The impact of federal budget deficits on movements in the stock market: Evidence from Australia and France

Applied Economics Letters

Volumn 5, Issue 10, 1998, Pages 649-651

  Ewing, Bradley T ^a  

^a GEORGIA SOUTHERN UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0007011635     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/135048598354348     Document Type: Article

References (11)

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3. Darrat, A.F. (1990) Structural federal deficits and interest rates: some causality and co-integration tests, Southern Economic Journal, 56, 752-59.
4. Darrat, A.F. and Brocato, J. (1994) Stock market efficiency and the federal budget deficit: another anomaly? The Financial Review, 29(1), 49-75.
5. Engle, R.F. and Granger, C.W.J. (1987) Cointegration and error-correction: representation, estimation, and testing, Econometrica, 55,251-76.
6. Findlay, D.W. (1990) Budget deficits, expected inflation, and shortterm real interest rates: evidence from the US, International Economic Journal, 4, 41-53.
7. Johansen, S. (1988) Statistical analysis of cointegrated vectors, Journal of Economic Dynamics and Control, 12, 231-54.
8. Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in Gaussian autoregressive models, Econometrica, 59, 1551-80.
9. MacKinnon, J.G. (1991) Critical values for cointegration tests, in Long-Run Econometric Relationships: Readings in Cointegration (Eds) R.F. Engle and C.W.J. Granger, Oxford Press, New York, pp. 266-76.
10. Mascaro, A. and Meltzer, A.H. (1983) Long- and short-term interest rates in a risky world, Journal of Monetary Economics, 12, 485-528.
11. Wachtel, P. and Young, J. (1987) Deficit announcements and interest rates, American Economic Review, 54, 725-31.