This article summarizes the simple analytics of the macroeconomic effects of government budget deficits. The presentation is organized around three key relationships: the national income accounts budget deficit identity, the deficit financing identity, and the dynamic equation for the evolution of the ratio of public debt to gross national product. The national income accounts identity highlights the effect of the deficit on domestic saving and investment...
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INFORMACIÓN
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1990/07/01
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Artículo de periódico
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76999
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1
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1
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2013/05/13
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Disclosed
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The economics of government budget constraint
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budget deficit