Interest Rates and Budget Deficits: A Study of the Advanced Economies, 1st Edition (Hardback) book cover

Interest Rates and Budget Deficits

A Study of the Advanced Economies, 1st Edition

By Kanhaya L. Gupta, Bakhtiar Moazzami


288 pages

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Hardback: 9780415101356
pub: 1996-01-04
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eBook (VitalSource) : 9780203984345
pub: 2005-10-11
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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 interest rates in eleven developed countries. The results show that generalizations across the countries can be hazardous and strongly suggests that factors specific to individual countries are still of vital importance.

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General