Belton, Willie; Cebula, Richard - Volkswirtschaftliche Fakultät, … - 1994
This study investigates the impact of federal budget deficits on both short-term and long-term interest rates from 1971 to 1984 within an open IS-IM model that includes net international capital inflows. Two time periods are examined using quarterly data: 1971.4 to 1984.4 and 1979.4 to 1984.4....