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

  • Michael J. Boskin
Part of the International Economic Association Series book series (IEA)

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.

Keywords

Fiscal Policy Government Spending Public Debt Private Consumption Private Saving 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1988

Authors and Affiliations

  • Michael J. Boskin
    • 1
  1. 1.Stanford University and NBERUSA

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