Budget Deficits and Interest Rates : A Fresh Perspective

A Fresh Perspective

Budget Deficits and Interest Rates : A Fresh Perspective
We extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore interactions to explain some of the heterogeneity in the literature; and apply system GMM. There is overall a highly significant positive effect of budget... READ MORE...

Publication date: February 2008
ISBN 9781451869040
$18.00

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