Long-term government bond yields and macroeconomic fundamentals: Evidence for Greece during the crisis-era

Dionysios Chionis, Ioannis Pragidis () and Panagiotis Schizas

Finance Research Letters, 2014, vol. 11, issue 3, 254-258

Abstract: This paper studies the influence of macroeconomic fundamentals and the underlying 10years Greek government bonds. We examine for the period between Q12001 up to end to Q42012, applying four major macroeconomic variables such as Debt to GDP ratio, deficit, inflation and unemployment. We found that, overall, deficit, inflation and unemployment among others, play a more significant role as determinants of the 10-year Greek bond yield, while isolating the period during the crisis macroeconomic factors strengthen their affect to the Greek Debt market.

Keywords: Sovereign bonds; Macroeconomic fundamentals; Greek Debt Crisis (search for similar items in EconPapers)
JEL-codes: E43 E44 G12 G14 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:11:y:2014:i:3:p:254-258

DOI: 10.1016/j.frl.2014.02.003

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