Interest Rates and Budget Deficits
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A01=Bakhtiar Moazzami
A01=Kanhaya L. Gupta
Author_Bakhtiar Moazzami
Author_Kanhaya L. Gupta
Category=KCBM
Category=KJ
Conditional Forecast
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equivalence
Estimated Long Run Coefficients
ex-ante
Ex-ante Real Interest Rate
Ex-ante Real Rate
Ex-post Real Interest Rate
Exogeneity Hypothesis
fisher
Fisher Hypothesis
Fitted Values
Forecast Horizon
granger
hypothesis
Inflationary Expectations
Instrumental Variable Estimation
Long Run Coefficients
Medium Term Interest Rates
Medium Term Rate
nominal
Nominal Interest Rates
Null Hypothesis
real
Real Interest Rate
Real Output
Real Rate
ricardian
short
Short Run Interest Rate
Short Term Real Interest Rates
Short Term Real Rate
Significant Long Term Impact
term
Unit Root
Unit Root Hypothesis
Product details
- ISBN 9780415101356
- Weight: 453g
- Dimensions: 138 x 216mm
- Publication Date: 04 Jan 1996
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
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.
