cuts in defence spending. These surpluses follow a period (the eighties) of rather exceptional budget deficits. This paper … investigates the origin, size, and expected future patterns of the U.S. budget balance. It discusses how different political forces …

budget constraint is a constraint on the government's instruments that must be satisfied for all admissible values of the … predetermined variables in the government's budget constraint; and anomalous behaviour of the equilibrium' price sequences …

The analysis focuses on the government budget constraint and the resolution of inconsistent implications of different … reforms may cause jumps in inflation and the exchange rate through their impact on the government budget. In order to achieve …

governments, and attempts to model the impact on both the size of state budgets and on the sectors on which that budget is spent … 1966-1980.The analysis focuses on the two most visible sectors of state government expenditure, welfare and education …; without Federal matching rules and spending requirements states would choose to spend less on education and welfare services …

While most Americans have long favored a balanced federal budget , not all do. This paper uses cross … want the budget balanced. Logit models are fit to data from two different public opinion polls : a Gallup poll and a CBS …/New York Times poll conducted , respectively, in March and April of 1980, a time when the proposed balanced budget amendment to …