Presentation Title: What Nations Pay to Borrow
Section: Market Effects I
Location: McCardell Bicentennial Hall, 338
Date & Time: Friday, April 19, 2013 - 9:55pm - 10:10pm
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 nationsâ€” 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
Presentation Area: Economics
Number of presenters:
Presenter(s): Pomerance, Justin Nathaniel
Class Year(s): 2013
Sponsor(s): Maluccio, John A.
Dept(s): Economics (Thesis)