Ex Ante Real Long-Term Interest Rates and U.S. Federal Budget Deficits: Preliminary Error-Correction Evidence, 1971-1991

Richard Cebula () and Ira S. Saltz ()
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Ira S. Saltz: College of Business Administration University of Central Arkansas, Postal: 201 Donaghey Avenue, Conway, AR 72035 USA, http://www.uca.edu/

Economia Internazionale / International Economics, 1998, vol. 51, issue 2, 163-169

Abstract: This study uses causality tests to determine the direction of causality between U.S. federal budget deficits and ex ante real long-term interest rates. For the 1971-1991 period, it is found that the ex ante real long-term interest rate may cause the structural budget deficit.

JEL-codes: H60 H62 (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0303

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