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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/1822

Title: Long-term government bond yelds and economic forecast : evidence for the EU
Authors: Afonso, António
Keywords: Interest rates
Macro forecasts
European Union
Issue Date: 2009
Publisher: ISEG - Departamento de Economia
Citation: Afonso, António. 2009. "Long-term government bond yelds and economic forecast : evidence for the EU". Instituto Superior de Economia e Gestão – ISEG/DE working papers nº 38-2009/DE/UECE.
Series/Report no.: Working papers; 38/2009/DE/UECE
Abstract: I use a panel of semi-annual vintages of growth and fiscal forecasts of the European Commission, covering the period 1998:II-2008:II, to assess its effects on 10-year government yields for 14 EU countries. Results show that yields increase with better growth forecasts, and with decreases in budget balance-to-GDP ratios, signalling that sovereigns may need to pay more to finance in the market higher budget deficits.
URI: http://hdl.handle.net/10400.5/1822
ISSN: 0874-4548
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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