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Modelling the US Federal Spending Process: Overview and Implications

In: The Grants Economy and Collective Consumption

Author

Listed:
  • Michael Dempster

    (Iiasa)

  • Aaron Wildavsky

    (University of California)

Abstract

The purpose of this paper is to show how inflation is endemic to the budgetary process of the United States Federal Government. To do this we relate models of government expenditure to models of the economy, thus joining in theory what have in practice always been together.

Suggested Citation

  • Michael Dempster & Aaron Wildavsky, 1982. "Modelling the US Federal Spending Process: Overview and Implications," International Economic Association Series, in: R. C. O. Matthews & G. B. Stafford (ed.), The Grants Economy and Collective Consumption, chapter 13, pages 267-309, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-05377-3_13
    DOI: 10.1007/978-1-349-05377-3_13
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