An empirical analysis of the impact of federal budget deficits on long‐term nominal interest rate yields, 1973.2–1995.4, using alternative expected inflation measures

Richard Cebula ()

Review of Financial Economics, 1998, vol. 7, issue 1, 55-64

Abstract: Using two alternative measures of expected inflation, this study investigates the impact of federal budget deficits on nominal long‐term interest rate yields for the 1973.2–1995.4 period. Based on an open‐economy loanable funds framework, four instrumental variable estimates in first differences are provided. In all cases, the budget deficit is found to elevate the nominal long‐term interest rate.

Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1016/S1058-3300(99)80145-1

Related works:
Journal Article: An empirical analysis of the impact of federal budget deficits on long-term nominal interest rate yields, 1973.2-1995.4, using alternative expected inflation measures (1998)
Working Paper: An Empirical Analysis of the Impact of Federal Budget Deficits on Long-term Nominal Interest Rate Yields, 1973.2-1995.4, Using Alternative Expected Inflation Measures (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:revfec:v:7:y:1998:i:1:p:55-64

Access Statistics for this article

More articles in Review of Financial Economics from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().