DARBY, MICHAEL R.; GILLINGHAM, ROBERT; GREENLEES, JOHN S. - In: Contemporary Economic Policy 9 (1991) 4, pp. 39-55
This study provides fresh evidence on the responsiveness of private consumption and, by implication, saving to government deficits. It focuses on consumption and saving from 1981 to 1989, a period during which the personal saving rate was characterized as surprisingly unresponsive to high...