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The Impact of Debt and Deficits on Long-Term Interest Rates in the US, WP/25/142, July 2025

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The Impact of Debt And Deficits on Long-Term Interest Rates in the US Davide Furceri, Carlos Goncalves and Hongchi Li WP/25/142 IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. 2025 JUL © 2025 International Monetary Fund WP/25/142…

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