@techreport{NBERw2032,
 title = "Consumption and Government-Budget Finance in a High-Deficit Economy",
 author = "Leonardo Leiderman and Assaf Razin",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "2032",
 year = "1986",
 month = "September",
 URL = "http://www.nber.org/papers/w2032",
 abstract = {This paper characterizes empirically how government budget variables, such as spending, taxes, and deficits, affected private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s. The paper develops and estimates an intertemporal optimizing model of consumption choice by finite-lived individuals. The evidence supports this formulation against the Ricardian infinite-horizon case, but it does not support it when compared to the unrestricted relations in the data.},
}