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- W2313654369 abstract "The macroeconomic literature has long agreed that the balanced budget multiplier is positive. By adopting the viewpoints of working capital finance on aggregate supply, this paper reexamines the impact of an expansion in government spending on output with a balanced government budget and finds that the balanced budget multiplier may be negative depending on the extent of the interest-sensitive aggregate supply effects." @default.
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- W2313654369 date "1992-10-01" @default.
- W2313654369 modified "2023-10-18" @default.
- W2313654369 title "Working Capital Finance and the Balanced Budget Multiplier" @default.
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- W2313654369 doi "https://doi.org/10.1177/056943459203600208" @default.
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