5 Excess Savings and Twin Deicits: The Transmission of Fiscal ...
This article presents a simple framework to assess the consistency of appropriately defined fiscal deficits with other macroeconomic targets, ...
The Economics of Large Government DeficitsAbstract. We study the effects of debt-financed fiscal transfers in a general equilibrium, heterogeneous-agent model of the world economy. In the long run, ... Inflation and the Financing of Government ExpenditureOur budget deficits at the Federal level were run- ning at about a $150-$200 billion level pretty much from the mid-. 1980's right to the ... ON THE REDISTRIBUTIVE PROPERTY OF BUDGET DEFICITSdeficit? ? The U.S. Treasury considered TARP outlays to be expenditures that increased the deficit, and will consider bank repayments ...
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