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Name: Fiscal Policy and Interest Rates in the European Union.
Price: 35798 JPY
Availability: BackOrder
Author: Knot, Klaus H. W.
ISBN: 978-1-85898-429-2

Fiscal Policy and Interest Rates in the European Union. 欧州連合における財政政策と金利

・ISBN 978-1-85898-429-2 hard GB£ 113.00

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著者・編者	Knot, Klaus H. W.,
出版社	(E. Elgar, UK)
出版年月	1996
ページ数	203 pp.
言語	ENG
ニュース番号	＜424-303 424-L050＞

解説

Fiscal Policy and Interest Rates in the European Union is a comprehensive study concerned with the potential effects of fiscal policy on financial markets in the European Union. It takes into account the gradual liberalization of capital movements throughout Western Europe and the institutional framework of the European monetary system.

Klaas Knot takes a fresh approach to the impact of budget deficits on interest rates, especially in relation to international financial integration, and concludes that the increases in European budget deficits since the early 1970s have raised interest rates in the long term throughout the Union. In conclusion he argues that balanced budget deficits are necessary to maintain low interest rates.

This important new book will be of interest to students, academics and policymakers concerned with monetary and public economics.