If Deficits Are Not the Culprit, What Determines Indian Interest Rates? An Evaluation Using the Maxi...
If Deficits Are Not the Culprit, What Determines Indian Interest Rates? An Evaluation Using the Maximum Entropy Bootstrap Method
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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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 second relates to the assumption of "stationarity"--w...
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If Deficits Are Not the Culprit, What Determines Indian Interest Rates? An Evaluation Using the Maximum Entropy Bootstrap Method
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TN_cdi_proquest_journals_1698663090
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1698663090
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https://www.proquest.com/docview/1698663090?pq-origsite=primo&accountid=13902
