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Do deficits matter?

Author

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  • Owen F. Humpage

Abstract

An argument that despite ballooning federal debt levels, no proof exists that government budget deficits are related to interest rates or real exchange rates, and that the size and composition of the government's budget are at least as critical as the federal deficit in determining the nation's long-term economic growth.

Suggested Citation

  • Owen F. Humpage, 1993. "Do deficits matter?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
    • Handle: RePEc:fip:fedcec:y:1993:i:jun15
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    Keywords

    Budget deficits;

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