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

Article Abstract:

The fiscal deficit-interest rate relationship was examined using the Bayesian, London School and vector autoregressive (VAR) econometric methods. A significant positive relationship was found to exist between the fiscal deficit and long-term interest rates using the Bayesian and London School methods. The VAR method, on the other hand, revealed divergent trends, suggesting either no relationship or an ambiguous one. Each method, however, has crucial points where the subjective judgment of the researcher plays an important role.

Econometrics & Model Building, Analysis, Evaluation, Bayesian statistical decision theory, Bayesian analysis, Interest rates, Business models, Autoregression (Statistics), Budget deficits

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On finite life times and growth

Article Abstract:

The relationship between production structure and growth is examined in terms of a lag capital model and an advanced input model. Both models indicated an investment level greater than available saving is needed to sustain non-negative growth. This result supports the overlapping generations model when the relationship between the consumer discount rate and population growth rate conditions the existence of the monetary steady state.

Research, Economic development, Economic lag

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Using the correct economic interpretation to prove the Hawkins-Simon-Nikaido theorem: one more note

Article Abstract:

Recent studies on the correct economic interpretation of the Hawkins-Simon conditions are sufficient to present a non-mathematical proof of the same. Such an attempt is made based on Jeong (1982, 1984) and Fujita (1991). The results have important implications for input-output analysis, macroeconomic stability, and economic production.

Input-output analysis

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