Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/174238 
Erscheinungsjahr: 
2016
Quellenangabe: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 21 [Publisher:] Universidad Pablo de Olavide [Place:] Sevilla [Year:] 2016 [Pages:] 103-116
Verlag: 
Universidad Pablo de Olavide, Sevilla
Zusammenfassung: 
The objective of this paper is to classify a group of EMU countries according to the main determinants of long-term sovereign bond yields. We apply the Classification and Regression Tree method (CART). According to the findings, countries with lower inflation, a lower debt to GDP ratio, a lower average income tax rate, higher public debt maturity and higher IPI growth are placed in classification groups that have lower bond yields. These results confirm the hypothesis that countries with better macroeconomic and fiscal indicators have lower sovereign bond yields.
Schlagwörter: 
long-term yields
sovereign yields
classification trees
decision trees
JEL: 
G12
G15
H63
C38
Creative-Commons-Lizenz: 
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Dokumentart: 
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