Abstract

  


 



The Sector Financial Balances Model of Aggregate Demand and Austerity


Scott T. Fullwiler


Wartburg College; Bard College - The Levy Economics Institute
June 9, 2011


Abstract:     
This paper uses the sector financial balances model of aggregate demand to illustrate the effects of fiscal austerity policies on the economy. It further demonstrates that government deficits are not directly controllable by policy makers but are rather endogenous to the responses of the private sector to austerity policies.

Number of Pages in PDF File: 6

Keywords: fiscal policy, government deficits, sector financial balances, aggregate demand, austerity

JEL Classification: E6, H3, H6

working papers series


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Date posted: June 10, 2011  

Suggested Citation

Fullwiler, Scott T., The Sector Financial Balances Model of Aggregate Demand and Austerity (June 9, 2011). Available at SSRN: http://ssrn.com/abstract=1860625 or http://dx.doi.org/10.2139/ssrn.1860625

Contact Information

Scott T. Fullwiler (Contact Author)
Wartburg College ( email )
222 Ninth St. NW
Waverly, IA 50677
United States
Bard College - The Levy Economics Institute ( email )
Blithewood
Annandale-on-Hudson, NY 12504-5000
United States
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