Cebula, Richard J. - In: Economia Internazionale / International Economics 67 (2014) 2, pp. 181-200
This study provides current, new empirical evidence on the impact of the U.S. federal budget deficit on the nominal interest rate yield on nominal ten-year U.S. Treasury notes. The study is couched within an open loanable funds model that includes an ex ante real short term real interest rate...