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A note concerning government bond yields

Akram, Tanweer - 2020

This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...

Persistent link: https://www.econbiz.de/10012317613

A note concerning the dynamics of government bond yields

Akram, Tanweer - In: The American economist : journal of the International … 66 (2021) 2, pp. 323-339

Persistent link: https://www.econbiz.de/10012625022

A Keynesian explanation of Indian government bond yields

Akram, Tanweer; Das, Anupam - In: Journal of post-Keynesian economics : JPKE 38 (2015) 4, pp. 565-587

Persistent link: https://www.econbiz.de/10011509213

Japan's liquidity trap

Akram, Tanweer - 2016

from a sharp rise in investors’ liquidity preference and the fear of capital losses due to uncertainty about the direction … of vigorous fiscal policy and employment creation to induce a higher expected marginal efficiency of capital, while the … central bank stabilizes the yield curve and reduces interest rate volatility to mitigate investors’ expectations of capital …

Persistent link: https://www.econbiz.de/10011453035

The empirics of long-term US interest rates

Akram, Tanweer; Li, Huiqing - 2016

US government indebtedness and fiscal deficits increased notably following the global financial crisis. Yet long-term interest rates and US Treasury yields have remained remarkably low. Why have long-term interest rates stayed low despite the elevated government indebtedness? What are the...

Persistent link: https://www.econbiz.de/10011453037

The long-run determinants of Indian government bond yields

Akram, Tanweer; Das, Anupam - In: Asian development review 36 (2019) 1, pp. 168-205

Persistent link: https://www.econbiz.de/10012038899

An analysis of the daily changes in US Treasury security yields

Akram, Tanweer; Das, Anupam - 2019

This paper analyzes the dynamics of long-term US Treasury security yields from a Keynesian perspective using daily data. Keynes held that the short-term interest rate is the main driver of the long-term interest rate. In this paper, the daily changes in long-term Treasury security yields are...

Persistent link: https://www.econbiz.de/10012059722

Australian government bonds' nominal yields : an empirical analysis

Akram, Tanweer; Das, Anupam - 2018

The short-term interest rate is the main driver of the Commonwealth of Australia government bonds' nominal yields. This paper empirically models the dynamics of government bonds' nominal yields using the autoregressive distributed lag (ARDL) approach. Keynes held that the central bank exerts...

Persistent link: https://www.econbiz.de/10011890462

The malady of low global interest rates

Akram, Tanweer - 2015

Long-term interest rates in advanced economies have been low since the global financial crisis. However, in the United States the Federal Reserve could begin to hike its policy rate, the federal funds target rate, before the end of the year. In the United Kingdom, the Bank of England could...

Persistent link: https://www.econbiz.de/10011389243

The long-run determinants of Indian government bond yields

Akram, Tanweer; Das, Anupam - 2017

This paper investigates the long-term determinants of Indian government bonds' (IGB) nominal yields. It examines whether John Maynard Keynes's supposition that short-term interest rates are the key driver of long-term government bond yields holds over the long-run horizon, after controlling for...

Persistent link: https://www.econbiz.de/10011591493