Abstract T he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. On the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. So keeping the price stability plays an important role in de...

In keyword auctions, advertisers bid for keywords. Currently, bids and allocations are made on a per keyword basis. We show that this mechanism is neither efficient nor truthful under demand or budget constraints and provide a truthful efficient (quasi) polynomial mechanism for allocating keywords under budget constraints. As a side effect our proposed mechanism has higher revenue than the curr...

We present a model in which a conservative incumbent with preferences for low public spending can strategically run a budget deficit to prevent the left-wing opposition candidate from choosing high public spending if elected, and possibly also to ensure his own reelection. We find that the incumbent never manipulates the opposition candidate’s public spending if he can ensure his reelection; an...

The objective of this study to examine the econometric technique triple deficit’s hypothesis in existence multiple structural breaks. Triple deficit theory is a put forward by expanding twin theory, recognize private together with trade and budget investigate relationship among these under Keynesian approach. annual time series data has been used from 1975 2020. This applied techniques that cap...