| 書目名稱 | Fiscal Policy, Public Debt and the Term Structure of Interest Rates | | 編輯 | Roland Demmel | | 視頻video | http://file.papertrans.cn/344/343899/343899.mp4 | | 概述 | Includes supplementary material: | | 叢書名稱 | Lecture Notes in Economics and Mathematical Systems | | 圖書封面 |  | | 描述 | The introduction of the thesis consists of four parts: first, we motivate our chosen macroeconomic setting by looking at some real world phenomena. For a better understanding of these phenomena, we argue that the mutual dynamic interactions between flScal policy and financial markets need to be closely examined in a macroeconomic framework. Second, we review different strands of the economic literature in order to show that most of the literature has so far exclusively concentrated either on fmancial market dynamics or on flScal policy issues. We conclude that a more integrated model setting is called for in order to explain the dynamic interactions observed in reality. Third, we discuss at length the economic assumptions underlying our model. This avoids multiple repetition later on. Finally, we outline the structure of the thesis and the objectives we pursue in the different chapters. 1. 1 Motivation Fiscal policy and financial market reactions are increasingly receiving world- wide attention. The most recent examples are the Maastricht criteria about flScal control, the South-East Asia financial crisis and the resulting IMF policy stance, the high level of public debt in develop | | 出版日期 | Book 1999 | | 關(guān)鍵詞 | Finance; Financial Markets; Finanzm?rkte; Fiscal Policy; Fiskalpolitik; Macroeconomic Dynamics; Makro?kono | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-642-58595-1 | | isbn_softcover | 978-3-540-66243-3 | | isbn_ebook | 978-3-642-58595-1Series ISSN 0075-8442 Series E-ISSN 2196-9957 | | issn_series | 0075-8442 | | copyright | Springer-Verlag Berlin Heidelberg 1999 |
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