Kumar, Manmohan S.; Baldacci, Emanuele - International Monetary Fund (IMF) - 2010
fiscal deficits and public debts are likely to put substantial upward pressures on sovereign bond yields in many advanced … and public debt on long-term interest rates during 1980 - 2008, taking into account a wide range of country …-specific factors, for a panel of 31 advanced and emerging market economies. It finds that higher deficits and public debt lead to a …