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Comment on: “Monetary Policy,Bond Returns and Debt Dynamics” by Antje Berndt and Sevin Yeltekin
Institution:1. National University of Singapore, Singapore;2. American University, USA;1. Department of Economics, University of Notre Dame, 3026 Nanovic Hall, Notre Dame, IN, 46556, USA;2. Institute for Macroeconomics and Econometrics, University of Bonn, Adenauerallee 24-42, 53113 Bonn, Germany;3. Chair of Macroeconomics, Friedrich-Alexander Universität Erlangen-Nürnberg, Lange Gasse 20, 90403 Nürnberg, Germany;4. Research Data Centre (FDZ) of the German Federal Employment Agency (BA) at the Institute for Employment Research (IAB), Regensburger Str. 104, 90478 Nürnberg, Germany;5. Department of Economics, Universidad Carlos III de Madrid, 28903 Getafe, Calle Madrid 126, Spain;1. Department of Economics, Mihaylo College of Business and Economics, California State University Fullerton, Fullerton, CA 92834, United States;2. Department of Economics, University of Western Ontario, London, ON N6A 5C2, Canada
Abstract:
Keywords:Fiscal policy  Monetary policy  Debt-to-GDP ratio  Inflation risk  Bond risks
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