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Original Articles

On the accuracy of Federal Reserve forecasts of the budget deficit-output ratio

Pages 1115-1118 | Published online: 05 Jun 2009

References

  • Barro , R.J. 1979 . On the determination of public debt . Journal of Political Economy , 87 : 940 – 71 .
  • Hartman , H. 2007 . Deficit-related explanations for the US interest rate conundrum . Applied Economics Letters , 14 : 261 – 5 .
  • Pianalto, S. (2005) The power of price stability, Economic Commentary (Federal Reserve Bank of Cleveland), May 1.
  • Romer , C.D. and Romer , D.H. 2000 . Federal Reserve information and the behavior of interest rates . American Economic Review , 90 : 429 – 57 .
  • Sims , C.A. 2002 . The role of models and probabilities in the monetary policy process . Brookings Papers on Economic Activity , 2 : 1 – 62 .
  • Thomas , L.B. and Wu , D. 2009 . Long-term interest rates and expected future budget deficits: evidence from the term structure . Applied Economics Letters , 16 : 365 – 8 .

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