ANNOTATED BIBLIOGRAPHY ON FEDERAL DEFICIT 2
Annotated Bibliography on Federal Deficit
Barro, R. J. (1989). The Ricardian approach to budget deficits. Journal of Economic
perspectives, 3(2), 37-54.
The journal provides a critical analysis of the impact of budget deficits in the US
economy. The author also discusses some of these effects that affect the US because of its
budget deficit: This includes; low economic growth rate, interest rates that are high, low
savings, and large deficits in current-account. The journal main focus is on an alternative
theory associated with David Ricardo (The Ricardian approach) as an approach used to
solve the issue of the budget deficit in the US. The article will be important in my study
as it will give me one approach on how to address the issue of budget deficits.
Hubbard, G. (2012). Consequences of government deficits and debt. International Journal of
Central Banking, 8(S1), 203-235.
The author’s main concern in this journal is addressing the consequences that arise due to
large budget deficits. His main focus is the economic analysis of budget deficits in
governments. The economic analysis reviewed in the article includes, consequences such
as, the increase in the real interest rates, higher tax burden, and imbalances that occurs
due to relying on foreign saving. Knowing the consequences of federal deficits is critical
as it give me the knowledge on how federal deficit has affected the economy, which is
important in my study
Carroll, D., & Lindner, J. (2011). Reducing the federal deficit: approaches in some other
countries. Economic Commentary, (Oct).