THE IMPACT OF GOVERNMENT DEBT ISSUANCE ON SHORT-TERM INTEREST RATES IN INDONESIA*
This paper analyzes whether the expansionary fiscal policy funded by issuing debt instruments in financial markets will increase short-term interest rates. If the expansionary fiscal policy increases interest rates, which decrease private spending especially investment, crowding out occurs. This is...
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[Yogyakarta] : Universitas Gadjah Mada
2009
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