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 …

incomplete aspect of that investigation, however, was the failure to allow explicitly for the government budget constraint. This ….S. government securities market. The explicit imposition of the government budget constraint makes a major difference for the … basis of familiar economic theory, the effect of imposing the government budget constraint is to make the real …