메뉴 건너뛰기




Volumn 18, Issue 3, 1996, Pages 403-428

Do federal deficits affect interest rates? Evidence from three econometric methods

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0030517784     PISSN: 01640704     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0164-0704(96)80029-2     Document Type: Article
Times cited : (20)

References (41)
  • 2
    • 0345922297 scopus 로고
    • The effects of federal budget deficits on interest rates and the composition of domestic output
    • edited by Rudolph G. Penner, The Urban Institute
    • Barth, James, George Iden, Frank S. Russek, and Mark Wohar. "The Effects of Federal Budget Deficits on Interest Rates and the Composition of Domestic Output." In The Great Fiscal Experiment, edited by Rudolph G. Penner, 71-151. The Urban Institute, 1990.
    • (1990) The Great Fiscal Experiment , pp. 71-151
    • Barth, J.1    Iden, G.2    Russek, F.S.3    Wohar, M.4
  • 5
    • 85016078433 scopus 로고
    • The dynamic effects of aggregate demand and supply disturbances
    • September
    • Blanchard, Olivier Jean, and Danny Quah. "The Dynamic Effects of Aggregate Demand and Supply Disturbances." American Economic Review 79 (September 1989): 655-73.
    • (1989) American Economic Review , vol.79 , pp. 655-673
    • Blanchard, O.J.1    Quah, D.2
  • 6
    • 0002555764 scopus 로고
    • Are business cycles all alike?
    • edited by Robert J. Gordon, Chicago: University of Chicago Press
    • Blanchard, Olivier Jean, and Mark W. Watson. "Are Business Cycles All Alike?" In The American Business Cycle: Continuity and Change, edited by Robert J. Gordon, 123-56. Chicago: University of Chicago Press, 1986.
    • (1986) The American Business Cycle: Continuity and Change , pp. 123-156
    • Blanchard, O.J.1    Watson, M.W.2
  • 7
    • 0006752287 scopus 로고
    • Simplified extreme bounds
    • edited by C. W. J. Granger, Oxford: Oxford University Press
    • Breusch, Trevor S. "Simplified Extreme Bounds." In Modelling Economic Series, edited by C. W. J. Granger, 72-82. Oxford: Oxford University Press, 1990.
    • (1990) Modelling Economic Series , pp. 72-82
    • Breusch, T.S.1
  • 8
    • 84958839520 scopus 로고
    • A simple test for heteroscedasticity and random coefficient variation
    • September
    • Breusch, Trevor S., and Adrian R. Pagan. "A Simple Test for Heteroscedasticity and Random Coefficient Variation." Econometrica 47 (September 1979): 1287-94.
    • (1979) Econometrica , vol.47 , pp. 1287-1294
    • Breusch, T.S.1    Pagan, A.R.2
  • 9
    • 0001397560 scopus 로고
    • Pitfalls and opportunities: What macroeconomists should know about unit roots
    • Cambridge, MA: MIT Press
    • Campbell, John Y., and Pierre Perron. "Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots." NBER Macroeconomics Annual, 141-201. Cambridge, MA: MIT Press, 1991.
    • (1991) NBER Macroeconomics Annual , pp. 141-201
    • Campbell, J.Y.1    Perron, P.2
  • 10
    • 0000847273 scopus 로고
    • Atheoretical macroeconomics: A critique
    • November
    • Cooley, Thomas F., and Stephen F. LeRoy. "Atheoretical Macroeconomics: A Critique." Journal of Monetary Economics 16 (November 1985): 283-308.
    • (1985) Journal of Monetary Economics , vol.16 , pp. 283-308
    • Cooley, T.F.1    LeRoy, S.F.2
  • 11
    • 85036258669 scopus 로고
    • Distribution of the estimators for autoregressive time series with a unit root
    • June
    • Dickey, David A., and Wayne A. Fuller. "Distribution of the Estimators for Autoregressive Time Series with a Unit Root." Journal of the American Statistical Association 74 (June 1979): 427-31.
    • (1979) Journal of the American Statistical Association , vol.74 , pp. 427-431
    • Dickey, D.A.1    Fuller, W.A.2
  • 12
    • 0001800397 scopus 로고
    • A primer on cointegration with an application to money and income
    • March/April
    • Dickey, David A., Dennis W. Jansen, and Daniel L. Thornton. "A Primer on Cointegration with an Application to Money and Income." Federal Reserve Bank of St. Louis Review 73 (March/April 1991): 58-78.
    • (1991) Federal Reserve Bank of St. Louis Review , vol.73 , pp. 58-78
    • Dickey, D.A.1    Jansen, D.W.2    Thornton, D.L.3
  • 13
    • 84945763545 scopus 로고
    • Forecasting and conditional projection using realistic prior distributions
    • Doan, Thomas, Robert Litterman, and Christopher A. Sims. "Forecasting and Conditional Projection Using Realistic Prior Distributions." Econometric Reviews 3, 1 (1984): 1-100.
    • (1984) Econometric Reviews , vol.3 , Issue.1 , pp. 1-100
    • Doan, T.1    Litterman, R.2    Sims, C.A.3
  • 14
    • 0000051984 scopus 로고
    • Autoregressive conditional heteroscedasticity with estimates of the variance of United States inflation
    • July
    • Engle, Robert F. "Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United States Inflation." Econometrica 50 (July 1982): 987-1007.
    • (1982) Econometrica , vol.50 , pp. 987-1007
    • Engle, R.F.1
  • 15
    • 0000013567 scopus 로고
    • Co-integration and error correction: Representation, estimation, and testing
    • March
    • Engle, Robert F., and C. W. J. Granger. "Co-Integration and Error Correction: Representation, Estimation, and Testing." Econometrica 55 (March 1987): 251-76.
    • (1987) Econometrica , vol.55 , pp. 251-276
    • Engle, R.F.1    Granger, C.W.J.2
  • 17
    • 0000351727 scopus 로고
    • Investigating causal relations by econometric models and cross-spectral methods
    • July
    • Granger, C. W. J. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods." Econometrica 37 (July 1969): 424-38.
    • (1969) Econometrica , vol.37 , pp. 424-438
    • Granger, C.W.J.1
  • 18
    • 84981566273 scopus 로고
    • Developments in the study of cointegrated economic variables
    • August
    • _. "Developments in the Study of Cointegrated Economic Variables." Oxford Bulletin of Economics and Statistics 48 (August 1986): 213-28.
    • (1986) Oxford Bulletin of Economics and Statistics , vol.48 , pp. 213-228
  • 19
    • 0003410290 scopus 로고
    • Princeton, NJ: Princeton University Press
    • Hamilton, James D. Time Series Analysis. Princeton, NJ: Princeton University Press, 1994.
    • (1994) Time Series Analysis
    • Hamilton, J.D.1
  • 20
    • 0000900645 scopus 로고
    • Serial correlation as a convenient simplification, not a nuisance: A comment on a study of the demand for money by the Bank of England
    • September
    • Hendry, David F., and Grayham E. Mizon. "Serial Correlation as a Convenient Simplification, Not a Nuisance: A Comment on a Study of the Demand for Money by the Bank of England." Economic Journal 88 (September 1978): 549-63.
    • (1978) Economic Journal , vol.88 , pp. 549-563
    • Hendry, D.F.1    Mizon, G.E.2
  • 21
    • 0000488841 scopus 로고
    • Procrustean econometrics: Or stretching and squeezing data
    • edited by C. W. J. Granger, Oxford: Oxford University Press
    • _. "Procrustean Econometrics: Or Stretching and Squeezing Data." In Modelling Economic Series, edited by C. W. J. Granger, 121-36. Oxford: Oxford University Press, 1990.
    • (1990) Modelling Economic Series , pp. 121-136
  • 22
    • 0000284790 scopus 로고
    • The econometric analysis of economic time series
    • June
    • Hendry, David F., and Jean-François Richard. "The Econometric Analysis of Economic Time Series." International Statistical Review 51 (June 1983): 111-63.
    • (1983) International Statistical Review , vol.51 , pp. 111-163
    • Hendry, D.F.1    Richard, J.-F.2
  • 23
    • 0345510809 scopus 로고
    • Statistical analysis of cointegrated vectors
    • June/September
    • Johansen, Søren. "Statistical Analysis of Cointegrated Vectors." Journal of Economic Dynamics and Control 12 (June/September 1988): 231-54.
    • (1988) Journal of Economic Dynamics and Control , vol.12 , pp. 231-254
    • Johansen, S.1
  • 24
    • 84981579311 scopus 로고
    • Maximum likelihood estimation and inference in cointegration - With application to the demand for money
    • May
    • Johansen, Søren, and Katarina Juselius. "Maximum Likelihood Estimation and Inference in Cointegration - with Application to the Demand for Money." Oxford Bulletin of Economics and Statistics 52 (May 1990): 169-210.
    • (1990) Oxford Bulletin of Economics and Statistics , vol.52 , pp. 169-210
    • Johansen, S.1    Juselius, K.2
  • 25
    • 0001868915 scopus 로고
    • Structural approaches to vector autoregressions
    • September/October
    • Keating, John W. "Structural Approaches to Vector Autoregressions." Federal Reserve Bank of St. Louis Review 74 (September/October 1992): 37-57.
    • (1992) Federal Reserve Bank of St. Louis Review , vol.74 , pp. 37-57
    • Keating, J.W.1
  • 26
    • 0001043565 scopus 로고
    • Let's take the con out of econometrics
    • March
    • Learner, Edward E. "Let's Take the Con Out of Econometrics." American Economic Review 73 (March 1983): 31-44.
    • (1983) American Economic Review , vol.73 , pp. 31-44
    • Learner, E.E.1
  • 28
    • 0040504007 scopus 로고
    • What will take the con out of econometrics? A reply to McAleer, Pagan, and Volker
    • June
    • _. "What Will Take the Con Out of Econometrics? A Reply to McAleer, Pagan, and Volker." American Economic Review 76 (June 1986): 504-7.
    • (1986) American Economic Review , vol.76 , pp. 504-507
  • 29
    • 84980250856 scopus 로고
    • What will take the con out of econometrics?
    • June
    • McAleer, Michael, Adrian R. Pagan, and Paul A. Volcker. "What Will Take the Con Out of Econometrics?" American Economic Review 75 (June 1985): 293-307.
    • (1985) American Economic Review , vol.75 , pp. 293-307
    • McAleer, M.1    Pagan, A.R.2    Volcker, P.A.3
  • 30
    • 85004942195 scopus 로고
    • Are the twin deficits really related?
    • October
    • Miller, Stephen M., and Frank S. Russek. "Are the Twin Deficits Really Related?" Contemporary Policy Issues 7 (October 1989): 91-115.
    • (1989) Contemporary Policy Issues , vol.7 , pp. 91-115
    • Miller, S.M.1    Russek, F.S.2
  • 31
    • 84993845578 scopus 로고
    • Three econometric methodologies: A critical appraisal
    • January
    • Pagan, Adrian R. "Three Econometric Methodologies: A Critical Appraisal." Journal of Economic Surveys 1 (January 1987): 3-24.
    • (1987) Journal of Economic Surveys , vol.1 , pp. 3-24
    • Pagan, A.R.1
  • 32
    • 84963015112 scopus 로고
    • Multiple time series regression with integrated processes
    • Phillips, P., and S. Durlauf. "Multiple Time Series Regression with Integrated Processes." Review of Economic Studies 53 (1986): 473-95.
    • (1986) Review of Economic Studies , vol.53 , pp. 473-495
    • Phillips, P.1    Durlauf, S.2
  • 33
    • 0000619128 scopus 로고
    • Tests for specification errors in classical linear least squares regression analysis
    • Ramsey, James R. "Tests for Specification Errors in Classical Linear Least Squares Regression Analysis." Journal of the Royal Statistical Society B 31 (1969): 350-71.
    • (1969) Journal of the Royal Statistical Society B , vol.31 , pp. 350-371
    • Ramsey, J.R.1
  • 34
    • 0002402756 scopus 로고
    • Wages and prices in the United Kingdom: A study in econometric methodology
    • edited by P. E. Hart, London: Butterworths
    • Sargan, J. D. "Wages and Prices in the United Kingdom: A Study in Econometric Methodology." In Econometric Analysis for National Economic Planning, edited by P. E. Hart, 25-63. London: Butterworths, 1964.
    • (1964) Econometric Analysis for National Economic Planning , pp. 25-63
    • Sargan, J.D.1
  • 35
    • 0000906851 scopus 로고
    • Some tests of dynamic specification for a single equation
    • May
    • _. "Some Tests of Dynamic Specification for a Single Equation." Econometrica 48 (May 1980): 879-97.
    • (1980) Econometrica , vol.48 , pp. 879-897
  • 36
    • 0000994208 scopus 로고
    • Sources of business cycle fluctuations
    • edited by Stanley Fischer, Cambridge, MA: MIT Press
    • Shapiro, Matthew D., and Mark W. Watson. "Sources of Business Cycle Fluctuations." In NBER Macroeconomic Annual, edited by Stanley Fischer, 111-48. Cambridge, MA: MIT Press, 1988.
    • (1988) NBER Macroeconomic Annual , pp. 111-148
    • Shapiro, M.D.1    Watson, M.W.2
  • 37
    • 0000997472 scopus 로고
    • Macroeconomics and reality
    • January
    • Sims, Christopher A. "Macroeconomics and Reality." Econometrica 48 (January 1980): 1-48.
    • (1980) Econometrica , vol.48 , pp. 1-48
    • Sims, C.A.1
  • 38
    • 0002588555 scopus 로고
    • Are forecasting models usable for policy analysis?
    • Winter
    • _. "Are Forecasting Models Usable for Policy Analysis?" Federal Reserve Bank of Minneapolis Quarterly Review 10 (Winter 1986): 2-16.
    • (1986) Federal Reserve Bank of Minneapolis Quarterly Review , vol.10 , pp. 2-16
  • 39
    • 0000745315 scopus 로고
    • Inference in linear time series models with some unit roots
    • January
    • Sims, Christopher A., James H. Stock, and Mark W. Watson. "Inference in Linear Time Series Models with Some Unit Roots." Econometrica 58 (January 1990): 113-44.
    • (1990) Econometrica , vol.58 , pp. 113-144
    • Sims, C.A.1    Stock, J.H.2    Watson, M.W.3
  • 40
    • 0000769775 scopus 로고
    • Asymptotic properties of least square estimators of cointegrating vectors
    • September
    • Stock, James H. "Asymptotic Properties of Least Square Estimators of Cointegrating Vectors." Econometrica 55 (September 1987): 1035-56.
    • (1987) Econometrica , vol.55 , pp. 1035-1056
    • Stock, J.H.1
  • 41
    • 0003243160 scopus 로고
    • Asymptotic normality when regressors have unit roots
    • November
    • West, Kenneth D. "Asymptotic Normality when Regressors Have Unit Roots." Econometrica 56 (November 1988): 1397-417.
    • (1988) Econometrica , vol.56 , pp. 1397-1417
    • West, K.D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.