The Long-Run Determinants of Indian Government Bond Yields (Presentation Slides)
21 Pages Posted: 8 Aug 2019
Date Written: May 4, 2018
Presentation of paper examining how Indian long-term government bond yields are affected by changes in short term bond yields and fiscal policy variables. The models estimated show that in India the short-term interest rate is the key driver of the long-term government bond yield over the long-run. The government debt ratio does not have any discernible adverse effect on IGBs’ yields over the long-run.
Keywords: government bond yields, interest rates, monetary policy, India
JEL Classification: E43, E50, E60, G10, O16
Suggested Citation: Suggested Citation