How do budget deficits affect the economy? Do tax cuts stimulate growth and raise revenue, making deficits irrelevant or do deficits siphon away saving from production investment and ultimately reduce standards of living? Willem Thorbecke investigates the macroeconomic effects of budget deficits using a narrative methodology and focuses on the US economy since 1980 to illuminate some answers to this vexing question.
- ISBN10 1843767228
- ISBN13 9781843767220
- Publish Date 27 May 2005
- Publish Status Cancelled
- Publish Country GB
- Imprint Edward Elgar Publishing Ltd
- Format Hardcover
- Pages 208
- Language English