Title

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

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

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Recommended Citation

Ho, L. S. (1988). Government deficit financing and stabilisation. Journal of Economic Studies, 15(5), 34-44. doi: 10.1108/eb002679