Crowding out, deficits, and interest rates: Reply
AbstractSpector and Van Cott argue that ‘... statistical significance of the relationship between interest rates and the deficit is irrelevant for the question of crowding out.’ This Reply in turn argues that studies of the impact of deficits upon interest rates may be very useful in determining whether (and perhaps how) crowding out occurs and that additional empirical analysis involving the interest sensitivity of commodity demand is necessary to then quantify the actual degree of crowding out. Copyright Kluwer Academic Publishers 1988
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 58 (1988)
Issue (Month): 1 (July)
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Web page: http://www.springerlink.com/link.asp?id=100332
Other versions of this item:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- H69 - Public Economics - - National Budget, Deficit, and Debt - - - Other
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cebula, Richard, 1986.
"Federal Deficits and the Real Rate of Interest in the United States: A Note,"
51626, University Library of Munich, Germany.
- Richard Cebula, 1987. "Federal deficits and the real rate of interest in the United States: A note," Public Choice, Springer, vol. 53(1), pages 97-100, January.
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