Creator

• Miller, Preston J.
• Roberds, William

Series

• Quarterly review (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• Vol. 16, No. 1

Date created

• 1992 Winter

Abstract

• We use a simple model to 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 policies either mattering or not. We argue that this problem is difficult and not likely to be resolved soon.

Related information

• Related paper: Staff Report 120: How Little We Know About Budget Policy Effects

Date modified

• 06/02/2020

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Article

DOI

•  https://doi.org/10.21034/qr.1611

In Collection:

• Quarterly Review

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