Articles liés à Finance and Economics Discussion Series: The Effect...

Finance and Economics Discussion Series: The Effect of Deficit-Reduction Laws on Real Interest Rates - Couverture souple

Elmendorf, Douglas W

 
9781288722150: Finance and Economics Discussion Series: The Effect of Deficit-Reduction Laws on Real Interest Rates
Couverture souple
ISBN 10 : 128872215X ISBN 13 : 9781288722150
Editeur : BiblioBazaar, LLC, 2013

Synopsis

This paper uses news reports about two deficit-reduction laws of the past decade to identify days when expected fiscal policy clearly became more or less expansionary. The paper also proposes a technique for identifying whether the real interest rate increased or decreased on those days, based on changes in the nominal interest rate, the exchange rate, commodity prices, and stock prices. As economic theory predicts, higher expected government spending and budget deficits raised real interest rates and the value of the dollar, while lower expected spending and deficits reduced real rates and the value of the dollar.

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Éditeur
BiblioBazaar, LLC
Date d'édition
2013
Langue
anglais
ISBN 10 
128872215X
ISBN 13 
9781288722150
Reliure
Broché
Nombre de pages
44
Coordonnées du fabricant
non disponible
Personne responsable
non disponible