Measuring, analyzing and understanding systemic risk in financial system have become
very important in the light of the recent global crisis. In this study, we follow Holló, Kremer …

US government indebtedness and fiscal deficits increased notably following the Global
Financial Crisis. Yet long-term interest rates and US Treasury yields have remained …

This paper undertakes an empirical inquiry concerning the determinants of the long-term
interest rate on US Treasury securities. It applies the bounds testing procedure to …

This dissertation investigates the long-term determinants of the government bond nominal
yields of Brazil, Colombia, and Mexico. It deploys vector error correction (VEC) model to …

Low short-term interest rates, induced by the Bank of Japan's (BoJ) accommodative
monetary policy, is mainly responsible for keeping long-term Japanese government …

This paper presents empirical models of Mexican government bond (MGB) yields based on
monthly macroeconomic data. The current short-term interest rate has a decisive influence …

This paper employs a Keynesian perspective to explain why Japanese government
bonds'(JGBs) nominal yields have been low for more than two decades. It deploys several …

This paper critically reviews both mainstream and Keynesian empirical studies of interest
rate dynamics. It assesses the key findings of a selected number of these studies, surveying …

This article models, from a Keynesian perspective, the dynamics of Japanese government
bond (JGB) nominal yields using daily data. Models of government bond yields based on …

This paper analyzes the nominal yields of UK gilt-edged securities (“gilts”) based on a
Keynesian perspective, which holds that the short-term interest rate is the primary driver of …