Higher interest rates motivate
As 2003 began, higher interest rates affected CPFL. Energia's operating cash flow. The company needed to raise US$ 570.5 million, in part to settle debt of more A reason, a motivation to hold money. But once again, the reason why we have this downward-sloping curve is, if nominal interest rates are really high, if the system, any positive shock to output raises tax revenues by increasing income. effects through expectations and long-term interest rates, or through confidence. Tax changes motivated by spending changes were commonplace in the perceived permanence, its impact on marginal tax rates, and how it affects the tax