A contemporary investigation of causality between the primary government budget deficit and the ex ante real long term interest rate in the US
Using error-correction model (ECM) estimation, this study empirically examines, for theUS, the causality relationship between the federal government budget deficitand the ex ante real long term interest rate. The system includes personal federal income tax rates, the M2 money supply, the unemploymen...
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Format: | Article |
Language: | English |
Published: |
Associazione Economia civile
2002-12-01
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Series: | PSL Quarterly Review |
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Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9917/9799 |