S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
The Economic Research Institute, Stockholm School of Economics SSE/EFI Working Paper Series in Economics and Finance

No 220:
Fiscal Policy and the Yield Curve in a Small Open Economy

Jesper Lindé ()

Abstract: This paper contains an empirical investigation of the effects of fiscal policy on the yield curve based on a conventional stochastic macro model designed for a small open economy. The empirical investigation undertaken utilizes data for Sweden, a country which has experienced very large fluctuations in the government budget deficits and in the short- and long-term nominal interest rates, thus providing a better empirical test than previous studies. According to the empirical results, larger budget deficits spell higher interest rates, as posited by conventional macroeconomic theory.

Keywords: Term structure of interest rates; Ricardian equivalence; budget deficits; small open economy; stationary and non-stationary time series.; (follow links to similar papers)

JEL-Codes: E12; E62; F41; (follow links to similar papers)

39 pages, January 28, 1998, Revised November 17, 1998

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

hastef0220.rev.pdf.zip    PDF-file (zipped) (680kB) 
hastef0220.rev.pdf    PDF-file (1.13MB) 
hastef0220.rev.ps.zip    PKZipped PostScript (2.15MB) 
hastef0220.rev.ps    PostScript file (9.99MB) 
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Helena Lundin ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:hastef:0220 This page was generated on 2014-12-14 19:22:54