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Consumption and Government-Budget Finance in a High-Deficit Economy / Leonardo Leiderman, Assaf Razin.
- Format:
- Book
- Author/Creator:
- Leiderman, Leonardo.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2032.
- NBER working paper series no. w2032
- Language:
- English
- Subjects (All):
- Consumption (Economics)--Mathematical models.
- Consumption (Economics).
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1986.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1986.
- Summary:
- This paper characterizes empirically how government budget variables, such as spending, taxes, and deficits, affected private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s. The paper develops and estimates an intertemporal optimizing model of consumption choice by finite-lived individuals. The evidence supports this formulation against the Ricardian infinite-horizon case, but it does not support it when compared to the unrestricted relations in the data.
- Notes:
- Print version record
- September 1986.
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