Two alternative ways of extracting a measure of the real federal deficit from a measure of the nominal federal debt are discussed. One equates the real federal deficit to the real value of the change in the nominal debt. Aspects of the issues of crowding out, the use of the deficit as an...

A relation, familiar in the literature on the feasibility of persistent government deficits, is restated to accommodate the Office of Management and Budget projections. It is then shown that U.S. budget policy was not on a long-run feasible course in the period from fiscal year 1982 through...

M<sc>allik</sc> G., B<sc>asu</sc> P. K., H<sc>icks</sc> J. and S<sc>appey</sc> R. Do the determinants of employability and earnings returns produce similar outcomes in metropolitan and regional labour markets? The case of New South Wales, Australia, <italic>Regional Studies</italic>. This paper analyses and compares the determinants of...

Chinese input-output tables and data on Chinese energy consumption for 1995 and 2005 have been used to investigate the link between China's spectacular trade performance and its environmental impact. The results suggest that although China's ever increasing trade surplus is contributing to...

I. El lector de este libro se siente acosado por dos impulsos contrarios. Por una parte puede aceptar, desde luego, las elaboradas disquisiciones que el autor hace respecto de su propia teoría, así como el lugar que le corrresponde en el desarrollo de la economía, elogiando o criticando la...