The purpose of this paper is to derive a framework for quantifying the contribution of the most important economic and policy variables to the public sector deficit. The method involves behavioral relations, identities for some key macroeconomic and sector variables and an accounting breakdown of the consolidated public sector deficit. This allows one to compare the direct effects of various foreign and domestic economic shocks on the deficit with...
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INFORMATION
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1989/12/31
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Document de travail de recherche sur les politiques
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WPS321
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1
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1
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2010/07/01
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Economic and policy determinants of public sector deficits
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public sector deficit