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The Equilibrium Approach to Fiscal Policy

David Aschauer ()

Journal of Money, Credit and Banking, 1988, vol. 20, issue 1, pages 41-62

Abstract: This paper lays out a simple model for the purpose of bringing together the various strands of the analysis of fiscal policy in an optimizing , competitive equilibrium model. The discussion centers on the critic al assumptions lying behind the Ricardian equivalence proposition, th e role of the time profile and composition of public expenditure, and the timing of distortional taxation. Copyright 1988 by Ohio State University Press.

Date: 1988
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Working Paper: The equilibrium approach to fiscal policy (1986)
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