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THE ECONOMIC SIGNIFICANCE OF BUDGET OUTCOMES
BUDGET OUTCOMES AND CAPITAL MARKETS
IMPROVING THE ANALYTICAL FRAMEWORK
accounting activity actual aggregate demand analysis argue assets balanced budget billion borrowing budget balance budget deficit budget outcomes budget process budgetary business cycle capital budget capital investments capital markets changes committees Congress Congressional Budget Congressional Budget Office consumption cost countercyclical credit budget credit programs cyclical decisions defense direct loans dollar economic economists economy's effects Eisner estimates expectations federal budget federal credit federal debt Federal Government Federal Reserve fiscal policy forecast functional finance funds future goals government spending government's gross gross national product high employment higher impact income increase inflation inflationary issues Keynesian legislation limit long-term major measure monetarist monetary base monetary policy monetization money growth nominal off-budget output Phillips Curve primary deficit private sector problem procedures projects raise rational expectations real interest rates receipts recession reduce relative require revenues rise surplus Treasury unem unified budget Wallich