Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal macroeconomic objectives such as inflation and full employment, whereas other combinations will not. This is illustrated by using results from simulations for various OECD countries.

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University of Melbourne, Australia

J. O. N. Perkins

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J.O.N PERKINS

Bibliographic Information

Book Title: Budget Deficits and Macroeconomic Policy
Authors: J. O. N. Perkins
DOI: https://doi.org/10.1057/9780230373280
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1997
eBook ISBN: 978-0-230-37328-0Published: 29 May 1997
Edition Number: 1
Number of Pages: XV, 170
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy, Public Policy

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University of Melbourne, Australia

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