Part 2. Fiscal Multipliers and Fiscal Consolidations - OECD
In particular, they find that a Federal deficit of $1.00 reduces business investment by only $.20--and investment in business equip- ment would decline by ...
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 ...
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