Bouis, Romain; Inaba, Kei-Ichiro; Rawdanowicz, Łukasz; … - 2014
determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they … factors whose importance has varied over time. In the 1990s, the decline in inflation levels and in volatility was key. In the … put lasting downward pressures on government bond yields. …