From Deficit Delusion to the Fiscal Balance Rule.
Although the deficit is a useful construct for Keynesian analyses of fiscal policy, the deficit appears to be a less useful measure of fiscal policy within all but a restricted class of intertemporal neoclassical models. This paper suggests that the nature of deficits in a simple certainty model wit...
| Körperschaft: | |
|---|---|
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1989/050 |
| Online Zugang: | Full text available on IMF |