The effect of federal deficits and debt on the tax-adjusted, short-term, real interest rate
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Stuart D. Allen, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: The stock versus flow effect of the federal debt/deficit on a real interest rate is examined in a reduced-form equation. The evidence shows a positive and significant linkage between the federal debt and an ex-post, tax-adjusted, short-term, real interest rate.
The effect of federal deficits and debt on the tax-adjusted, short-term, real interest rate
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Created on 11/5/2010
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Additional Information
- Publication
- Economics Letters, 34(2), 1990, 169-173.
- Language: English
- Date: 1990
- Keywords
- Deficits, Federal budget, Debt, Interest rates