Multifactor Keynesian models of the long-term interest rate

by Tanweer Akram (Wells Fargo)

Using panel data models, we analyze the flypaper effects-whether intergovernmental fiscal transfers or states' own income determine expenditure commitments - on ecological fiscal spending in India. The econometric results show that the unconditional fiscal transfers, rather than the states' own income, determine ecological expenditure in the forestry sector at subnational levels in India. The results hold when the models are controlled for ecological outcomes and demographic variables.

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Year of publication:	July 2021
Authors:	Akram, Tanweer
Publisher:	Annandale-on-Hudson, NY : Levy Economics Institute
Subject:	Long-Term Interest Rate \| Government Bond Yields \| Monetary Policy \| Short-Term Interest Rate \| Inflation \| Inflation Target \| John Maynard Keynes \| Zins \| Interest rate \| Zinsstruktur \| Yield curve \| Geldpolitik \| Monetary policy \| Öffentliche Anleihe \| Public bond \| Keynesianismus \| Keynesian economics \| Inflationssteuerung \| Inflation targeting \| Theorie \| Theory \| Zinspolitik \| Interest rate policy