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01897cas a2200253 a 4500 |
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|c 5.00 USD
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|z 9781451863727
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Kumar, Manmohan.
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|a Fiscal Policy and Interest Rates :
|b How Sustainable Is The 'New Economy'? /
|c Manmohan Kumar, David Hauner.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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| 300 |
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|a 1 online resource (34 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper explores the determinants of long-term government bond yields in the Group of Seven (G-7) economies and analyzes the factors that could explain the conundrum of very low rates in the face of a variety of adverse factors in recent years. In particular, the paper focuses on the deteriorating fiscal position in the G-7 economies and enquires which factors could have offset their impact on long-term interest rates, and how sustainable they are likely to be. A model of interest rate determination is elaborated and estimated for the G-7, with explicit emphasis on capital flows and public savings. The results suggest a high likelihood of a substantial impact of the weaker budgetary positions in the G-7 on global interest rates when the offsetting unprecedented capital flows slow down.
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|a Mode of access: Internet
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|a Hauner, David.
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|a IMF Working Papers; Working Paper ;
|v No. 2006/112
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/112/001.2006.issue-112-en.xml
|z IMF e-Library
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