Federal Government Budget Deficits and Interest Rates: An Empirical Analysis for the United States, 1955-1984

Richard Cebula ()

Public Finance = Finances publiques, 1988, vol. 43, issue 3, 337-48

Abstract: This paper uses annual data to examine the impact of federal budget deficits in the United States upon interest rates. The model is framed in a loanable funds model. The model allows for international capital flows, inflationary expectations, and other factors. The finding is that federal budget deficits exercise a positive and significant impact upon a variety of interest rates.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pfi:pubfin:v:43:y:1988:i:3:p:337-48

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