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- W1484775144 abstract "A Modigliani-Keynesian type of consumption function involving lagged GNP and a measure of disposable income (that subtracts net exports and net taxes from current GNP) is used to derive economic multipliers for the 1952-86 period which are about the same as those obtained from large scale econometric models of the U.S. economy. The resulting reduced-form equation is useful in allowing one to focus on the adjustment problems associated with large U.S. budget and trade deficits." @default.
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- W1484775144 date "1990-01-01" @default.
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- W1484775144 title "A Keynesian View of the U.S. Budget and Trade Deficits" @default.
- W1484775144 hasPublicationYear "1990" @default.
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