Finance and Economics Discussion Series: The Effect of Deficit-Reduction Laws on Real Interest Rates by Douglas W. Elmendorf

Finance and Economics Discussion Series: The Effect of Deficit-Reduction Laws on Real Interest Rates

Douglas W. Elmendorf

44 pages missing pub info (editions)

nonfiction politics
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This paper uses news reports about two deficit-reduction laws of the past decade to identify days when expected fiscal policy clearly became more or less expansionary. The paper also proposes a technique for identifying whether the real interest r...

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