Crowding Out, Deficits, and Interest Rates: Reply

This Note endeavors to illustrate the relevance of the impact of the budget deficit upon the interest rate to the issue of crowding out. It is argued that empirical studies of the impact of deficits upon interest rates may be very useful in determining whether (and how) crowding out occurs, but that additional empirical analysis involving the interest sensitivity of commodity market demand is needed to then determine the degree of crowding out.

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Year of publication:	1987-05-08
Authors:	Cebula, Richard
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	budget deficits \| crowding out \| interest rates

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Public Choice 1.58(1988): pp. 95-97
Classification:	G12 - Asset Pricing ; H62 - Deficit; Surplus ; H69 - National Budget, Deficit, and Debt. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011260629