TY  - JOUR
TI  - An Empirical Analysis on the Determinants of the Russian Government Bond Yields
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - government bond yields
KW  - government bonds
KW  - interest rates
KW  - factors
KW  - sensitivity
KW  - analysis
KW  - econometric approaches
KW  - cointegration
KW  - error-correction
AB  - The article considers the behavior of the nominal rates of return on the domestic Russian government bond market under the influence of a wide range of macroeconomic parameters, indicators of monetary policy and money market, international factors and political and economic events during the period from 2003 to 2011. The authors outline the key determinants of the Russian government bond yields of various maturities and estimate the long-run cointegrating relationship with inflationary expectations.
AU  - Alena Rodionova
AU  - Alexander Arshavsky
UR  - https://ej.hse.ru/en/2012-16-3/75427098.html
PY  - 2012
SP  - 285-317
VL  - 16