Cebula, Richard; Hung, Chao-Shun; Manage, Neela - In: Applied Economics Letters 3 (1996) 8, pp. 525-528
The Ricardian equivalent theory is examined by dichotemizing the total US federal budget deficit into its structural (exogeneous) and cyclical (endogeneous) components. The former is hypothesized to be the expected, planned deficit, whereas the latter is viewed as the unpredictable, unplanned,...