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Government Deficits, The Real Interest Rate And Ldc Debt: On Global Crowding Out

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  • Lal, Deepak
  • van Wijnbergen, Sweder

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  • Lal, Deepak & van Wijnbergen, Sweder, 1984. "Government Deficits, The Real Interest Rate And Ldc Debt: On Global Crowding Out," Discussion Papers 272824, University of Warwick - Department of Economics.
  • Handle: RePEc:ags:uwardp:272824
    DOI: 10.22004/ag.econ.272824
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    1. Riedel, James, 1984. "Trade as the Engine of Growth in Developing Countries, Revisited," Economic Journal, Royal Economic Society, vol. 94(373), pages 56-73, March.
    2. Lewis, W Arthur, 1980. "The Slowing Down of the Engine of Growth," American Economic Review, American Economic Association, vol. 70(4), pages 555-564, September.
    3. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    4. Dornbusch, Rudiger, 1983. "Real Interest Rates, Home Goods, and Optimal External Borrowing," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 141-153, February.
    5. Jeffrey D. Sachs, 1979. "Wages, Profits, and Macroeconomic Adjustment: A Comparative Study," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(2), pages 269-332.
    6. McCallum, Bennett T, 1984. "Are Bond-Financed Deficits Inflationary? A Ricardian Analysis," Journal of Political Economy, University of Chicago Press, vol. 92(1), pages 123-135, February.
    7. Ram, Rati, 1982. "Dependency Rates and Aggregate Savings: A New International Cross-Section Study," American Economic Review, American Economic Association, vol. 72(3), pages 537-544, June.
    8. Berndt, Ernst R & Wood, David O, 1979. "Engineering and Econometric Interpretations of Energy-Capital Complementarity," American Economic Review, American Economic Association, vol. 69(3), pages 342-354, June.
    9. Bonnell, Sheila, 1981. "Real Wages and Employment in the Great Depression," The Economic Record, The Economic Society of Australia, vol. 57(158), pages 277-281, September.
    10. Jeffrey D. Sachs, 1983. "Real Wages and Unemployment in the OECD Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 14(1), pages 255-304.
    11. Makin, John H, 1983. "Real Interest, Money Surprises, Anticipated Inflation and Fiscal Deficits," The Review of Economics and Statistics, MIT Press, vol. 65(3), pages 374-384, August.
    12. Wilcox, James A, 1983. "Why Real Interest Rates Were So Low in the 1970's," American Economic Review, American Economic Association, vol. 73(1), pages 44-53, March.
    13. Lal, Deepak, 1971. "When is Foreign Borrowing Desirable?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 33(3), pages 197-206, August.
    14. Thompson, Lawrence H, 1983. "The Social Security Reform Debate," Journal of Economic Literature, American Economic Association, vol. 21(4), pages 1425-1467, December.
    15. Ram, Rati, 1984. "Dependency Rates and Savings: Reply," American Economic Review, American Economic Association, vol. 74(1), pages 234-237, March.
    16. Eisner, Robert & Pieper, Paul J, 1986. "A New View of the Federal Debt and Budget Deficits: Reply," American Economic Review, American Economic Association, vol. 76(5), pages 1156-1157, December.
    17. Michael Bruno, 1982. "World Shocks, Macroeconomic Response, and the Productivity Puzzle (Rev)," NBER Working Papers 0942, National Bureau of Economic Research, Inc.
    18. Robert Mundell, 1963. "Inflation and Real Interest," Journal of Political Economy, University of Chicago Press, vol. 71, pages 280-280.
    19. Michael Bruno, 1984. "Raw Materials, Profits, and the Productivity Slowdown," The Quarterly Journal of Economics, Oxford University Press, vol. 99(1), pages 1-29.
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    Cited by:

    1. Shafik, Nemat & Jalali, Jalaleddin, 1991. "Are high real interest rates bad for world economic growth?," Policy Research Working Paper Series 669, The World Bank.
    2. Visser, H., 1990. "Crowding out and the government budget," Serie Research Memoranda 0006, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

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