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Budget Deficits

Rhetoric and Reality

Bibliographic Data

ID4029629
AuthorsRobert Eisner (William R. Kenan Professor of Economics, Northwestern University, Evanston, Illinois., corresponding author)
Year1989
Volume3
Issue2
Pages73-93
Publication date1989-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.3.2.73
OpenAlexW2119410858
LanguageEN
Citations received14
References cited2

Whatever the real or imagined ills of the economy, the news media, most politicians and a fair proportion of the economics profession are quick to point to the culprit: "the budget deficit." No matter that few appear to know or care precisely what deficit they are talking about or how it is measured. No matter that few bother to explain in terms of a relevant model just how government deficits may be expected to impact the economy. No matter that few offer any empirical data to sustain their judgments. I believe there are serious problems with our fiscal policy. These relate to fundamental national priorities and the provision of public goods, now and for the future. But the current size of the federal deficit is not "our number one economic problem," if indeed it is a problem at all

Debt · Deficit spending · Economics · Federal budget · Fiscal year · Government budget · Macroeconomics · Positive economics · Public economics · Public finance · Rhetoric · Financial Literacy, Pension, Retirement Analysis · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Finance

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Unique citing works14
Citations per year0,41
Citation span1992 - 2026 (35)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 10

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