A simple macroeconomic model with a government budget restraint
It is the purpose of this paper to introduce the government budget restraint into a very simple theoretical static macroeconomic model of aggregate demand with a rigid price level, and to show how the analysis of macroeconomic policies is affected by the budget restraint.[1] To summarize: the result...
Main Author: | Christ, Carl F |
---|---|
Format: | Book |
Published: |
Chicago, Ill.
University of Chicago Press
January-Febrary, 1968
|
Series: | Journal of Political Economy
n. 1 |
Subjects: |
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