Akram, Tanweer; Das, Anupam - 2017
nominal income-has an adverse effect on government bond yields over a long-run horizon. The models estimated here show that in … India, short-term interest rates are the key driver of long-term government bond yields over the long run. However, the … whether John Maynard Keynes's supposition that short-term interest rates are the key driver of long-term government bond …