Pregled bibliografske jedinice broj: 1086708
Transmission of Fiscal Spillovers on Interest Rates in EMU
Transmission of Fiscal Spillovers on Interest Rates in EMU // Ekonomický časopis, 68 (2020), 9; 939-962 doi:10.31577/ekoncas.2020.09.04 (međunarodna recenzija, članak, ostalo)
CROSBI ID: 1086708 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Transmission of Fiscal Spillovers on Interest
Rates in EMU
Autori
Malešević Perović, Lena
Izvornik
Ekonomický časopis (0013-3035) 68
(2020), 9;
939-962
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, ostalo
Ključne riječi
public debt, long-term interest rates, EMU, spatial panel analysis, spillover effects
Sažetak
In this paper we investigate the relationship between fiscal imbalances and long-term interest rates and assess various transmission channels of fiscal spillovers in EMU during 2002 – 2015. Our results support the importance of bilateral trade, informational and geographical channel of transmission, with spillovers accounting for more than 50 percent of the overall effect. Our findings suggest that if the share of public debt in GDP in all countries increases by 1 percentage point, the long-term interest rates of a given country will, on average, increase by 2.56 – 5.98 basis points, 1.9 – 3.61 basis points of which can be attributed to indirect effects.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- EconLit
