{"id":"https://openalex.org/W2921798733","doi":"https://doi.org/10.1111/kykl.12207","title":"The Impact of Government Borrowing Costs on Fiscal Discipline","display_name":"The Impact of Government Borrowing Costs on Fiscal Discipline","publication_year":2019,"publication_date":"2019-03-15","ids":{"openalex":"https://openalex.org/W2921798733","doi":"https://doi.org/10.1111/kykl.12207","mag":"2921798733"},"language":"en","primary_location":{"id":"doi:10.1111/kykl.12207","doi":"https://doi.org/10.1111/kykl.12207","is_oa":true,"landing_page_url":"https://doi.org/10.1111/kykl.12207","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/kykl.12207","source":{"id":"https://openalex.org/S91661715","display_name":"Kyklos","issn_l":"0023-5962","issn":["0023-5962","1467-6435"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kyklos","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/kykl.12207","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048673681","display_name":"O\u013cegs Tka\u010devs","orcid":"https://orcid.org/0000-0001-6233-1153","observed_orcids":["https://orcid.org/0000-0001-6233-1153"]},"institutions":[{"id":"https://openalex.org/I2831913","display_name":"Bank of Latvia","ror":"https://ror.org/000cf1839","country_code":"LV","type":"other","lineage":["https://openalex.org/I2831913"]}],"countries":["LV"],"is_corresponding":true,"raw_author_name":"O\u013cegs Tka\u010devs","raw_affiliation_strings":["Monetary Policy Department , Bank of Latvia , Kr. Valdemara iela 2a LV-1050 Riga , Latvia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Monetary Policy Department , Bank of Latvia , Kr. Valdemara iela 2a LV-1050 Riga , Latvia","institution_ids":["https://openalex.org/I2831913"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5050700589","display_name":"K\u0101rlis Vilerts","orcid":"https://orcid.org/0000-0002-5976-6508","observed_orcids":["https://orcid.org/0000-0002-5976-6508"]},"institutions":[{"id":"https://openalex.org/I2831913","display_name":"Bank of Latvia","ror":"https://ror.org/000cf1839","country_code":"LV","type":"other","lineage":["https://openalex.org/I2831913"]}],"countries":["LV"],"is_corresponding":true,"raw_author_name":"K\u0101rlis Vilerts","raw_affiliation_strings":["Monetary Policy Department , Bank of Latvia , Kr. Valdemara iela 2a LV-1050 Riga , Latvia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Monetary Policy Department , Bank of Latvia , Kr. Valdemara iela 2a LV-1050 Riga , Latvia","institution_ids":["https://openalex.org/I2831913"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5048673681","https://openalex.org/A5050700589"],"corresponding_institution_ids":["https://openalex.org/I2831913"],"apc_list":{"value":2800,"currency":"USD","value_usd":2800},"apc_paid":null,"fwci":3.2526,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":{"value":0.92383787,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"72","issue":"3","first_page":"446","last_page":"471"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13042","display_name":"Economic and Fiscal Studies","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/government-borrowing-costs","display_name":"government borrowing costs","score":0.9980000257492065},{"id":"https://openalex.org/keywords/fiscal-discipline","display_name":"fiscal discipline","score":0.9959999918937683},{"id":"https://openalex.org/keywords/low-interest-rates","display_name":"low interest rates","score":0.7599999904632568},{"id":"https://openalex.org/keywords/fiscal-policy-stance","display_name":"fiscal policy stance","score":0.921999990940094},{"id":"https://openalex.org/keywords/current-expenditure","display_name":"current expenditure","score":0.7870000004768372},{"id":"https://openalex.org/keywords/monetary-fiscal-policy-interaction","display_name":"monetary-fiscal policy interaction","score":0.5139999985694885}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8213186264038086},{"id":"https://openalex.org/C2992690401","wikidata":"https://www.wikidata.org/wiki/Q7257739","display_name":"Government expenditure","level":3,"score":0.6127969622612},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5995476245880127},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.5758998990058899},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.5675162672996521},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5379071831703186},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5331968665122986},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5005359649658203},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.45967936515808105},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4219406843185425},{"id":"https://openalex.org/C178283979","wikidata":"https://www.wikidata.org/wiki/Q274490","display_name":"Public finance","level":2,"score":0.23081088066101074},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/kykl.12207","doi":"https://doi.org/10.1111/kykl.12207","is_oa":true,"landing_page_url":"https://doi.org/10.1111/kykl.12207","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/kykl.12207","source":{"id":"https://openalex.org/S91661715","display_name":"Kyklos","issn_l":"0023-5962","issn":["0023-5962","1467-6435"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kyklos","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1111/kykl.12207","doi":"https://doi.org/10.1111/kykl.12207","is_oa":true,"landing_page_url":"https://doi.org/10.1111/kykl.12207","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/kykl.12207","source":{"id":"https://openalex.org/S91661715","display_name":"Kyklos","issn_l":"0023-5962","issn":["0023-5962","1467-6435"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kyklos","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2921798733.pdf","grobid_xml":"https://content.openalex.org/works/W2921798733.grobid-xml"},"referenced_works_count":46,"referenced_works":["https://openalex.org/W1491134967","https://openalex.org/W1503880164","https://openalex.org/W1517891995","https://openalex.org/W1534263535","https://openalex.org/W1546307463","https://openalex.org/W1558170109","https://openalex.org/W1567506710","https://openalex.org/W1588078700","https://openalex.org/W1607821206","https://openalex.org/W1854762498","https://openalex.org/W1879307863","https://openalex.org/W1965692576","https://openalex.org/W1966704563","https://openalex.org/W1969640601","https://openalex.org/W1975367040","https://openalex.org/W1977806896","https://openalex.org/W1985469166","https://openalex.org/W2000438566","https://openalex.org/W2016585563","https://openalex.org/W2033169855","https://openalex.org/W2053625815","https://openalex.org/W2054308523","https://openalex.org/W2111557483","https://openalex.org/W2123751910","https://openalex.org/W2128807177","https://openalex.org/W2145990909","https://openalex.org/W2152147980","https://openalex.org/W2152779343","https://openalex.org/W2155164605","https://openalex.org/W2156246875","https://openalex.org/W2158610845","https://openalex.org/W2168977710","https://openalex.org/W2172120792","https://openalex.org/W2529116473","https://openalex.org/W2552511774","https://openalex.org/W2604325726","https://openalex.org/W2955486058","https://openalex.org/W3021818265","https://openalex.org/W3022452335","https://openalex.org/W3121396359","https://openalex.org/W3121403162","https://openalex.org/W3122941783","https://openalex.org/W3124476939","https://openalex.org/W3125039890","https://openalex.org/W3125095280","https://openalex.org/W4210377742"],"related_works":["https://openalex.org/W2597070825","https://openalex.org/W7110706216","https://openalex.org/W4388499346","https://openalex.org/W2955784356","https://openalex.org/W3123467800","https://openalex.org/W3123039791","https://openalex.org/W2908672143","https://openalex.org/W2985449255","https://openalex.org/W2127257154","https://openalex.org/W7057282459"],"abstract_inverted_index":{"Summary":[0],"This":[1],"paper":[2],"studies":[3],"the":[4,14,34,51,54,96,118,126],"impact":[5,62],"of":[6,16,30,42,63,83,106],"government":[7,64],"borrowing":[8,65,77],"costs":[9,66,78],"on":[10,67],"fiscal":[11,84,148],"discipline":[12],"against":[13],"background":[15],"unprecedentedly":[17],"low":[18],"interest":[19,140],"rates":[20,141],"in":[21,76,95,138],"advanced":[22],"economies":[23],"brought":[24],"about":[25],"by":[26,103],"ultra\u2010expansionary":[27],"monetary":[28,134],"policies":[29],"recent":[31],"years.":[32],"Applying":[33],"panel":[35],"data":[36],"econometric":[37],"approach":[38],"for":[39,147],"a":[40,57,74,81,104],"sample":[41],"OECD":[43],"and":[44,59,113],"11":[45],"early":[46],"euro":[47,97],"area":[48,98],"countries":[49,112],"over":[50],"period":[52],"1985\u20132015,":[53],"study":[55],"suggests":[56],"positive":[58],"statistically":[60],"significant":[61],"cyclically":[68],"adjusted":[69],"primary":[70],"balances,":[71],"indicating":[72],"that":[73,92,133],"decrease":[75],"leads":[79],"to":[80,100,115],"deterioration":[82],"policy":[85,128,135],"stance.":[86],"The":[87],"findings":[88,131],"herein":[89],"also":[90],"suggest":[91],"this":[93],"effect":[94],"seems":[99],"be":[101],"driven":[102],"group":[105],"its":[107],"peripheral":[108],"rather":[109],"than":[110],"core":[111],"appears":[114],"work":[116],"through":[117],"expenditure":[119],"(more":[120],"specifically,":[121],"current":[122],"expenditure)":[123],"channel.":[124],"From":[125],"economic":[127],"perspective,":[129],"these":[130],"imply":[132],"measures":[136],"resulting":[137],"ultra\u2010low":[139],"may":[142],"cause":[143],"negative":[144],"side":[145],"effects":[146],"discipline.":[149]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2019-03-22T00:00:00"}
