Adji, Artidiatun; Alm, James - In: Journal of contemporary economic and business issues 3 (2016) 1, pp. 5-31
likely to have significant impacts on consumption, interest rates, and the current account. Empirical tests of these … on three empirical tests: effects on consumption, on interest rates, and on the current account balance. We find, across … results generally indicate that debt finance will increase the interest rate, will increase current consumption at the expense …