Staffa, Ruben Marek; Schweinitz, Gregor von - Leibniz-Institut für Wirtschaftsforschung Halle - 2023
This paper studies the interaction between fiscal policy and bondholders against the backdrop of high sovereign debt … ticker data set. Our main results are threefold. First, the interaction between fiscal policy and bondholders’ expectations … is critical for the evolution of prices. Fiscal policy reinforces contractionary monetary policy through sustained …