Belton, Willie G. Belton; Cebula, Richard J.; Saltz, Ira S. - In: Economia Internazionale / International Economics 47 (1994) 1, pp. 7-33
This study develops a theoretical model to examine the impact of central government budget deficits on economic systems. The model addresses the issue from a supply-side perspective. It is shown that the budget deficit can itself he used by governments as a policy tool to influence the level of...