ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Are Deficits Always a Bad Thing

Budget Deficits and Economic Activity in Asia by Kanhaya L Gupta; Routledge, London, 1992; pp xii +198. A MAJOR debate on the deficit issue has been on for quite some time, involving ques- tions such as the following: Do deficits really matter? If they do, how should they be measured? Are deficits always a bad thing? If so, how should they be reduced

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