Authors
Preston J. Miller
Former Vice President and Monetary Adviser
How Little We Know About Budget Policy Effects
Abstract
Using a simple model, we show why previous empirical studies of budget policy effects are flawed. Due to an identification problem, those studies’ findings can be shown to be consistent with either policies mattering or not.
Published in: _Quarterly Review_ (Vol. 16, No. 1, Winter 1992, pp. 2-11) https://doi.org/10.21034/qr.1611.
