The macroeconomic impacts of government debt: An empirical analysis of the 1980s and 1990s
Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive mo...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Wheeler, Mark [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
1999 |
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| Schlagwörter: |
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| Anmerkung: |
© International Atlantic Economic Society 1999 |
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| Übergeordnetes Werk: |
Enthalten in: Atlantic economic journal - Kluwer Academic Publishers, 1973, 27(1999), 3 vom: Sept., Seite 273-284 |
|---|---|
| Übergeordnetes Werk: |
volume:27 ; year:1999 ; number:3 ; month:09 ; pages:273-284 |
| Links: |
|---|
| DOI / URN: |
10.1007/BF02299578 |
|---|
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OLC2062300379 |
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10.1007/BF02299578 doi (DE-627)OLC2062300379 (DE-He213)BF02299578-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Wheeler, Mark verfasserin aut The macroeconomic impacts of government debt: An empirical analysis of the 1980s and 1990s 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 1999 Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. Because wealth falls as government debt rises, an increase in government debt leads to decreases in interest rates, output, and the price level. Interest Rate Response Function Empirical Analysis Impulse Response International Economic Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 27(1999), 3 vom: Sept., Seite 273-284 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:27 year:1999 number:3 month:09 pages:273-284 https://doi.org/10.1007/BF02299578 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 27 1999 3 09 273-284 |
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10.1007/BF02299578 doi (DE-627)OLC2062300379 (DE-He213)BF02299578-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Wheeler, Mark verfasserin aut The macroeconomic impacts of government debt: An empirical analysis of the 1980s and 1990s 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 1999 Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. Because wealth falls as government debt rises, an increase in government debt leads to decreases in interest rates, output, and the price level. Interest Rate Response Function Empirical Analysis Impulse Response International Economic Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 27(1999), 3 vom: Sept., Seite 273-284 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:27 year:1999 number:3 month:09 pages:273-284 https://doi.org/10.1007/BF02299578 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 27 1999 3 09 273-284 |
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10.1007/BF02299578 doi (DE-627)OLC2062300379 (DE-He213)BF02299578-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Wheeler, Mark verfasserin aut The macroeconomic impacts of government debt: An empirical analysis of the 1980s and 1990s 1999 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 1999 Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. Because wealth falls as government debt rises, an increase in government debt leads to decreases in interest rates, output, and the price level. Interest Rate Response Function Empirical Analysis Impulse Response International Economic Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 27(1999), 3 vom: Sept., Seite 273-284 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:27 year:1999 number:3 month:09 pages:273-284 https://doi.org/10.1007/BF02299578 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 27 1999 3 09 273-284 |
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Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. Because wealth falls as government debt rises, an increase in government debt leads to decreases in interest rates, output, and the price level. © International Atlantic Economic Society 1999 |
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Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. Because wealth falls as government debt rises, an increase in government debt leads to decreases in interest rates, output, and the price level. © International Atlantic Economic Society 1999 |
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Abstract This study examines the macroeconomic impacts of government debt. Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. Because wealth falls as government debt rises, an increase in government debt leads to decreases in interest rates, output, and the price level. © International Atlantic Economic Society 1999 |
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Unlike previous studies, the current study restricts the estimation period to the 1980s and 1990s. The analysis is conducted using variance decompositions and impulse response functions derived from a vector autoregressive model. The results presented here support an extreme form of the Ricardian equivalence hypothesis. In this view, wealth falls as government debt rises. 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