The existence of large federal budget deficits in the U.S., especially in recent years, raises the specter of concern regarding their potential effects on real interest rates (as well as economic growth and capital formation). This study provides current and new empirical evidence on the impact...

This study empirically identifies factors that influenced geographic differentials in the bank closing rate in the United States over the period 1982 through 1990. Given the presence of censored data, the model adopts the tobit estimation procedure. The bank closing rate in a state is found to...

This study empirically investigates whether the assumption by the Bank of England that rising prices of imported crude oil lead to domestic inflation in the United Kingdom has had validity. In a model where real GDP growth and money stock growth are both all allowed for, empirical estimation...

This study seeks to identify the key factors that influence the inflation rate of health care services. The time series analysis covers the period from 1960-1994. The results provide insights into both demand-side and supply-side determinants of this inflation rate. The health care inflation...

This study has questioned the use of single-equation estimates so common in the analysis of the Phillips curve relation. The analysis in Section II and the empirical results in both Sections III and IV suggest that further research on the Phillips curve relation should consider the merits of...

This study adopts a loanable funds model to investigate the impact of budget deficits in the U.S. on long term real interest rates. The study investigates both ex post real 10 year Treasury note yields and ex post real 20 year Treasury bond yields. The study period runs from 1955 through 1987,...

This study empirically investigates determinants of enlistment in the U.S. Army over the period 1974 through 2008. The emphasis is on the impacts of both the availability of free medical care and the challenges of addressing higher medical care inflation. The study estimates reveal that the...

Long term corporate planning and the effective pursuit of profits require, among other things, an understanding by management of the factors that influence the cost of borrowing. This study empirically identifies key factors that influence the cost of borrowing for U.S. firms, which cost is...

This paper seeks to empirically analyze the determinants of the business failure rate, i.e., the proportion of businesses that fail. This issue is of obvious importance due to its ramifications for resource allocation, especially that of financial capital, physical capital, and labor. This...

This study empirically investigates whether the assumption of the monetary authority in pre-2000 Germany that rising prices of imported crude oil would lead to domestic inflation in Germany had validity. In a model where unemployment rate changes, money stock growth, and wage growth are all...