Interest rates and budget deficits [electronic resource] : a study of the advanced economies / Kanhaya L. Gupta and Bakhtiar Moazzami.
There is widespread belief that the high interest rates of the 1980s and 1990s in the developed world have been caused by high budget deficits. Yet, there is no conclusive evidence to support such a belief. This book systematically examines this and other questions relating to the behaviour of real...
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Full Text (via Taylor & Francis) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
London ; New York :
Routledge,
1996.
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| Series: | Routledge studies in the modern world economy ;
1. |
| Subjects: |
Table of Contents:
- 1. Introduction
- 2. Problems of measuring ex-ante real interest rates
- 3. Estimates and behaviour of ex-ante real interest rates
- 4. Interest rates, inflation and taxes
- 5. On the exogeneity of the real interest rate
- 6. Budget deficits and interest rates : theory
- 7. Budget deficits and interest rates : the evidence
- 8. Some lessons.