Impact of budget deficits on ex post real long-term interest rates

Richard Cebula ()

Applied Economics Letters, 2000, vol. 7, issue 3, 177-179

Abstract: The study investigates the impact of budget deficits on ex post real long-term interest rates over the 1973-1995 period, thereby addressing an interest rate measure and time period, i.e. beyond the mid-to late-1980s, that have received only limited attention in the literature. The instrumented variables (IV) estimate provides strong evidence that budget deficits do raise the long-term real ex post rate of interest.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:7:y:2000:i:3:p:177-179

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DOI: 10.1080/135048500351744

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