Journal Article Alvin Hansen and the Fiscal Policy Seminar Get access Walter S. Salant Walter S. Salant Brookings Institution Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 90, Issue 1, February 1976, Pages 14–23, https://doi.org/10.2307/1886082 Published: 01 February 1976

Journal Article A Note on the Effects of a Changing Deficit Get access Walter S. Salant Walter S. Salant Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 53, Issue 2, February 1939, Pages 298–304, https://doi.org/10.2307/1882891 Published: 01 February 1939

good deal of emphasis has also been placed, however, on the claimed benefits of such a shift to the United States balance-of-payments position. For example, the CED statement goes on to say that, A major advantage of a general excise tax is that it would tend to improve the ability of the United States to compete with others in world markets. This view assumes that the direct tax that is cut is the corporate profits tax and that a cut in it reduces prices of corporate output. The present paper calls to attention some influences that are frequently neglected in appraising the effects of such a shift on the balance of payments when these assumptions are valid. It then considers the effects of a cut in corporate taxes that does not reduce prices. Finally, it considers the balance-of-payments effects of making the cut in direct taxes in the individual income tax.

Walter S. Salant, Primary Effects on Employment of Shifts in Demand from Domestic to Foreign Products: Reply, The Review of Economics and Statistics, Vol. 40, No. 1, Part 2. Problems in International Economics (Feb., 1958), pp. 108-110

INC,CE the war there has been a constantly wider use of national income and product accounts as a framework for discussions of economic policy. standard treatment of international transactions in these accounts has confused many laymen, while its further development in the tables on The Nation's Economic Budget, which appeared first in the President's Economic Report itself (and now appear in the accompanying ElConomic Review by the Council of Economic Advisers), is even less clear. Beyond this, the foreign investment component of the gross national product presents a puzzling problem to those who wish to adjust the components of the national expenditure series for price changes or to make seasonal adjustments in the quarterly data. This article attempts to deal with some of the questions raised by the present treatment and to offer some positive suggestions, in the hope of stimulating further discussion. third part of the article attempts to explain how the concepts of receipts, expenditures, and particularly the net item excess of receipts or expenditures shown in The Nation's Economic Budget tables for the different sectors of the economy have actually been applied to international transactions.

Walter S. Salant, Beatrice N. Vaccara, Primary Effects on Employment of Shifts in Demand from Domestic to Foreign Products, The Review of Economics and Statistics, Vol. 40, No. 1, Part 2. Problems in International Economics (Feb., 1958), pp. 91-103