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Sustaining budget deficits in open economies /
In both the UK and USA economies the budget deficit remains a central weakness. In the light of this problem this book presents a consistent economic framework for analysing the effects and implications of large bond-financed deficits.
| Call Number: | Libro Electrónico |
|---|---|
| Main Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
London ; New York :
Routledge,
1990.
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| Subjects: | |
| Online Access: | Texto completo |
Table of Contents:
- Book Cover; Title; Contents; Preface; Acknowledgements; Introduction; Interpreting budget deficits; Stabilization policies; A brief history of government expenditures and deficits from Truman to Reagan; Rational expectations and the demise of discretionary stabilization policies; Rational expectations: some common misconceptions; Supply-side economics; 'Reaganomics' and deficits: success, failure, or incomplete revolution?; Another view of the 1980's deficits; Financing budget deficits; The sustainability of deficits: model description; The solution technique for rational expectations models
- Sustainability under exogenous domestic money International policy co-ordination; Sustainability with endogenous money creation: case II; Some macroeconomic implications of the crash of 1987; System of equations: case I; Weiner-Kolmogorov procedure; System of equations: case II; Notes; Bibliography; Index