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Modigliani, F. (1961), 'Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt', Economic Journal .

Muller, P. and Price, R.W.R. (1984), 'Structural Budget Deficits and Fiscal Stance' , OECD Working Paper, no. 15.

Persson, T. (1983), 'Deficits and Intergenerational Welfare in Open Economies', NBER Working Paper, no. 1083.

Savage, D. (1982), 'Fiscal Policy 1974/5-1980/1: Description and Measurement', National Institute Economic Review , no. 99, February.

United States Department of the Treasury ( 1984), 'The Effects of Deficits on Prices and Financial Assets: Theory and Evidence', mimeo.