It takes the average reader and 44 minutes to read Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel by Mr. Salvatore Dell'Erba
Assuming a reading speed of 250 words per minute. Learn more
This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset of macroeconomic and fiscal variables for a panel of OECD countries for the period 1989-2012. We find that two global factors—the global monetary and fiscal policy stances—explain more than 60 percent of the variance in the long-term interest rates. Compared to the estimates from models which do not account for global factors, we find that the importance of domestic variables in explaining long-term interest rates is weakened. Moreover, the propagation of global fiscal shocks is larger in economies characterized by macroeconomic and institutional weaknesses.
Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel by Mr. Salvatore Dell'Erba is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel aloud.
Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel by Mr. Salvatore Dell'Erba is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
To buy Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel by Mr. Salvatore Dell'Erba on Amazon click the button below.
Buy Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel on Amazon