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The Equilibrium Approach to Fiscal Policy

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  • Aschauer, David Alan

Abstract

This paper lays out a simple model for the purpose of bringing together the various strands of the analysis of fiscal policy in an optimizing , competitive equilibrium model. The discussion centers on the critic al assumptions lying behind the Ricardian equivalence proposition, th e role of the time profile and composition of public expenditure, and the timing of distortional taxation. Copyright 1988 by Ohio State University Press.

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  • Aschauer, David Alan, 1988. "The Equilibrium Approach to Fiscal Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 41-62, February.
    • Handle: RePEc:mcb:jmoncb:v:20:y:1988:i:1:p:41-62
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