Zhou, Sheunesu - In: Cogent Economics & Finance 9 (2021) 1, pp. 1-19
for non-linearity reveal that the short-term interest rate has an asymmetric relationship with the long-term bond yield …-regressive distributed lag (ARDL) technique to estimate the determinants of the long-term bond yield. Our results show that the short-term … interest rate is the major determinant of the long term yield in both the short-run and long-run. Government debt and the US …