Volatility in International Sovereign Bond Markets: The Role of Government Policy Responses to the COVID-19 Pandemic

2020 ◽  
Author(s):  
Adam Zaremba ◽  
Renatas Kizys ◽  
David Yechiam Aharon
Keyword(s):  
Government Policy ◽  
Bond Markets ◽  
Role Of Government ◽  
Sovereign Bond ◽  
Policy Responses ◽  
Sovereign Bond Markets

The Political Economy of Crisis Responses

2019 ◽  
pp. 43-58
Author(s):  
Agnar Freyr Helgason
Keyword(s):  
Political Economy ◽  
Government Policy ◽  
The Political ◽  
Economic Welfare ◽  
Role Of Government ◽  
Policy Responses ◽  
Policy Debates ◽  
Key Policy ◽  
Crisis Responses

Chapter 3, by Agnar Freyr Helgason, offers a review of political economy theories of crises responses. He starts by explaining the broad perspectives of the Keynesian and Austrian schools and then probes more deeply into recent work on government policy responses to economic crises, with a focus on the economic welfare of populations or households. The role of the welfare state and its importance during periods of crisis is considered, as well as the role of government policy more broadly, either that directed at the economy generally or at specific population groups. Key policy debates are covered, for example austerity versus stimulus, as well as mixed approaches.

scholarly journals Self-Fulfilling Debt Crises: A Quantitative Analysis

2019 ◽  
Vol 109 (12) ◽  
pp. 4343-4377 ◽  
Author(s):  
Luigi Bocola ◽  
Alessandro Dovis
Keyword(s):  
Quantitative Analysis ◽  
Interest Rate ◽  
Debt Maturity ◽  
Bond Markets ◽  
Risk Averse ◽  
Sovereign Bond ◽  
Maturity Structure ◽  
The Government ◽  
Sovereign Bond Markets

This paper investigates the role of self-fulfilling expectations in sovereign bond markets. We consider a model of sovereign borrowing featuring endogenous debt maturity, risk-averse lenders, and self-fulfilling crises à la Cole and Kehoe (2000). In this environment, interest rate spreads are driven by both fundamental and nonfundamental risk. These two sources of risk have contrasting implications for the maturity structure of debt chosen by the government. Therefore, they can be indirectly inferred by tracking the evolution of debt maturity. We fit the model to Italian data and find that nonfundamental risk played a limited role during the 2008–2012 crisis. (JEL E43, E44, F34, G01, G15, H63)

Modelling the Role of Government Policy in Post-War Australian Immigration

1979 ◽  
Vol 55 (2) ◽  
pp. 127-135 ◽  
Author(s):  
ALLEN C. KELLEY ◽  
ROBERT M. SCHMIDT
Keyword(s):  
Government Policy ◽  
Role Of Government ◽  
Post War

scholarly journals Dynamic integration and network structure of the EMU sovereign bond markets

2018 ◽  
Vol 281 (1-2) ◽  
pp. 297-314 ◽  
Author(s):  
Ahmet Sensoy ◽  
Duc Khuong Nguyen ◽  
Ahmed Rostom ◽  
Erk Hacihasanoglu
Keyword(s):  
Network Structure ◽  
Bond Markets ◽  
Sovereign Bond ◽  
Dynamic Integration ◽  
Sovereign Bond Markets

scholarly journals Volatility spillovers in EMU sovereign bond markets

2015 ◽  
Vol 39 ◽  
pp. 337-352 ◽  
Author(s):  
Fernando Fernández-Rodríguez ◽  
Marta Gómez-Puig ◽  
Simón Sosvilla-Rivero
Keyword(s):  
Bond Markets ◽  
Volatility Spillovers ◽  
Sovereign Bond ◽  
Sovereign Bond Markets

Spread the news: The impact of news on the European sovereign bond markets during the crisis

2013 ◽  
Vol 34 ◽  
pp. 83-101 ◽  
Author(s):  
Roel Beetsma ◽  
Massimo Giuliodori ◽  
Frank de Jong ◽  
Daniel Widijanto
Keyword(s):  
Bond Markets ◽  
Sovereign Bond ◽  
The Impact ◽  
Sovereign Bond Markets
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