Multifactor Keynesian models of the long-term interest rate

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:	2021
Authors:	Akram, Tanweer
Publisher:	Annandale-on-Hudson, NY : Levy Economics Institute of Bard College
Subject:	Long-Term Interest Rate \| Government Bond Yields \| Monetary Policy \| Short-Term Interest Rate \| Inflation \| Inflation Target \| John Maynard Keynes

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Series:	Working Paper ; 991
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1765618061 [GVK] hdl:10419/249779 [Handle] RePEc:lev:wrkpap:wp_991 [RePEc]
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; G10 - General Financial Markets. General ; G12 - Asset Pricing ; g41
Source:	EconStor

Persistent link: https://www.econbiz.de/10012818355