changing behavior of time varying risk premium for holding 10 year maturity bond using a bivariate VARMA-DBEKK-AGARCH-M model …. The model allows for asymmetric risk premia, causality and co-volatility spillovers jointly in the global bond markets …. Empirical results show significant asymmetric partial co-volatility spillovers and risk premium exist in the bond markets. The …

) approach. Keynes held that the central bank exerts decisive influence on government bond yields because the central bank … government bonds' nominal yields. Furthermore, the effect of the budget balance ratio on government bond yields is small but … statistically significant. However, there is no statistically discernable effect of the debt ratio on government bond yields. …

) approach. Keynes held that the central bank exerts decisive influence on government bond yields because the central bank … government bonds' nominal yields. Furthermore, the effect of the budget balance ratio on government bond yields is small but … statistically significant. However, there is no statistically discernible effect of the debt ratio on government bond yields …