Is it real? The relationship between real deficits and real growth: new evidence using long-run data

Long-run data for the USA is used to examine whether the inflation adjustment of the government budget deficit as proposed by Eisner and Pieper makes a difference in assessing the impact of fiscal policy on economic growth. Using Vector Autoregressions (VAR) it is found that both the inflation adjusted and the unadjusted deficit exert a negative influence on real growth.

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Year of publication:	1995
Authors:	Haan, Jakob De ; Sturm, Jan Egbert
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 2.1995, 4, p. 98-102
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005471602