Report
How little we know about budget policy effects
Abstract: Using a simple model, we show why previous empirical studies of budget policy effects are flawed. Due to an identification problem, those studies? findings can be shown to be consistent with either policies mattering or not.
Status: Published in Quarterly Review (Vol 16, Num 1, Winter 1992, pp. 2-11)
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Provider: Federal Reserve Bank of Minneapolis
Part of Series: Staff Report
Publication Date: 1989
Number: 120