Crowding Out, Deficits, and Interest Rates: Reply
AbstractThis Note endeavors to illustrate the relevance of the impact of the budget deficit upon the interest rate to the issue of crowding out. It is argued that empirical studies of the impact of deficits upon interest rates may be very useful in determining whether (and how) crowding out occurs, but that additional empirical analysis involving the interest sensitivity of commodity market demand is needed to then determine the degree of crowding out.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 51628.
Date of creation: 08 May 1987
Date of revision:
Publication status: Published in Public Choice 1.58(1988): pp. 95-97
budget deficits; crowding out; interest rates;
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.:
- Richard Cebula, 1987.
"Federal deficits and the real rate of interest in the United States: A note,"
Public Choice, Springer,
Springer, vol. 53(1), pages 97-100, January.
- Cebula, Richard, 1986. "Federal Deficits and the Real Rate of Interest in the United States: A Note," MPRA Paper 51626, University Library of Munich, Germany.
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