@techreport{NBERw1814,
 title = "Estimated Macroeconomic Effects of Deficit Targeting",
 author = "Ray C. Fair",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "1814",
 year = "1986",
 month = "1986",
 URL = "http://www.nber.org/papers/w1814",
 abstract = {Somemacroeconomic effects of deficit targeting are estimated in thispaper using my U.S. econometric model. The response of the economy to realand price shocks is examined in a number of cases. Each case corresponds toa particular assumption about fiscal policy and a particular assumptionabout monetary policy. Estimates are also presented of the size of thegovernment spending cuts that are needed to meet a given deficit goal underdifferent assumptions about monetary policy.},
}