The Economic Effects of Long-Term Fiscal Discipline

Are Government Bonds Net Wealth?

1974 • 6,026 citations

Term Structure of Interest Rates

2008 • 569 citations

Do Large Deficits Produce High Interest Rates

2016 • 420 citations

Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates

1983 • 391 citations

A Neoclassical Perspective on Budget Deficits

1989 • 381 citations

Ricardian Equivalence: An Evaluation of Theory and Evidence

1987 • 353 citations

New Hope for the Expectations Hypothesis of the Term Structure of Interest Rates

1989 • 344 citations

Interest Rates and Expected Future Budget Deficits in the United States

1987 • 289 citations

What are the Effects of Fiscal Policy Shocks?

2008 • 281 citations

Government financing decisions and asset returns

1982 • 278 citations

New Evidence on Deficits and Interest Rates

1986 • 274 citations

Do Long-Term Interest Rates Overreact to Short-Term Interest Rates?

1984 • 229 citations

Do budget deficits raise nominal interest rates?

1987 • 220 citations

The rate of return to corporate capital and factor shares: new estimates using revised national income accounts and capital stock data

1998 • 210 citations

Long- and short-term interest rates in a risky world

1983 • 190 citations

The Term Structure of Interest Rates Revisited

1986 • 190 citations

Why is infrastructure important

1990 • 190 citations

Should the European Central Bank and the Federal Reserve Be Concerned About Fiscal Policy

2002 • 183 citations

The Fundamental Determinants of the Interest Rates

1970 • 179 citations

Estimating the effects of fiscal policy in OECD countries

2002 • 179 citations

Real Interest, Money Surprises, Anticipated Inflation and Fiscal Deficits

1983 • 168 citations

Federal Borrowing and Short Term Interest Rates

1983 • 167 citations

Fiscal policy and the term structure

1987 • 166 citations

Empirical Macroeconomics for Interdependent Economies.

1989 • 164 citations

Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective

1999 • 162 citations

Is the dollar high because of large budget deficits?

1986 • 125 citations

Current and anticipated deficits, interest rates and economic activity

1984 • 117 citations

Government Budget Deficits and Interest Rates: The Evidence since 1971, Using Alternative Deficit Measures

1988 • 116 citations

Federal Borrowing and Short Term Interest Rates: Comment

1985 • 112 citations

Deficit Announcements and Interest Rates

1987 • 107 citations

MULTIMOD Mark III : the core dynamic and steady-state models

1998 • 104 citations

Multimod Mark III: The Core Dynamic and Steady State Model

1998 • 103 citations

The Budget and Economic Outlook: An Update

2002 • 97 citations

The Budget Deficit and the Dollar

1986 • 82 citations

The Measurement and Significance of the Cyclically Adjusted Federal Budget and Debt

1985 • 61 citations

Why deficit news affects interest rates

1993 • 59 citations

Day of reckoning: the consequences of American economic policy under Reagan and after

1989 • 58 citations

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

1996 • 55 citations

Federal Government Budget Deficits and Interest Rates: A Brief Note

1988 • 51 citations

Domestic and international financial market responses to Federal deficit announcements

1996 • 51 citations

Budget Deficits, Tax Rules, and real Interest Rates

1986 • 50 citations

Budget Blues: The Fiscal Outlook and Options for Reform

2003 • 49 citations

Short-Run Effects of Fiscal Policy with Forward-Looking Financial Markets

2002 • 49 citations

Anticipated Future Budget Deficits and the Term Structure of Interest Rates

1988 • 49 citations

What do budget deficits do

1995 • 48 citations

Monetary policy implications of greater fiscal discipline

1995 • 42 citations

THE TEMPORAL CAUSALITY BETWEEN FISCAL DEFICITS AND INTEREST RATES

1991 • 41 citations

Uncertainty and the Design of Long-Run Fiscal Policy

2001 • 40 citations

Social Security Reform and National Saving in an Era of Budget Surpluses

2000 • 40 citations

Federal budget deficits, interest rates, and international capital flows: A further note

1994 • 40 citations

Multimarket Expectations and The Rate of Interest

1973 • 39 citations

Deficit spending, money, and inflation: Some international empirical evidence

1985 • 39 citations

A New Approach in Analyzing the Effect of Deficit Announcements of Interest Rates

1994 • 38 citations

Optimal long-run fiscal policy: Constraints, preferences and the resolution of uncertainty

2006 • 36 citations

Budget deficits and short-term real interest rate forecasting

1987 • 35 citations

Real interest rates, money and government deficits

1983 • 35 citations

An Empirical Note on Deficits, Interest Rates, and International Capital Flows

1988 • 34 citations

The Fiscal Impact of Population Change

2001 • 33 citations

The effects of deficit-reduction laws on real interest rates

1996 • 31 citations

Long-Term Interest Rates: The Role of Expected Budget Deficits

1988 • 29 citations

The use of the new macroeconomics for policy formulation

1993 • 26 citations

The Budget Outlook and Options for Fiscal Policy

2002 • 26 citations

Rational Expectations in a Disequilibrium Model of the Term Structure

1976 • 26 citations

The Neglected Effect of Fiscal Policy on Stock and Bond Returns

2001 • 25 citations

Tax Cuts and the Budget

2001 • 24 citations

The real interest rate/budget deficit link: international evidence 1973- 82

1984 • 22 citations

THE ECONOMIC EFFECTS OF FEDERAL SPENDING ON INFRASTRUCTURE AND OTHER INVESTMENTS

1998 • 22 citations

A TEST OF STEADY‐STATE GOVERNMENT‐DEBT NEUTRALITY

1989 • 21 citations

Government spending or deficit financing: which causes crowding out?

1986 • 16 citations

A Perspective on the Federal Deficit Problem

1984 • 16 citations

Fiscal Policy and Social Security Policy During the 1990s

2001 • 14 citations

Fiscal Deficit Reduction: An Avaluation of Alternatives

1993 • 14 citations

Why the empirical relationship between deficits and interest rates appears so fragile

1989 • 12 citations

The Deficit Problem in Perspective

1988 • 11 citations

A Note on Interest Rates and Structural Federal Budget Deficits

2002 • 11 citations

The International Implications of Paying Down the Debt

2001 • 10 citations

Statement before the Senate Budget Committee.

1974 • 7 citations

The Determinants of U.S. Real Interest Rates in the Long Run

1991 • 7 citations

Deficits, Interest Rates and the Economy

1983 • 6 citations

Economic Growth And Reform: Lessons From The United States And Japan

2004 • 5 citations

What do regressions of interest rates on deficits imply

1988 • 4 citations

The Budget Outlook: Options for Restoring Fiscal Discipline

2002 • 3 citations