Middlebury

 

Presentation Title: What Nations Pay to Borrow

Section: Market Effects I

Location: , 338

Date & Time: Friday, April 19, 2013 - 9:55pm - 10:10pm

Abstract:

When a government decides to spend more money than it makes in taxes, it must borrow money from whoever will lend to it to close the gap. This project is a inquiry into what determines the cost of that borrowing for sovereign nations— while the media is fixated on reducing the national debt and deficit, this project finds that maintaining long-term fiscal sustainability may be more complicated. Based on a series of regressions, various macroeconomic fundamentals (Debt, Deficit, Per Capita GDP, GDP Growth Rate, etc.) are empirically tested to find out if borrowing costs for economically developed nations are reflective of what theory suggests they should be.

Type of Presentation: Individual oral

Oral presenters
Presentation Area: Economics

Presentation Topic: Finance

Arts presenters
Format: 

Class Project
Course name: 
Course Instructor: 
Number of presenters: 

Presenter Information
Presenter(s): Pomerance, Justin Nathaniel
Major(s): Economics
Class Year(s): 2013

Sponsor(s): Maluccio, John A.
Dept(s): Economics (Thesis)

Moderator: ,