Federal Reserve Bank of Minneapolis
How little we know about deficit policy effects
We use a simple model to show why previous empirical studies of budget policy effects are flawed. Due to an identification problem, those studies' findings can be shown to be consistent with policies either mattering or not. We argue that this problem is difficult and not likely to be resolved soon.
Cite this item
Preston J. Miller & William Roberds, "How little we know about deficit policy effects"
, Federal Reserve Bank of Minneapolis, Quarterly Review, issue Win, pages 2-11, 1992.
Keywords: Budget deficits ; Fiscal policy
This item with handle RePEc:fip:fedmqr:y:1992:i:win:p:2-11:n:v.16no.1
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