365
Views
19
CrossRef citations to date
0
Altmetric
Original Articles

A Keynesian explanation of Indian government bond yields

References

  • Akram, T. “The Economics of Japan’s Stagnation.” Business Economics, 2014, 49 (3), 156–175.
  • Akram, T., and Das, A. “Understanding the Low Yields of the Long-Term Japanese Sovereign Debt.” Journal of Economic Issues, 2014a, 48 (2), 331–340.
  • ———. “The Determinants of Long-Term Japanese Government Bonds’ Low Nominal Yields.” Levy Economics Institute of Bard College, Working Paper no. 818 (October 2014b) (available at www.levyinstitute.org/pubs/wp_818.pdf; accessed August 31, 2015).
  • ———. “Does Keynesian Theory Explain Indian Government Bond Yields?” Levy Economics Institute of Bard College, Working Paper no. 834 (March 2015) (available at www.levyinstitute.org/pubs/wp_834.pdf; accessed August 31, 2015).
  • Baldacci, E., and Kumar, M. “Fiscal Deficits, Public Debt, and Sovereign Bond Yields.” IMF Working Paper 10/184 (2010) (available at www.imf.org/external/pubs/ft/wp/2010/wp10184.pdf; accessed August 31, 2014).
  • Baum, C.F.; Schaffer, M.E.; and Stillman, S. “Instrumental Variables and GMM: Estimation and Testing.” Stata Journal, 2003, 3 (1), 1–31.
  • Bindseil, U. Monetary Policy Implementation: Theory, Past, and Present. Oxford: Oxford University Press, 2004.
  • Cassel, G. The Nature and Necessity of Interest. London: Macmillan, 1903.
  • Dickey, D.A., and Fuller, W.A. “Distribution of the Estimators for Autoregressive Time Series with a Unit Root.” Journal of the American Statistical Association, 1979, 74 (366), 427–431.
  • ———. “Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root.” Econometrica, 1981, 49 (4), 1057–1072.
  • Fullwiler, S. “Modern Central Bank Operations: The General Principles.” 2008 (available at http://ssrn.com/abstract=1658232 (accessed May 29, 2014).
  • Greene, W.H. Econometric Analysis. 5th ed. Upper Saddle River, NJ: Prentice Hall, 2003.
  • Gruber, J.W., and Kamin, S.B. “Fiscal Positions and Government Bond Yields in OECD Countries.” Journal of Money, Credit, and Banking, 2012, 44 (8), 1563–1587.
  • Hansen, L.P. “Large Sample Properties of Generalized Method of Moments Estimators.” Econometrica, 1982, 50 (4), 1029–1054.
  • Jácome, L.I.; Matamoros-Indorf, M.; Sharma, M.; and Townsend, S. “Central Bank Credit to the Government: What Can We Learn from International Practices?” IMF Working Paper no. 12/16 (2012) (available at www.imf.org/external/pubs/ft/wp/2012/wp1216.pdf; accessed August 31, 2015).
  • Keynes, J.M. A Treatise on Money, Vol. II: The Applied Theory of Money. London: Macmillan, 1930.
  • ———. The General Theory of Employment, Interest and Money. New York: Palgrave Macmillan, 2007 [1936].
  • Kregel, J. “Was Keynes’ Monetary Policy À Outrance in the Treatise, a Forerunner of ZIRP and QE? Did He Change His Mind in the General Theory?” Levy Economics Institute of Bard College, Policy Note no. 4 (2011) (available at www.levyinstitute.org/pubs/pn_11_04.pdf accessed May 29, 2014).
  • Lam, R.W., and Tokuoka, K. “Assessing the Risks to the Japanese Government Bond (JGB) Market.” IMF Working Paper no. 11/292 (2011) (available at www.imf.org/external/pubs/ft/wp/2011/wp11292.pdf; accessed August 31, 2015).
  • Marshall, A. Principles of Economics. London: Macmillan, 1890.
  • Phillips, P.C.B., and Perron, P. “Testing for a Unit Root in Time Series Regression.” Biometrika, 1988, 75 (2), 335–346.
  • Poghosyan, T. “Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies.” IMF Working Paper no. 12/271 (2012) (available at www.imf.org/external/pubs/ft/wp/2012/wp12271.pdf; accessed August 31, 2015).
  • Riefler, W.W. Money Rates and Money Markets in the United States. New York: Harper, 1930.
  • Sims, C. “Paper Money.” American Economic Association Presidential Lecture, 2013a (available at http://sims.princeton.edu/yftp/PaperMoney/PaperMoneySlides.pdf; accessed March 23, 2013).
  • ———. “Paper Money.” American Economic Review, 2013b, 103 (2), 563–584.
  • Taussig, F.W. Principles of Economics. Vol. 2, 2nd rev. ed. New York: Macmillan, 1918.
  • Tcherneva, P.R. “Bernanke’s Paradox: Can He Reconcile His Position on the Federal Budget with His Recent Charge to Prevent Deflation?” Journal of Post Keynesian Economics, 2011, 33 (3), 411–434.
  • Thomson Reuters EcoWin. Thomson Reuters EcoWin, subscription service, various years. (accessed October 1, 2014).
  • Tokuoka, K. “Intergenerational Implications of Fiscal Consolidation in Japan.” IMF Working Paper no. 12/197 (2012) (available at www.imf.org/external/pubs/ft/wp/2012/wp12197.pdf; accessed August 31, 2015).
  • Tymoigne, E. “Public Debt and Monetary Sovereignty in the U.S: Myths and Realities.” Paper presented at the Allied Social Science Associations annual meeting, San Diego, CA, January 4–6, 2013.
  • Veneroso, F. “Bubble Valuation? Do We Have a Stock Market Bubble Again?” Paper presented at the Twenty-Third Annual Hyman P. Minsky Conference, Washington, DC, April 9–10, 2014.
  • Woodford, M. “Fiscal Requirements for Price Stability.” Journal of Money, Credit and Banking, 2001, 33 (3), 669–728.
  • Wray, L.R. Understanding Modern Money: The Key to Full Employment and Price Stability. Cheltenham, UK: Edward Elgar, 2003.
  • ———. Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems. New York: Palgrave Macmillan, 2012.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.