This paper examines the relationship between government debt and long-term interest rates. A dynamic general equilibrium model that incorporates debt nonneutrality is specified and solved, and numerical simulations using the model are undertaken. In addition, empirical evidence using panel data...

This paper explores the effects of fiscal transparency on the borrowing costs of 33 emerging and developing economies (EMs), and on foreign demand for their sovereign debt. Using multiple indicators, including a constructed one based on the published data in the IMF's Government Finance...

This paper explores the effects of fiscal transparency on the borrowing costs of 33 emerging and developing economies (EMs), and on foreign demand for their sovereign debt. Using multiple indicators, including a constructed one based on the published data in the IMF's Government Finance...

Intro -- Contents -- I. INTRODUCTION -- II. AN OVERVIEW OF THE LITERATURE -- III. THEORETICAL ANALYSIS -- IV. EMPIRICAL EVIDENCE -- V. CONCLUSION -- References -- DERIVATION OF DYNAMIC EQUILIBRIUM CONDITIONS -- DATA SOURCES AND DEFINITIONS.