Modelling the US Federal Spending Process: Overview and Implications
Michael Dempster and
Aaron Wildavsky
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Michael Dempster: Iiasa
Aaron Wildavsky: University of California
Chapter 13 in The Grants Economy and Collective Consumption, 1982, pp 267-309 from Palgrave Macmillan
Abstract:
Abstract The purpose of this paper is to show how inflation is endemic to the budgetary process of the United States Federal Government. To do this we relate models of government expenditure to models of the economy, thus joining in theory what have in practice always been together.
Keywords: Monetary Policy; Price Level; Fiscal Policy; Government Expenditure; Money Supply (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-05377-3_13
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DOI: 10.1007/978-1-349-05377-3_13
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