Presents the monthly estimates of the Federal Government in the USA from 1932‐1937. States that in 1937 the contribution has declined below the levels of the other recent years, reflecting in part a decrease in expenditures but more largely an increase in tax receipts. Investigates how the contribution was measured and its significance. Examines the significance of the 1937 decline in contribution and proposes that there may be a decrement to buying power in the first half of 1938.
(2004), "The decline in the Federal contribution to the growth in community expenditures: October 19, 1937", Journal of Economic Studies, Vol. 31 No. 3/4, pp. 329-330. https://doi.org/10.1108/01443580410699466Download as .RIS
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