Expected future budget deficits and the yield curve

Business Economics

Volumn 41, Issue 4, 2006, Pages 46-53

  Thomas, Lloyd ^a,c   Wu, Danhua ^b,c  

^a KANSAS STATE UNIVERSITY   (United States)

^b Morgan Stanley ^*

^c MORGAN STANLEY   (United States)

Author keywords

Curve; Deficits; Interest; Rate; Structure; Term; Yield

Indexed keywords

EID: 33846176569     PISSN: 0007666X     EISSN: 0007666X     Source Type: Journal    
DOI: 10.2145/20060406     Document Type: Article

References (13)

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3. Clarida, Richard, Jordi Gali, and Mark Gertler. 2000. "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory." Quarterly Journal of Economics. 115:1, pp. 147-180.
4. Congressional Budget Office. Current. "Spreadsheets for Selected Estimates and Projections," http://www.cbo.gov/Spreadsheets.shtml.
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11. Sargent, Thomas and Neil Wallace. 1981. "Some Unpleasant Monetarist Arithmetic." Quarterly Review. Federal Reserve Bank of Minneapolis. 5, pp. 1-18.
12. Thomas, Lloyd B. and Ali Abderrezak. 1988. "Anticipated Future Budget Deficits and the Term Structure of Interest Rates." Southern Economic Journal. 55:1, pp. 150-161.
13. Wachtel, Paul and John Young. 1987. "Deficit Announcements and Interest Rates." American Economic Review. 77:5, pp. 1007-1012.