Narrow search
Showing 1 - 3 of 3
Cover Image
If deficits are not the culprit, what determines Indian interest rates? : an evaluation using the maximum entropy bootstrap method
Vinod, Hrishikesh D.; Chakraborty, Lekha S.; Karun, Honey - 2014
This paper challenges two clichés that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate of interest, and in turn displace the interest-rate-sensitive components of private investment....
Persistent link: https://www.econbiz.de/10010379957
Cover Image
If deficits are not the culprit, what determines Indian interest rates? An evaluation using the maximum entropy bootstrap method
Vinod, Hrishikesh; Chakraborty, Lekha S.; Karun, Honey - 2014
This paper challenges two clichés that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate of interest, and in turn displace the interest-rate-sensitive components of private investment....
Persistent link: https://www.econbiz.de/10010513044
Cover Image
"If Deficits Are Not the Culprit, What Determines Indian Interest Rates? An Evaluation Using the Maximum Entropy Bootstrap Method"
Vinod, Hrishikesh; Chakraborty, Lekha S.; Karun, Honey - Levy Economics Institute - 2014
This paper challenges two cliches that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate of interest, and in turn displace the interest-rate-sensitive components of private investment. The...
Persistent link: https://www.econbiz.de/10011141191