...Riya Bindra; Amrendra Pandey Purpose The consequences of fiscal deficit on interest rate are a debatable issue. This study examines the differential impact of fiscal deficit on quantiles of interest rates depending on the different economic conditions by utilizing monthly data from January 2004...

...Riya Bindra; Amrendra Pandey; Pooja Misra; Jagdish Shettigar Purpose It is generally believed that business spending on capital expenditure tends to decrease as interest rates rise, and vice versa, this is not always the case. The previous literature produces inconclusive results vis-à-vis...

... The authors focus on the capital misallocation effects, scale effects and labor misallocation effects. To this end, the authors study how real interest rate shocks, real exchange rate shocks, real wage shocks and changes in labor regulation affected TFP in major European countries over the last decades...

...Salvatore Capasso; Oreste Napolitano; Ana Laura Viveros Jiménez Purpose The purpose of this paper is to analyse the long-term nature of the interrelationship between interest rate and exchange rate. Design/methodology/approach By employing Mexican data, the authors estimate a non-linear...

...Gabriel Caldas Montes; Cristiane Gea Purpose The evidence concerning the effects of the inflation targeting (IT) regime as well as greater central bank transparency on monetary policy interest rates is not conclusive, and the following questions remain open. What is the effect of adopting...