EconPapers    
Economics at your fingertips  
 

The Effect of Government Debt on Interest Rates: Working Paper 2019-01

Edward Gamber and John Seliski

No 55018, Working Papers from Congressional Budget Office

Abstract: Under current law, the level of federal debt relative to gross domestic product (GDP) is projected to rise significantly over the next decade. The relationship between debt and interest rates plays a key role in CBO's economic and budget projections (especially long-term projections) and for dynamic analyses of fiscal policy, where the sensitivity of interest rates with respect to changes in the level of debt is vitally important. In this analysis, we use a reduced-form regression to estimate the relationship between projected federal debt and expected long-term

JEL-codes: E43 E60 E62 H60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2019-03-14
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.cbo.gov/system/files/2019-03/55018-Debt%20Rates%20WP.pdf (application/pdf)

Related works:
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:cbo:wpaper:55018

Access Statistics for this paper

More papers in Working Papers from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-04-27
Handle: RePEc:cbo:wpaper:55018