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Was Fiscal Policy in the Thirties a Failure?

✍ Scribed by Alvin H. Hansen

Book ID
125755748
Publisher
MIT Press
Year
1963
Tongue
English
Weight
184 KB
Volume
45
Category
Article
ISSN
0034-6535

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## Abstract This paper estimates a model of fiscal response to analyse the impact of aid on government consumption and investment, tax revenue and public borrowing in Nicaragua in 1966–2004. This country is an interesting case study since aid flowsβ€”i.e. grants and aid loansβ€”averaged more than 8 per