We analyze real interest rate convergence among six industrialized countries in between 1975M1-2011M3 within a multi-country framework by means of a dynamic latent factor model. The real interest rates are decomposed into permanent and transitory factors, and country-specific components....

This paper analyses the effect of government domestic borrowing on private investment using an Auto Regressive Distributed Lag (ARDL) model to test for long-run and shortrun co-integration relationship between the independent variables and Gross fixed capital formation. The findings show that...