Cebula, Richard and Scott, Gerald (1991): Interest Rates and the Net Deficit of All Government Levels Combined: An Empirical Note. Published in: Atlantic Economic Journal , Vol. 20, No. 1 (29 April 1992): p. 104.
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Abstract
This empirical note studies the impact of the net budget deficits of all levels of government in the U.S. combined on ten-year Treasury notes for the study period 1955-1984. It is found that this total net budget deficit acted to elevate the yield on ten-year Treasury notes.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Interest Rates and the Net Deficit of All Government Levels Combined: An Empirical Note |
| English Title: | Interest Rates and the Net Deficit of All Government Levels Combined; An Empirical Note |
| Language: | English |
| Keywords: | net budget deficit; ten-year Treasury note yield |
| Subjects: | E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy H - Public Economics > H6 - National Budget, Deficit, and Debt > H62 - Deficit ; Surplus |
| Item ID: | 49425 |
| Depositing User: | Richard Cebula |
| Date Deposited: | 02 Sep 2013 07:59 |
| Last Modified: | 27 Sep 2019 15:14 |
| References: | Council of Economic Advisors (1985) Economic Report of the President. Washington, D.C., U.S. Government Printing Office. Hoelscher, G (1986) New evidence on deficits and interest rates. Journal of Money, Credit and Banking 18: 1-17. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/49425 |
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