The Economics of Large Government Deficits
Abstract. 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 ... ON THE TW?N DEF?C?TS HYPOTHES?S: EV?DENCE FROM TURKEYUnited States current account deficit stood at 6.5 per cent of her Gross Domestic product (GDP) in 2005, which is almost twice of her last highest deficit ...
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