Interest rates and Federal budget balance.

data("intdef")

Format

A data frame with 49 observations.

year

1948-1996

i3

3 mo. T bill rate

inf

CPI inflation rate

rec

federal receipts, % GDP

out

federal outlays, % GDP

def

out - rec (deficit as % GDP)

Source

Jeffrey M. Wooldrige (2006): Introductory Econometrics: A Modern Approach, 3rd ed., Thomson South-Western.

Details

Data from Economic Report of the President, 2004, Tables B-64, B-73, and B-79.