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The equilibrium approach to fiscal policy

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  • David Alan Aschauer

Abstract

This paper lays out a simple model for the purpose of bringing together the various strands of the analysis of fiscal policy in an optimizing , competitive equilibrium model. The discussion centers on the critic al assumptions lying behind the Ricardian equivalence proposition, th e role of the time profile and composition of public expenditure, and the timing of distortional taxation. Copyright 1988 by Ohio State University Press.
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Suggested Citation

  • David Alan Aschauer, 1986. "The equilibrium approach to fiscal policy," Staff Memoranda 86-2, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhsm:86-2
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