Some preliminary evidence on the short-run aggregate demand effects of fiscal policy
The crowding out of private consumption by fiscal policy is examined using a short-run consumption function. There is evidence of a one-for-one crowding out of consumption by government purchases of goods and services. The effects of debt financing on consumption are mixed. Internal debt exerts a ne...
| Published in: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXIII, no. 1 & 2 (Mar. 1986 - Jun. 1986), 143-150 |
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| Main Author: | |
| Resource Type: | Article |
| Language: | English |
| Published: |
1986
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| Subjects: |