Government borrowing and the long-term interest rate: Application of an extended loanable funds model to the Slovak Republic
Extending the open-economy loanable funds model, this paper finds that more government borrowing as a percent of GDP leads to a higher government bond yield, that a higher real money market rate, a higher expected inflation rate, a higher EU government bond yield, or a decrease in the Slovak nominal...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2010-01-01
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| Series: | Ekonomski Anali |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2010/0013-32641084058H.pdf |