Budget Deficits and Long-Term Interest Rates in Japan
Khurshid M. Kiani & Toshihiro Uchida · Journal of Economics, Management and Trade · 2013
The effect of budget deficits on the economy is one of the most important unresolved issues in public economics and macroeconomics. Based on a simple loanable funds model that describes the relationship between budget deficits and long-term interest rates, this study empirically...
Open access
Research Article
10.9734/BJEMT/2013/5146