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[null,"1.","Record Nr.",null,"UNINA9910788403403321"]
[null,null,"Autore",null,"Kumar Manmohan"]
[null,null,"Titolo",null,"Fiscal Policy and Interest Rates : : How Sustainable Is The “New Economy”? / / Manmohan Kumar, David Hauner"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2006"]
[null,null,"ISBN",null,"1-4623-3265-X"]
[{"$nulls":4},"1-4527-1180-1"]
[{"$nulls":4},"1-283-51491-5"]
[{"$nulls":4},"1-4519-0906-3"]
[{"$nulls":4},"9786613827364"]
[null,null,"Descrizione fisica",null,"1 online resource (34 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Interest rates"]
[{"$nulls":4},"Fiscal policy"]
[{"$nulls":4},"Banks and Banking"]
[{"$nulls":4},"Inflation"]
[{"$nulls":4},"Public Finance"]
[{"$nulls":4},"Interest Rates: Determination, Term Structure, and Effects"]
[{"$nulls":4},"Price Level"]
[{"$nulls":4},"Deflation"]
[{"$nulls":4},"Debt"]
[{"$nulls":4},"Debt Management"]
[{"$nulls":4},"Sovereign Debt"]
[{"$nulls":4},"Fiscal Policy"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Public finance & taxation"]
[{"$nulls":4},"Long term interest rates"]
[{"$nulls":4},"Real interest rates"]
[{"$nulls":4},"Government debt management"]
[{"$nulls":4},"Prices"]
[{"$nulls":4},"Debts, Public"]
[{"$nulls":4},"United States"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"May 2006.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"\"\"Contents\"\"; \"\"I. INTRODUCTION\"\"; \"\"II. LOW GLOBAL INTEREST RATES: POSSIBLE EXPLANATIONS\"\"; \"\"III. A MODEL OF INTEREST RATE DETERMINATION\"\"; \"\"IV. EMPIRICAL EVIDENCE\"\"; \"\"A. Data and Methodology\"\"; \"\"B. Empirical Results\"\"; \"\"C. A New Economy of Interest Rates?\"\"; \"\"V. CONCLUSIONS AND POLICY IMPLICATIONS\"\"; \"\"REFERENCES\"\""]
[null,null,null,"Sommario/riassunto","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."]