Can Expenditure Cuts Eliminate a Budget Deficit? The Australian Experience

Deficit law makes first round of budget cuts

Galen Gruman, Assistant Editor transfer the burden to other areas as Nondefense cuts. Nondefense areas The Balanced Budget and Emergency long as the average is 4.9 percent. The did not suffer such severe cuts because Deficit Control Act, popularly known Defense Department's Advanced the Gramm-Rudman law does not let as the Gramm-Rudman law, cut 4.3 perResearch Projects Agency is perhaps the red...

Leading The Ignorant: Can Ignorance Eliminate The Free Riding Problem?

Budget Constrained Expenditure Multipliers

We show that standard expenditure multipliers capture economy-wide effects of new government projects only when financing constraints are not binding. In actual policy making, however, new projects usually need financing. Under liquidity constraints, new projects are subject to two opposite effects: an income effect and a set of spending substitution effects. The former is the traditional, unre...

Budget cuts and the plight of postdocs.

The Australian terrestrial carbon budget

V. Haverd, M. R. Raupach, P. R. Briggs, J. G. Canadell, S. J. Davis, R. M. Law, C. P. Meyer, G. P. Peters, C. Pickett-Heaps, and B. Sherman CSIRO Marine and Atmospheric Research, P.O. Box 3023, Canberra ACT 2601, Australia University of California, Dept. of Earth System Science, Irvine, CA, USA CSIRO Marine and Atmospheric Research, PB1, Aspendale, Victoria 3195, Australia CICERO, P.O. Box 1129...