000			01737cam a22003137 4500
001			w5263
003			NBER
005			20211020114227.0
006			m o d
007			cr cnu||||||||
008			210910s1995 mau fo 000 0 eng d
100	1		_aBall, Laurence. _95562
245	1	0	_aWhat Do Budget Deficits Do? / _cLaurence Ball, N. Gregory Mankiw.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1995.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w5263
500			_aSeptember 1995.
520	3		_aThis paper discusses the effects of budget deficits on the economy in four steps. First, it reviews standard theory about how budget deficits influence saving, investment, the trade balance, interest rates, exchange rates, and long-term growth. Second, it offers a rough estimate of the magnitude of some of the effects. Third, it discusses how budget deficits affect economic welfare. Finally, it considers the possibility that continuing budget deficits in a country could lead to a 'hard landing' in which the demand for the country's assets suddenly collapses.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
700	1		_aMankiw, N. Gregory.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w5263.
856	4	0	_uhttps://www.nber.org/papers/w5263
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w5263
942			_2ddc _cW-PAPER
999			_c343089 _d301651