Using two alternative measures of expected inflation, this study investigates the impact of federal budget deficits on nominal long-term interest rate yields for the 1973.2-1995.4 period. Based on an open economy loanable funds framework, four instrumental variable estimates in first differences are provided. In all cases, the budget deficit is found to elevate the nominal long-term interest rate
The purpose of this study is to examine the impact of federal budget deficits upon the nominal long ...
The empirical results obtained in this study suggest that, in the United States, a rise in the real ...
This paper provides evidence on the response of interest rates to Federal budget deficits. A simple ...
Using two alternative measures of expected inflation, this study investigates the impact of federal ...
This empirical note investigates the impact of the federal budget deficit upon the nominal long term...
This study investigates the impact of the U.S. federal budget deficit on ex ante real long-term inte...
This study investigates the impact of the U.S. federal budget deficit on ex ante real long-term inte...
Using over a half century of data, this empirical study adopts a simple loanable funds to investigat...
Using over a half century of data, this empirical study adopts a simple loanable funds to investigat...
Using over a half century of data, this empirical study adopts a simple loanable funds to investigat...
This study provides recent empirical evidence on the impact of the federal budget deficit on the nom...
The purpose of this study is to examine the impact of federal budget deficits upon the nominal long ...
The persistence of large federal government deficits has stimulated interest in investigating the im...
This study adopts a loanable funds model to investigate the impact of budget deficits in the U.S. on...
The study investigates the impact of budget deficits on ex post real long-term interest rates over t...
The purpose of this study is to examine the impact of federal budget deficits upon the nominal long ...
The empirical results obtained in this study suggest that, in the United States, a rise in the real ...
This paper provides evidence on the response of interest rates to Federal budget deficits. A simple ...
Using two alternative measures of expected inflation, this study investigates the impact of federal ...
This empirical note investigates the impact of the federal budget deficit upon the nominal long term...
This study investigates the impact of the U.S. federal budget deficit on ex ante real long-term inte...
This study investigates the impact of the U.S. federal budget deficit on ex ante real long-term inte...
Using over a half century of data, this empirical study adopts a simple loanable funds to investigat...
Using over a half century of data, this empirical study adopts a simple loanable funds to investigat...
Using over a half century of data, this empirical study adopts a simple loanable funds to investigat...
This study provides recent empirical evidence on the impact of the federal budget deficit on the nom...
The purpose of this study is to examine the impact of federal budget deficits upon the nominal long ...
The persistence of large federal government deficits has stimulated interest in investigating the im...
This study adopts a loanable funds model to investigate the impact of budget deficits in the U.S. on...
The study investigates the impact of budget deficits on ex post real long-term interest rates over t...
The purpose of this study is to examine the impact of federal budget deficits upon the nominal long ...
The empirical results obtained in this study suggest that, in the United States, a rise in the real ...
This paper provides evidence on the response of interest rates to Federal budget deficits. A simple ...