The U.S. Intertemporal Budget Constraint: Restoring Equilibrium Through Increased Revenues or Decreased Spending?

This paper tests the stability of the U.S. federal intertemporal budget constraint over the postwar period. The implied equilibrium budget path is estimated and used to determine which component of the budget has greater responsibility for the recent intertemporal violations.

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Year of publication:	1997-02-14
Authors:	Crowder, William J.
Institutions:	EconWPA
Subject:	Budget Deficit \| Intertemporal \| Cointegration

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Extent:	application/pdf application/postscript
Series:	Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - PostScript; prepared on IBM-PC; to print on HPLaserjet postscript; pages: 34; figures: included in the paper 34 pages
Classification:	H6 - National Budget, Deficit, and Debt ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; C3 - Econometric Methods: Multiple/Simultaneous Equation Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005412703