Fiscal policy and interest rates : how sustainable is the "new economy"? / prepared by David Hauner and Manmohan S. Kumar.

This paper explores the determinants of long-term government bond yields in the Group of Seven (G-7) economies and analyzes the factors that could explain the conundrum of very low rates in the face of a variety of adverse factors in recent years. In particular, the paper focuses on the deterioratin...

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Bibliographic Details
Main Authors: Hauner, David (Author), Kumar, Manmohan S. (Author)
Format: Electronic
Language:English
Published: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series:IMF working paper ; WP/06/112.
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