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The Impact of Government Budget Deficits mi Ex Post Real Long Terra Interest Rates in the United Kingdom, 1960: 1 - 1990: 2

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This paper investigates the effete of government budget deficits on ex post real long term interest rates utilizing au open or eloped economy IS-LM framework. Based on the United Kingdom quarterly data from 1960: 1 to 1990: 2, the empirical results indicate that the coefficient of government budget deficits exerts a significant and positive effect upon ex post real long term interest rates. This implies that high ex post real long term interest rates, as a result of high government budget deficits, would crowd out private investment and hinder capital formation and long term economic growth.

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  • Al-Saji, Amer K., 1992. "The Impact of Government Budget Deficits mi Ex Post Real Long Terra Interest Rates in the United Kingdom, 1960: 1 - 1990: 2," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 45(2), pages 158-163.
    • Handle: RePEc:ris:ecoint:0457
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    Cited by:

    1. Cebula, Richard J., 2014. "Preliminary Evidence on the Impact of Budget Deficits on the Nominal Interest Rate Yield on Ten-Year U.S. Treasury Notes after Allowing for Adoption of Monetary Policies Involving "Quantitative E," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 67(2), pages 181-200.
    2. Richard J. Cebula, 2013. "Budget Deficits, Economic Freedom, and Economic Growth in OECD Nations: P2SLS Fixed-Effects Estimates, 2003–2008," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 28(Spring 20), pages 75-96.
    3. Richard Cebula, 1999. "Budget deficits, capital flows, and long-term interest rates: Cointegration findings for the united kingdom," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(4), pages 489-495, November.

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