Interest Rates and Budget Deficits
A Study of the Advanced Economies
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Interest Rates and Budget Deficits by Kanhaya L. Gupta
Book DescriptionThere 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.
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Book DetailsISBN: 9780415101356
(216mm x 138mm x 19mm)
Publisher: Taylor & Francis Ltd
Publish Date: 4-Jan-1996
Country of Publication: United Kingdom
Books By Author Kanhaya L. Gupta
Financial Liberalization and Investment, Hardback (March 1996)
What happens to savings, investment, income and growth if governments allow interest rates to be determined by market forces? This work attempts to answer this question by examining financial deregulation, focusing specifically on its consequences for the real sectors of the economy.
Budget Deficits and Economic Activity in Asia, Hardback (November 1991)» View all books by Kanhaya L. Gupta
Following an examination of current levels of government budget deficits and current fiscal policies in Asian economies, this study turns to a quantification of the effects on money supply, inflation, aggregate demand and interest rates.
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