Hidden Bibliographic Details
| Other authors / contributors: | Hauner, David, author.
International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1283512068
9781283512060
1451913575
9781451913576
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| Notes: | Includes bibliographical references (pages 13-15).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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 deficits on interest rates, but the effect depends on interaction terms and is only significant under one of several conditions: deficits are high, mostly domestically financed, or interact with high domestic debt; financial openness is low; interest rates are liberalized; or financial depth is low.
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| Other form: | Print version: Aisen, Ari, 1971- Budget deficits and interest rates. Washington, D.C. : International Monetary Fund, Fiscal Affairs Dept., 2008
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| Standard no.: | 10.5089/9781451913576.001
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