Abstract
After some years of staggering expansion, the US economy is faced with large deficits, both in the government budget and on the current account. These deficits make its future rather uncertain, in particular because the likely policy reactions are difficult to predict. One way to reduce this uncertainty is to evaluate different policy options, both with respect to their potential effectivity and with respect to possible side effects. Such an evaluation almost certainly narrows the set of ex ante feasible options. It is worthwhile, therefore, to undertake such an exercise.
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References
Swank, J. and Siebrand, J. C. (1986) RASMUS-2b, an annual model of the US economy (2nd revised edition), Discussion Paper Series 8608/G, Institute for Economic Research, Rotterdam.
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© 1988 Chapman and Hall Ltd
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Siebrand, J.C., Swank, J. (1988). Adjustment options for the US economy. In: Motamen, H. (eds) Economic Modelling in the OECD Countries. International Studies In Economic Modelling. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1213-7_14
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DOI: https://doi.org/10.1007/978-94-009-1213-7_14
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7039-3
Online ISBN: 978-94-009-1213-7
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