An empirical investigation into the impact of US federal government budget deficits on the real interest rate yield on intermediate-term treasury issues, 1972–2012

South East European Journal of Economics and Business

2017

The Slovenian economy shows strengths and weaknesses. The economic growth rate of 2.9% in 2015 was higher than the EU average of 2.0%. Employment grew 0.86% from 797.792 thousand in 2014 to 804.637 thousand in 2015. The unemployment rate continued to decline from a recent high of 10.1% in 2013 to a low of 9.0% in 2015, which was slightly lower than the average unemployment rate of 9.4% in the European Union. International trade has improved as evidenced by a trade surplus of 2,031 million Euro in 2015 from a recent trade deficit of 610 million Euro in 2011, suggesting that its export sector became more competitive globally.

Section: The Modelmentioning

confidence: 99%

Is Real Depreciation or More Government Deficit Expansionary? The Case of Slovenia

South East European Journal of Economics and Business

2017

“…Barro (1974Barro ( , 1989) maintains that deficit-or debt-financed spending has a neutral effect on aggregate output in the long run. Cebula (1997Cebula ( , 2014aCebula ( , 2014b, Cebula and Cuellar (2010) and Cebula, Angjellari-Dajci and Foley (2014) find that more government deficit spending raises the real interest rate and tends to crowd out private spending.…”

Section: The Modelmentioning

confidence: 99%

“…More government deficit spending shifts aggregate demand to th the interest rate, reduce private spending, and shift aggregate demand 1989) maintains that deficit-or debt-financed spending has a neutral eff in the long run. Cebula (1997Cebula ( , 2014aCebula ( , 2014b, Cebula and Cuellar (2010) Dajci and Foley (2014) find that more government deficit spending rai and tends to crowd out private spending.…”

Section: ̅ = )mentioning

confidence: 99%

Is Currency Appreciation or Depreciation Expansionary in Kosovo?

Zagreb International Review of Economics and Business

2019

“…The Ricardian equivalence hypothesis (Barro, 1974(Barro, , 1989 suggests that debt-financed government spending has a neutral effect on aggregate output whereas Feldstein (1976) and Buchanan (1976) hold a different view. Cebula (1997), Cebula and Cuellar (2010), Cebula (2014aCebula ( , 2014b, and Cebula, Angjellari-Dajci, and Foley (2014) indicate that deficit-financed government spending raises the real interest rate and may reduce spending in the private sector.…”

Section: Introductionmentioning

confidence: 99%

Effects of the Global and Domestic Business and Economic Factors on Aggregate Output in Austria

Krenn

2016

ABR

<p>Based on a quarterly sample during 2003.Q1 – 2015.Q1, this paper finds that Austria’s aggregate output is positively affected by the lagged German or U.S. output, the real oil price and labor productivity and is negatively influenced by real effective exchange rate appreciation, the real lending rate, central government debt as a percent of GDP and the expected inflation rate. Hence, a rising oil price would not harm aggregate output, and recent depreciation of the euro would be beneficial to aggregate output.</p>