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Interest Rates and Budget Deficits
Kanhaya Lal GuptaBakhtiar Moazzami
其他書名
A Study of the Advanced Economies
出版Routledge, 1996
ISBN04151013529780415101356
URLhttp://books.google.com.hk/books?id=pFqzAAAAIAAJ&hl=&source=gbs_api
註釋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.