How do consumers adjust their spending when their budget changes? A common view is that the allocation of one’s current budget should not depend on previous budget allocations. Contrary to this, the authors find that when the budget contracts to a particular level, consumers select less variety (as measured by the number of different items with some of the budget allocated to them) than when th...

the main goal of this research is studying the causative & effect of deficit budget, money offering and inflation rate in iran during 1360-1390. the results in long time indicates that the bulk of money has had positive effect & meaning on inflation rate during that time and alteration of budget deficit of the government has also positive effect on inflation but by meaningless impress, in other...

the twin deficits (budget deficit and current account deficit) have been argued in the economic literature since 1980s. this is a period in which the studies about budget deficit and the current account deficit were significantly increased in the united states. in the economic literature, there are two hypothesis: keynesian hypothesis and ricardian equivalence. the keynesian proposition confirm...

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