Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students...

This study empirically investigates the impact of the federal budget deficit on the nominal interest rate yields on seven and ten year treasury notes over the 1992–2003 period. To measure the budget deficit, the primary budget deficit, which excludes net interest payments by the treasury,...