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Dette et déficit gouvernementaux : mesure et effets

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  • Robert Eisner
  • Paul J. Pieper

Abstract

Budget deficits in the United States and six OECD nations are adjusted for inflation so as to correspond to changes in real net debt. Adjusted high-employment or cyclically-corrected deficits are then found to be positively related, and more clearly and sharply than unadjusted deficits, to subsequent increases in real output and, in the US, to decreases in unemployment. The adjusted US deficit contributes significantly to OECD growth in GDP.

Suggested Citation

  • Robert Eisner & Paul J. Pieper, 1986. "Dette et déficit gouvernementaux : mesure et effets," Annals of Economics and Statistics, GENES, issue 3, pages 27-52.
  • Handle: RePEc:adr:anecst:y:1986:i:3:p:27-52
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    File URL: http://www.jstor.org/stable/20075615
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