the last five years cast significant doubt on the proposition that the timing of taxes does not affect national savings …

the last five years cast significant doubt on the proposition that the timing of taxes does not affect national savings …

This note explores the sensitivity of the short-run savings effects ofgovernment deficits to assumptions about … for analyzing theshort-run savings effects. In practice, periods of debt accumulation such asthat in the United States … during World War II are reversed sufficiently rapidlyto make their short-run effects on consumption and national savings …

This note explores the sensitivity of the short-run savings effects of …short-run savings effects. In practice, periods of debt accumulation such as …to make their short-run effects on consumption and national savings relatively …