1.

Record Nr.

UNINA990007406070403321

Titolo

L'Italia nella competizione tecnologica internazionale : terzo rapporto / a cura di Sergio Ferrari ... [et al.]

Pubbl/distr/stampa

Milano : FrancoAngeli, [2002]

ISBN

88-464-3884-1

Descrizione fisica

336 p. ; 23 cm

Collana

Economia e politica industriale ; 192

Disciplina

338.476072045

Locazione

FSPBC

Collocazione

Collez. 773 (192)

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910788517803321

Autore

Kinoshita Noriaki

Titolo

Government Debt and Long-Term Interest Rates / / Noriaki Kinoshita

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-6394-6

1-4527-8849-9

1-282-55819-6

1-4519-0859-8

9786613822338

Descrizione fisica

1 online resource (25 p.)

Collana

IMF Working Papers

Soggetti

Debts, Public - Econometric models

Interest rates - Econometric models

Banks and Banking

Macroeconomics

Public Finance

Interest Rates: Determination, Term Structure, and Effects

Fiscal Policy

Debt

Debt Management



Sovereign Debt

Macroeconomics: Consumption

Saving

Wealth

Public finance & taxation

Finance

Public debt

Real interest rates

Long term interest rates

Government consumption

Government debt management

Financial services

National accounts

Public financial management (PFM)

Debts, Public

Interest rates

Consumption

Economics

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. AN OVERVIEW OF THE LITERATURE""; ""III. THEORETICAL ANALYSIS""; ""IV. EMPIRICAL EVIDENCE""; ""V. CONCLUSION""; ""References""; ""DERIVATION OF DYNAMIC EQUILIBRIUM CONDITIONS""; ""DATA SOURCES AND DEFINITIONS""

Sommario/riassunto

This paper examines the relationship between government debt and long-term interest rates. A dynamic general equilibrium model that incorporates debt nonneutrality is specified and solved, and numerical simulations using the model are undertaken. In addition, empirical evidence using panel data for 19 industrial countries is examined. The estimation provides some evidence supporting the theoretical predictions: the paper finds that the simulated and estimated interest rate effects of government debt tend to be small. However, an increase in government consumption and debt leads to a considerably larger effect. The paper also argues that, although the interest rate effects of pure crowding out may be limited, the economic impact of accumulating government debt cannot be ignored.