Annotated Bibliography On Federal Deficit

Running head: ANNOTATED BIBLIOGRAPHY ON FEDERAL DEFICIT 1

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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).

ANNOTATED BIBLIOGRAPHY ON FEDERAL DEFICIT 3

The article provides a perspective that is focused on how to reduce federal deficits in

governments. The article also explains how the problem of federal deficit has become a

serious challenge and how it has affected the modern economy. It explores the

approaches used by United Kingdom and Canada in an effort to address the issue of

federal deficits. Reducing federal deficit is the key theme in my study; hence the article

will help me to achieve this.

Anderson, J. E. (2013). Government Debt and Deficits.

From the article, government deficits and debts are reviewed from both the economic and

biblical perspective. Biblical teachings in regards to debts a, and its implications on

public policy are discussed. A recent history of debt and deficit in both the United States

and globally is discussed. A review of economic effects both external and internal that

arises from government debts and deficit is also analyzed. A review of biblical teaching

in my study is important in my study as it will check the religion perspective on the issue

of debt.

Dewald, W. G. (1985). CBO and OMB projections, adjusted for inflation, show federal budget

deficit under control.

The article provides information on why federal budget deficits have continued to be a

big challenge in many countries. The author applies the OMB and CBO projections based

on Congressional Budget Resolution of 1986 to address the challenge of the federal

budget deficit. The article also addresses the effects of federal budget deficits like low

real interest rates and the reduction of the real value of government debt held publicly.

Many countries have failed in an attempt to get solutions on the challenges of federal

ANNOTATED BIBLIOGRAPHY ON FEDERAL DEFICIT 4

deficit, this article is critical in my study as it gives an overview of why this countries

have failed, which may help in coming up with solutions.

Yochum, G. (2009). The Current Federal Debt and Deficit Debate in the US. Journal of Finance

and Management in Public Services, 10(2), 1-13.

In this article, Yochum addresses the magnitude and the severe effects of federal debt and

deficit that has crippled the United States economy. The article also talks about the

challenges that are encountered in an attempt to address this situation of federal debt and

deficit. A review of long-term effects on federal deficit is also reviewed, and finally, the

article gives suggestions on how to address this challenge of federal deficit. In addressing

the severe effects of federal deficits, the article will help me know how economies have

suffered from this issue; hence the need to come up with proper solutions to address this

issue.

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Annotated bibliography on federal deficit

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