Crowding Out, Deficits, and Interest Rates: Reply
This 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.
|Date of creation:||08 May 1987|
|Date of revision:|
|Publication status:||Published in Public Choice 1.58(1988): pp. 95-97|
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- Richard Cebula, 1987.
"Federal deficits and the real rate of interest in the United States: A note,"
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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