1st Edition
Interest Rates and Budget Deficits A Study of the Advanced Economies
288 Pages
by
Routledge
288 Pages
by
Routledge
Also available as eBook on:
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... Read more
Chapter 1 1 INTRODUCTION; Chapter 2 2 PROBLEMS OF MEASURING EX-ANTE REAL INTEREST RATES; Chapter 3 3 ESTIMATES AND BEHAVIOUR OF EX-ANTE REAL INTEREST RATES; Chapter 4 4 INTEREST RATES, INFLATION AND TAXES; Chapter 5 5 ON THE EXOGENEITY OF THE REAL INTEREST RATE; Chapter 6 6 BUDGET DEFICITS AND INTEREST RATES: THEORY; Chapter 7 7 BUDGET DEFICITS AND INTEREST RATES: THE EVIDENCE; Chapter 8 8 SOME LESSONS; NOTES; SELECT BIBLIOGRAPHY; INDEX;
Biography
Kanhaya L.Gupta is Professor of Economics at the University of Alberta., Bakhtiar Moazzami is Associate Professor at Lakehead University. Both have published widely in the fields of macroeconomics and monetary policy.
