Question
Read Thomas Sargent's paper about the budget deficits: Read Sargent's paper about budget deficits. https://www.frbsf.org/economic-research/files/86-4_5-12.pdf 1. Why were the large budget deficits and tight monetary
Read Thomas Sargent's paper about the budget deficits:
Read Sargent's paper about budget deficits.
https://www.frbsf.org/economic-research/files/86-4_5-12.pdf
1. Why were the large budget deficits and tight monetary policy interesting to Sargent?
2. Breifly describe Barro's model. Be sure to indicate why it predicts US Federal government expenditures will fall.
3. Breifly describe Wallace's model. Be sure to indicate why it predicts US Federal government expenditures will
fall.
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
