balances and interest rates -- with a summary of key empirical results from the literature provided in the Appendix. The main points to emerge from this analysis are as follows....
