Government deficit financing and stabilisation
Document Type
Journal article
Source Publication
Journal of Economic Studies
Publication Date
1-1-1988
Volume
15
Issue
5
First Page
34
Last Page
44
Publisher
MCB UP Ltd
Abstract
The US federal deficit has, over the years, remained a subject of widespread concern and controversy. Diverse views continue to be expressed on such questions as whether the deficit matters, whether it is the inflation-adjusted deficit that matters, whether bond-financed deficits are inflationary, and whether it is only deficits that are financed by money creation which are inflationary. Against this background, few would disagree with Boskin (1982) that “progress in improving our understanding of the role of the budget deficit in economic behavior and performance… is an urgent research priority”.
DOI
10.1108/eb002679
Print ISSN
01443585
E-ISSN
17587387
Publisher Statement
Copyright © 1988 MCB UP Ltd
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Ho, L. S. (1988). Government deficit financing and stabilisation. Journal of Economic Studies, 15(5), 34-44. doi: 10.1108/eb002679