Add to ORKGWe extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore interactions to explain some of the heterogeneity in the literature; and apply system GMM. There is overall a highly significant positive effect of budget deficits on interest rates, but the effect depends on interaction terms and is only significant under one of several conditions: deficits are high, mostly domestically financed, or interact with high domestic debt; financial openness is low; interest rates are liberalized; or financial depth is low.Budget deficits;Interest rates;inflation, budget deficit, fiscal policy, money supply, nominal interest rat...
This paper provides new evidence that sustained budget deficits reduce national saving and raise int...
Additional empirical research on the links between budget deficits and interest rates Is highly rele...
The deficit ofthe federal budget dominates attention of the public arena. The process began with Pre...
We extend the literature on budget deficits and interest rates in three ways: we examine both advanc...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper provides evidence on the response of interest rates to Federal budget deficits. A simple ...
This empirical note investigates the impact of the federal budget deficit upon the nominal long term...
The persistence of large federal government deficits has stimulated interest in investigating the im...
The deficit of the Federal budget dominates the attention of the public arena. The process began wit...
The dissertation discusses the impact of fiscal policy on the economy and the interaction between mo...
The relationship between budget deficits and macroeconomic variables (such as growth, interest rates...
The relationship of Federal deficits and market interest rates has been the central theme of much re...
Do government budget deficits raise interest rates and thus “crowd out” private investment? This que...
The budget deficit problem should be included into the sphere of the State real economic role. In th...
This article revisits whether budget deficits affect interest rates, and broadens the literature by ...
This paper provides new evidence that sustained budget deficits reduce national saving and raise int...
Additional empirical research on the links between budget deficits and interest rates Is highly rele...
The deficit ofthe federal budget dominates attention of the public arena. The process began with Pre...
We extend the literature on budget deficits and interest rates in three ways: we examine both advanc...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper provides evidence on the response of interest rates to Federal budget deficits. A simple ...
This empirical note investigates the impact of the federal budget deficit upon the nominal long term...
The persistence of large federal government deficits has stimulated interest in investigating the im...
The deficit of the Federal budget dominates the attention of the public arena. The process began wit...
The dissertation discusses the impact of fiscal policy on the economy and the interaction between mo...
The relationship between budget deficits and macroeconomic variables (such as growth, interest rates...
The relationship of Federal deficits and market interest rates has been the central theme of much re...
Do government budget deficits raise interest rates and thus “crowd out” private investment? This que...
The budget deficit problem should be included into the sphere of the State real economic role. In th...
This article revisits whether budget deficits affect interest rates, and broadens the literature by ...
This paper provides new evidence that sustained budget deficits reduce national saving and raise int...
Additional empirical research on the links between budget deficits and interest rates Is highly rele...
The deficit ofthe federal budget dominates attention of the public arena. The process began with Pre...