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Why is it important?
Rather than focusing on the total federal budget deficits, this study investigates the impact of the primary deficits. The latter is the total deficit mnus interest payments.
Perspectives
The primary deficit is founsd to elevate the longer term rate of interest.
Dr. Richard J. Cebula
University of Tennessee Knoxville
Read the Original
This page is a summary of: A note on budget deficits, debt service payments, and interest rates, The Quarterly Review of Economics and Finance, December 1993, Elsevier,
DOI: 10.1016/1062-9769(93)90008-8.
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