Munich Personal RePEc Archive

Interest Rates and the Net Deficit of All Government Levels Combined: An Empirical Note

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.

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