Explaining U.S. Federal Deficits: 1889--1998

Brian L. Goff () and Robert Tollison
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Brian L. Goff: Economics Department, Western Kentucky University, Bowling Green, KY 42101.

Economic Inquiry, 2002, vol. 40, issue 3, 457-469

Abstract: We review and jointly test various competing theoretical and empirical models of U.S. federal deficits using annual data from 1889 to 1998. We find that tax smoothing matters and that political and interest group/distributional factors are also present in our results. Copyright 2002, Oxford University Press.

Date: 2002
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