IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v14y1988i3p263-270.html
   My bibliography  Save this article

A Note on the Real Federal Deficit

Author

Listed:
  • Thomas J. Finn

Abstract

Two alternative ways of extracting a measure of the real federal deficit from a measure of the nominal federal debt are discussed. One equates the real federal deficit to the real value of the change in the nominal debt. Aspects of the issues of crowding out, the use of the deficit as an indicator of fiscal policy, and the feasibility of permanent deficits are taken up to show that both measures are important and neither is merely the wrong way to calculate the other.

Suggested Citation

  • Thomas J. Finn, 1988. "A Note on the Real Federal Deficit," Eastern Economic Journal, Eastern Economic Association, vol. 14(3), pages 263-270, Jul-Sep.
  • Handle: RePEc:eej:eeconj:v:14:y:1988:i:3:p:263-270
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume14/V14N3P263_270.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Michael R. Darby, 1984. "Some pleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, issue spr.
    2. Milbourne, Ross D & Richards, Daniel J, 1986. "A New View of the Federal Debt and Budget Deficits: Comment," American Economic Review, American Economic Association, vol. 76(5), pages 1154-1155, December.
    3. Hamilton, James D & Flavin, Marjorie A, 1986. "On the Limitations of Government Borrowing: A Framework for EmpiricalTesting," American Economic Review, American Economic Association, vol. 76(4), pages 808-819, September.
    4. Richard M. Todd & Thomas M. Supel, 1984. "Should currency be priced like cars?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue spr.
    5. Dwyer, Gerald P, Jr, 1982. "Inflation and Government Deficits," Economic Inquiry, Western Economic Association International, vol. 20(3), pages 315-329, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:14:y:1988:i:3:p:263-270. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross). General contact details of provider: http://edirc.repec.org/data/eeaa1ea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.