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Public debt and long-term interest rates: the case of Germany, Italy and the USA

Author

Listed:
  • Strauch, Rolf
  • Paesani, Paolo
  • Kremer, Manfred

Abstract

The debate on the sustainability of public finances is closely related to the analysis of the financial and macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983 JEL Classification: E6, H63

Suggested Citation

  • Strauch, Rolf & Paesani, Paolo & Kremer, Manfred, 2006. "Public debt and long-term interest rates: the case of Germany, Italy and the USA," Working Paper Series 656, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:2006656
    Note: 339130
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    References listed on IDEAS

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    More about this item

    Keywords

    cointegration; Common Trends; long-term interest rates; public debt;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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