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) disinflation process. We also find that in the wake of financial liberalization and the greater openness of the economy, the US … interest rate has come to affect the yields on domestic bonds, albeit less significantly than expected in a fully open economy …
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Ber, Brender and Ribon study the effects of fiscal and monetary policy on real bond yields with reference to the Israeli experience during the 1990s. They find that both monetary and fiscal policy affect real yields. On the one hand, fiscal policy has a direct impact on the money market via the...
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financial liberalization and the greater openness of the economy, the US interest rate has come to affect the yields on domestic … bonds, albeit less significantly than expected in a fully open economy …
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Conventional wisdom is that good economic conditions or expansionary fiscal policy help incumbents get re-elected, but this has not been tested in a large cross-section of countries. We test these arguments in a sample of 74 countries over the period 1960-2003. We find no evidence that deficits...
Persistent link: https://www.econbiz.de/10013225839
Conventional wisdom is that good economic conditions or expansionary fiscal policy help incumbents get re-elected, but this has not been tested in a large cross-section of countries. We test these arguments in a sample of 74 countries over the period 1960-2003. We find no evidence that deficits...
Persistent link: https://www.econbiz.de/10012466809