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Impact of Budget Deficits and International Capital Flows on Money Demand: Evidence from Conintergration and Error-Correction Model

P Kalulumia and A-M Lukusa

Cahiers de recherche from Departement d'économique de l'École de gestion à l'Université de Sherbrooke

Abstract: This paper examines the impact of government deficits on interest rates, indirectly, through the effect of deficits on money demand in the United States, Germany, the United Kingdom and Canada.

Keywords: MONEY; MONEY MARKET; DEFICIT; PUBLIC DEBT (search for similar items in EconPapers)
JEL-codes: E41 H62 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:shr:wpaper:96-02

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