| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086445 | Japan and the World Economy | 2006 | 7 Pages |
Abstract
Macroeconomic models of all stripes incorporate descriptions of fiscal policy as explicit history-contingent plans. Relative to those ideal descriptions, American fiscal policy today is ambiguous. This short paper, the text of a lunch time talk, describes how American fiscal policy has been ambiguous since the birth of the Republic and how some past ambiguities were resolved.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thomas J. Sargent,