Working Paper No. 811 July 14, 2014

If Deficits Are Not the Culprit, What Determines Indian Interest Rates?

An Evaluation Using the Maximum Entropy Bootstrap Method

by Lekha S. Chakraborty, Hrishikesh Vinod, and Honey Karun

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Bard College
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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.