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EAIMOL, W. J. and CHANDLER, L. V. ECONOMIC PROCESSES AND POLICIES, New York: 1954. BAUMOL, W. J- and PESTON, M. H. More on the multiplier effects of a balanced budget, AMERICAN ECONOMIC REVIEW, vol. 45, March 1955. Argument that an increase in govt, expenditures on goods and serivices matched by an equal use in taxes, will tend to result in a rise in natl. income equal to the tax-expenditure change, is likely to be misleading in 2 respects. (1) the argument vill be seen to apply equally veil to all multiplier analysis, but it seems that the misunderstanding has been greatest in the balanced budget case. Several veil-known provisos attached to the argument of Vallich. Income might sometimes even be reduced. Case of a general sales tax. Assumptions on the nature of the tax structure and on the nature of governmental expenditures. "Leakages11 in governmental tax expenditure program. CONRAD, Alfred H. The multiplier effects of redistributive public budgets, THE REVIEW OF ECONOMICS AND STATISTICS, XXXVII, May, 1955. GEHRELS, Franz Inflationary effects of a balanced budget under full employment, AMERICAN ECONOMIC REVIEW, XXHX, December, 1949, pp. 1276-77* analysis of consumption taxes in light of modern theory of income determination GEHRELS, Franz Inflationary effects of a balanced budget under full employment AER, XXXIX, Dec. 1949, gp. 1276-78 GEHRELS, Frvns "Inflationary Effects of a Balanced Budget u»der Pull Employment,» AMERICAN ECONOMIC REVIEW, Vol. 39, Deceaber, 1949, pp. 1276-1278. Tw GOODWIN, R. M. Multiplier Effects of a Balanced Budget: The Implication of s Lag for Mr. Kaavelmo's Analysis," ECONOMETEICA, XIV, April, 1946, pp. 150-51. GRANIE, J. The budgetary equilibrium, a wrong guarantee against inflation, OPENBARE FINANCIEN, Vol. 4, no. 3, 1949. 18 pp. HAAVELMO, T. "Multiplier Effects cf a Balanced Budget," ECONOMETEICA, XIII, October, 1945, pp. 311-13. Reprinted in READINGS IN FISCAL POLICY, ed. fcy A. Smithies and J. K. Butters (Irwin, 1955), chap. 21. "Multiplier Effects of a Balanced Budget: Reply," ECONOMETRIC/, XIV, April, 1946, pp. 156-58. HABERLER, G., Goodwin, R. M., Hagen, E. E. and Haavelmo "Multiplier Effects of a Balanced Budget, ECOWOMETRICA, vol. U , April 1946, pp. 148-58 HAEERLER, Gottfried "Multiplier Effects of a Balanced Budget: Sorae Monetary Implications of Mr. Haavelmo's Paper,M ECONOMETRICA, H V , A p r i l , 194-6, p p . 1A8--49. HAGEN, £. E. "Multiplier Effects of a Balanced Budget: Further Analysis, ECONOMETRICA, XIV, April, 1946, pp. 152-55. •The balanced-budget theorem," ECONOMIC RECORD, XXXI, May, 1955, pp. 95-97. HIGGINS, Benjamin A Note on Taxation and Inflation, CANADIAN JOURNAL OF ECONOMICS & POLITICAL SCIENCE, HX, August, 1953, pp. 392-402. McKEAN, Roland NThe Keynesian framework and money income, AMERICAN ECONOMIC REVIEW, Vol- 40, September, 1950, pp- 620-622. balanced budget multiplier PESTON, Maurice H. A Note on the Balanced Budget M u l t i p l i e r , " AMERICAN ECONOMIC REVIEW, XLIV, March, 1954, pp. 1 2 9 - 3 0 . SAMUELSON, Paul A. "The Simple Mathematics of Income Determination," in INCOME, EMPLOYMENT, AND PUBLIC POLICI, ESSAYS IN HONOB OF ALVIN H. HANSEN. Nev York: Norton, 1948. TURVES, Ralph "Some Notes on M u l t i p l i e r Theory," AMERICAN ECONOMIC REVIEW, XLIII, June, 1 9 5 3 , pp. 275-95. VAtXICH, Henry C. "Income-Generating Effects of a Balanced Budget," QUARTERLY JOUHNM, OF ECONOMICC, LIX, November, 1 9 U , pp. 73-91. fcHITE, V. E. •Measuring the Inflationary Significance of a Government Budget," IMF STAFF PAPEP.S, I, April, 1951, pp. 355-78.
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