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Government Spending and Budget Deficits in the 1980s: A Personal View

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  • Martin Feldstein

Abstract

This paper, which was written as part of the NBER project on American economic policy in the 1980s, examines the changes in government spending and budget deficits during the decade. The paper analyzes why the deficit increased substantially and looks at the policy options for reducing the deficit that were considered. The paper discusses the period when the author was a member of the Administration in greater detail than other years in the 19805 and seeks to explain why the policy choices evolved as they did.

Suggested Citation

  • Martin Feldstein, 1993. "Government Spending and Budget Deficits in the 1980s: A Personal View," NBER Working Papers 4324, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:4324
    Note: PE EFG
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    File URL: http://www.nber.org/papers/w4324.pdf
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    References listed on IDEAS

    as
    1. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-329, June.
    2. Martin Feldstein, 1993. "Tax Policy in the 1980s: A Personal View," NBER Working Papers 4323, National Bureau of Economic Research, Inc.
    3. Feldstein, Martin & Friedman, Bernard, 1977. "Tax subsidies, the rational demand for insurance and the health care crisis," Journal of Public Economics, Elsevier, vol. 7(2), pages 155-178, April.
    4. Feldstein, Martin S, 1973. "The Welfare Loss of Excess Health Insurance," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages 251-280, Part I, M.
    5. Martin Feldstein & Charles Horioka, 1979. "Domestic Savings and International Capital Flows, W.A. Mackintosh Lecture 1979," Working Paper 331, Economics Department, Queen's University.
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    Cited by:

    1. J Bradford DeLong, 2000. "What Went Right in the 1990s? Sources of American and Prospects for World Economic Growth," RBA Annual Conference Volume (Discontinued), in: David Gruen & Sona Shrestha (ed.),The Australian Economy in the 1990s, Reserve Bank of Australia.

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    More about this item

    JEL classification:

    • H6 - Public Economics - - National Budget, Deficit, and Debt

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