How little we know about budget policy effects

Preston J. Miller and William Roberds

No 120, Staff Report from Federal Reserve Bank of Minneapolis

Abstract: Using a simple model, we show why previous empirical studies of budget policy effects are flawed. Due to an identification problem, those studies? findings can be shown to be consistent with either policies mattering or not.

Keywords: Budget (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (1)

Published in Quarterly Review (Vol 16, Num 1, Winter 1992, pp. 2-11)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmsr:120

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