Budget Deficits and Interest Rates : A Fresh Perspective /

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 hi...

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Bibliographic Details
Main Author: Aisen, Ari
Other Authors: Hauner, David
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/042
Online Access:Full text available on IMF