The Impact of Government Budget Deficits mi Ex Post Real Long Terra Interest Rates in the United Kingdom, 1960: 1 - 1990: 2

Amer K. Al-Saji
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Amer K. Al-Saji: William Rainey Harper College, Postal: 1200 W. Algonquin Road Palatine, IL 60067, USA, http://goforward.harpercollege.edu/

Economia Internazionale / International Economics, 1992, vol. 45, issue 2, 158-163

Abstract: This paper investigates the effete of government budget deficits on ex post real long term interest rates utilizing au open or eloped economy IS-LM framework. Based on the United Kingdom quarterly data from 1960: 1 to 1990: 2, the empirical results indicate that the coefficient of government budget deficits exerts a significant and positive effect upon ex post real long term interest rates. This implies that high ex post real long term interest rates, as a result of high government budget deficits, would crowd out private investment and hinder capital formation and long term economic growth.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0457

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