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Subject:
HES: QUERY -- crowding out and twin deficits
From:
[log in to unmask] (Evan Jones)
Date:
Fri Mar 31 17:18:22 2006
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----------------- HES POSTING ----------------- 
 
Does anybody know of the lineage of the 'crowding out' thesis (public  
borrowing crowds out private borrowing), and of the 'twin deficits'  
thesis (current account deficits are driven by budget deficits)?   
 
No doubt crowding out has a long lineage, but I am especially  
interested in how these propositions have appeared in the 1970s and  
1980s and how they came to Australia.   
 
Evan Jones 
 
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