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Estimated Macroeconomic Effects of Deficit Targeting

Author: Ray C Fair; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 1986.
Series: Working paper series (National Bureau of Economic Research), no. w1814.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Somemacroeconomic effects of deficit targeting are estimated in thispaper using my U.S. econometric model. The response of the economy to realand price shocks is examined in a number of cases. Each case corresponds toa particular assumption about fiscal policy and a particular assumptionabout monetary policy. Estimates are also presented of the size of thegovernment spending cuts that are needed to meet a given  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ray C Fair; National Bureau of Economic Research.
OCLC Number: 756572867
Description: 1 online resource.
Series Title: Working paper series (National Bureau of Economic Research), no. w1814.
Responsibility: Ray C. Fair.

Abstract:

Somemacroeconomic effects of deficit targeting are estimated in thispaper using my U.S. econometric model. The response of the economy to realand price shocks is examined in a number of cases. Each case corresponds toa particular assumption about fiscal policy and a particular assumptionabout monetary policy. Estimates are also presented of the size of thegovernment spending cuts that are needed to meet a given deficit goal underdifferent assumptions about monetary policy.

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