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Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity

In: The Economics of Public Debt

Author

Listed:
  • Michael J. Boskin

    (Stanford University and NBER)

Abstract

The relationship between budget deficits or public debt and real economic activity has sparked a tremendous debate. For example, various strands of thought argue that deficits are (1) inflationary, (2) expansionary, (3) alter the composition of output away from investment and net exports, or (4) do not matter. The mechanisms by which these effects occur are also widely debated.

Suggested Citation

  • Michael J. Boskin, 1988. "Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity," International Economic Association Series, in: Kenneth J. Arrow & Michael J. Boskin (ed.), The Economics of Public Debt, chapter 3, pages 77-115, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-19459-9_3
    DOI: 10.1007/978-1-349-19459-9_3
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    Citations

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    Cited by:

    1. Chakraborty, Lekha, 2015. "Fiscal Seigniorage "Laffer-curve effect" on Central Bank Autonomy in India," Working Papers 15/156, National Institute of Public Finance and Policy.
    2. Jalal Siddiki, 2010. "The Ricardian equivalence hypothesis: evidence from Bangladesh," Applied Economics, Taylor & Francis Journals, vol. 42(11), pages 1419-1435.
    3. Michael J. Boskin, 1988. "Issues in the Measurement and Interpretation of Saving and Wealth," NBER Working Papers 2633, National Bureau of Economic Research, Inc.
    4. Lekha Chakraborty, 2018. "Monetary Seigniorage in an Emerging Economy: Empirical Evidences," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(5), pages 135-144, May.
    5. Lekha S. Chakraborty, 2015. "Fiscal Seigniorage “Laffer-curve effect†on Central Bank Autonomy in India," Working Papers id:7754, eSocialSciences.
    6. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    7. Riera Prunera, Maria Carmen, 2000. "A Role For Deficit In Economic Growth," ERSA conference papers ersa00p335, European Regional Science Association.
    8. Semih ŞEN & Mircan TOKATLIOĞLU, 2020. "Contingent Liabilities as a Risk Factor in Public Finance: The Case of Turkey," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(44).
    9. Ghatak, Anita & Ghatak, Subrata, 1996. "Budgetary deficits and Ricardian equivalence: The case of India, 1950-1986," Journal of Public Economics, Elsevier, vol. 60(2), pages 267-282, May.
    10. Chakraborty, Lekha S, 2014. "Monetary Seigniorage in an Emerging Economy: Is there a scope for "free lunch" in financing public investment?," MPRA Paper 67497, University Library of Munich, Germany, revised 2015.
    11. Michael J. Boskin, 1991. "Issues in the Measurement and Interpretation of Saving and Wealth," NBER Chapters, in: Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth, pages 159-184, National Bureau of Economic Research, Inc.

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