Asymmetric Effects of Government Spending : Does the Level of Real Interest Rates Matter?

Does the Level of Real Interest Rates Matter?

Asymmetric Effects of Government Spending : Does the Level of Real Interest Rates Matter?
This paper empirically explores how fiscal policy (represented by increases in government spending) has asymmetric effects on economic activity at different levels of real interest rates. It suggests that the effect of fiscal policy depends on the level of real rates, since the Ricardian effect is smaller at lower financing costs of fiscal... READ MORE...

Publication date: January 2005
ISBN 9781451860269
$15.00

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