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From Deficit Delusion to the Fiscal Balance Rule: Looking For an Economically Meaningful Way to Assess Fiscal Policy

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NBER1989-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2841
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Notwithstanding its widespread use as a measure of fiscal policy, the government deficit is not a well-defined concept from the perspective of neoclassical macro economics. From the neoclassical perspective the deficit is an arbitrary accounting construct whose value depends on how the government
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美国国家经济研究局
创建时间:
1989-02-01
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