The Efficacy of Bond-Financed Fiscal Policy

Yeung-Nan Shieh ()

Public Finance Review, 1982, vol. 10, issue 1, 119-125

Abstract: The purpose of this article is to reexamine two important propositions in the familiar rock bottom model. By using simple and more straightforward comparative static and dynamic analyses, the following statements can be made: (1) if capital stock is constant and the system is stable, bond-financed deficits are more expansionary than money-financed deficits and (2) if capital stock is not constant, (1 - T' - T'F B )

Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:10:y:1982:i:1:p:119-125

DOI: 10.1177/109114218201000107

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