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We find that real interest rates paid on government debt depend significantly upon current and expected future levels of debt, in Europe as in the US. But this result only emerges when we condition on foreign interest rates, illustrating financial international integration. The previously strong...
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of return from rising significantly above the world rate of return. This view has been challenged recently by the …
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of return from rising significantly above the world rate of return. This view has been challenged recently by the …
Persistent link: https://www.econbiz.de/10013229146