Budget Deficits, Tax Incentives, and Inflation: A Surprising Lesson from the 1983–1984 Recovery
Published Date
Copyright 1989
ISBN 0262061260
DOI 10.1086/tpe.3.20061781
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Copy CitationMartin Feldstein and Douglas W. Elmendorf, Tax Policy and the Economy, Volume 3 (MIT Press, 1989), chap. 1, https://www.nber.org/books-and-chapters/tax-policy-and-economy-volume-3/budget-deficits-tax-incentives-and-inflation-surprising-lesson-1983-1984-recovery.
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Working Paper
The first two years of the economic expansion that began in 1983 were unusually strong and were accompanied by better...