Read Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

Michael B. Devereux

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Description:This paper empirically explores how fiscal policy (represented by increases in government spending) has asymmetric effects on economic activity at different levels of real interest rates. It suggests that the effect of fiscal policy depends on the level of real rates, since the Ricardian effect is smaller at lower financing costs of fiscal policy. Using threshold regression models on U.S. data, the paper provides new evidence that expansionary government spending is more conducive to short-run growth when real rates are low. It also finds asymmetric effects on interest rates and inflation, and threshold effects associated with substitution between financing methods.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?. To get started finding Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 76

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2005

ISBN: 6613800147

Description: This paper empirically explores how fiscal policy (represented by increases in government spending) has asymmetric effects on economic activity at different levels of real interest rates. It suggests that the effect of fiscal policy depends on the level of real rates, since the Ricardian effect is smaller at lower financing costs of fiscal policy. Using threshold regression models on U.S. data, the paper provides new evidence that expansionary government spending is more conducive to short-run growth when real rates are low. It also finds asymmetric effects on interest rates and inflation, and threshold effects associated with substitution between financing methods.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?. To get started finding Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

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