cam a22 2 b4500 530150220 CHVBK 20201027044843.0 m d cr |n |||||||| 130723e20110801dcu s|||| 0 |eng|d 978-1-4639-0220-9 1-4639-0220-4 (Trade Paper) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001178953 (WaSeSS)ssj0001178953 BIP US WaSeSS International Monetary Fund Author Public Debt in Advanced Economies and Its Spillover Effects on Long-Term Yields [Elektronische Daten] Washington International Monetary Fund Aug. 2011 1 online resource (50 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation 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' borrowing yields, especially in emerging markets. We extend the existing literature by using real time expectations of fiscal and other macroeconomic variables for a large sample of advanced and emerging economies. We show that an increase in the public debt levels of large advanced economies - especially the United States - spills over to both emerging markets and other advanced economies' long-term real yields and that this effect is significant at the current levels of advanced economies' debt ratios. http://elibrary.imf.org/view/IMF001/12156-9781463902209/12156-9781463902209/12156-9781463902209.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 110 2- International Monetary Fund Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/12156-9781463902209/12156-9781463902209/12156-9781463902209.xml Volltext frei zugänglich