巴罗宏观经济学：现代观点第12章.pptVIP

Macroeconomics Chapter 12 Data on Government Expenditure Government expenditure is the dollar amount spent at all levels of government for Data on Government Expenditure Data on Government Expenditure Data on Government Expenditure Data on Chinese Government Expenditure The Government’s Budget Constraint Government budget constraint: total uses of funds = total sources of funds Gt + Vt = Tt + ( Mt? Mt?1)/ Pt real purchases+ real transfers = real taxes+ real revenue from money creation The Government’s Budget Constraint Gt represent government purchases in real terms for year t. Ct +