IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0268.html
   My bibliography  Save this article

U.S. Federal Budget Deficits: An Exploratory Empirical Note on Determining Factors during the Carter and Reagan Administrations

Author

Listed:

Abstract

This study empirically finds that the U.S. federal budget deficit during the years of the Carter and Reagan Administrations was an increasing function of the unemployment rate, the nominal 20-year Treasury bond interest rate yield, and federal government purchases of goods and services and a decreasing function of the maximum marginal federal personal income tax rate. Among other things, the results suggest, given the findings of previous studies, the possibility of a bi-directional relationship between budget deficits and long-term nominal interest rates.

Suggested Citation

  • Cebula , Richard J. & Kock, James V., 1999. "U.S. Federal Budget Deficits: An Exploratory Empirical Note on Determining Factors during the Carter and Reagan Administrations," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 52(3), pages 309-315.
    • Handle: RePEc:ris:ecoint:0268
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0268. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angela Procopio (email available below). General contact details of provider: https://edirc.repec.org/data/cacogit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.