Of Budget Deficits and Macroeconomic Policy (1996)

James Perkins

Chapter 8 in The Reform of Macroeconomic Policy, 2000, pp 128-142 from Palgrave Macmillan

Abstract: Abstract The amount of attention given to reducing, or at least holding down, the government’s budget deficit (on some definition or other) in recent years has been at the expense of a rational approach to macroeconomic policy. This chapter outlines the reasons why that approach may have damaging macroeconomic effects. It draws attention to ways in which the costs and benefits of a reduction or increase in government borrowing (‘the budget deficit’) should be considered only in the context of the macroeconomic (and other) effects of the particular combinations of government outlays and revenue with which any change in the budget deficit is brought about.

Keywords: Government Expenditure; Government Outlay; Real Output; Budget Balance; Macroeconomic Policy (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28873-7_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230288737

DOI: 10.1057/9780230288737_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().