Current and Anticipated Deficits, Interest Rates and Economic Activity
Published Date
Copyright 1991
ISBN 0444892842
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Copy CitationOlivier J. Blanchard, International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics (Elsevier Science Publishers B.V., 1991), chap. 11, https://www.nber.org/books-and-chapters/international-volatility-and-economic-growth-first-ten-years-international-seminar-macroeconomics/current-and-anticipated-deficits-interest-rates-and-economic-activity.
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Working Paper
There is widespread feeling that current deficits, in Europe and the U.S.,may hurt rather than help the recovery. This...