Interest rates and budget deficits : a study of the advanced economies / Kanhaya L. Gupta and Bakhtiar Moazzami.

Format:

Book

Author/Creator:

Gupta, Kanhaya L. (Kanhaya Lal), 1935-

Contributor:

Moazzami, Bakhtiar, 1954-

Series:

Routledge studies in the modern world economy ; 1.

Routledge studies in the modern world economy, 1359-7965 ; 1

Language:

English

Subjects (All):

Budget deficits--Case studies.

Budget deficits.

Interest rates--Effect of inflation on--Case studies.

Interest rates.

Physical Description:

1 online resource (xvii, 262 pages) : illustrations

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 1996.

Language Note:

English

Summary:

There is widespread belief that the high interest rates of the 1980's and 1990's 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.

Contents:

HALF-TITLE; TITLE; COPYRIGHT; CONTENTS; FIGURES; TABLES; ACKNOWLEDGEMENTS; 1. INTRODUCTION; 2. PROBLEMS OF MEASURING EX-ANTE REAL INTEREST RATES; 3. ESTIMATES AND BEHAVIOUR OF EX-ANTE REAL INTEREST RATES; 4. INTEREST RATES, INFLATION AND TAXES; 5. ON THE EXOGENEITY OF THE REAL INTEREST RATE; 6. BUDGET DEFICITS AND INTEREST RATES: THEORY; 7. BUDGET DEFICITS AND INTEREST RATES: THE EVIDENCE; 8. SOME LESSONS; NOTES; SELECT BIBLIOGRAPHY; INDEX

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 250-256) and index.

ISBN:

1-134-85389-0

1-134-85390-4

1-280-22649-8

9786610226498

0-203-98434-X

9780203984345

OCLC:

275278172