Economic Effects of the Government Budget - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Effects of the Government Budget write by Elhanan Helpman. This book was released on 1988. Economic Effects of the Government Budget available in PDF, EPUB and Kindle.
The Economic Effects of Restrictions on Government Budget Deficits
The Economic Effects of Restrictions on Government Budget Deficits - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Effects of Restrictions on Government Budget Deficits write by Christian Ghiglino. This book was released on 1998. The Economic Effects of Restrictions on Government Budget Deficits available in PDF, EPUB and Kindle. In overlapping-generations economies with perfect financial markets and lumpsum taxation, restrictions on the government budget deficits do not limit the set of achievable allocations. For economies in which tax instruments are distortionary and limited in number, deficits are irrelevant only in the unrealistic case in which the number of tax instruments is large relative to the number of policy goals. In particular, if the government can use only anonymous consumption taxes, then achieving the prescribed deficits without changing the equilibrium allocation will typically be impossible when the number of consumers exceeds the number of commodities. A similar result holds if consumer credit is (exogenously) restricted. Surprisingly, in this case, distortionary taxes may be more likely than lump-sum taxes to lead to the irrelevance of government deficits. Journal of Economic Literature Classification Numbers: D51, D91, E32. Keywords: Balanced Budget, Balanced-Budget Amendment, Burden of the Public Debt, Comparative Statics, Consumption Taxes, Credit Restrictions, Distortionary Taxes, Economic Policy, Government Budget Deficit, Maastricht Treaty, Optimal Taxation, Overlapping Generations.
State Government Budget Stabilization
State Government Budget Stabilization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook State Government Budget Stabilization write by Yilin Hou. This book was released on 2013-01-30. State Government Budget Stabilization available in PDF, EPUB and Kindle. This book is the first comprehensive, full-scale treatment of the law, politics and economics with regard to the policies and policy instruments for budget stabilization at the state level. Covering the period from 1946 through 2008 in the United States, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, public service provision, and some other aspects of social and economic life. With the lingering effects of the most recent financial crisis and economic downturn, and the subsequent Tea Party movement advocating smaller government and deficit reduction, this book carries timely and important theoretical as well as practical implications, particularly in regard to the potential for counter-cyclical fiscal policy in mitigating negative impacts during a recession. The first contribution of the book is in public finance theory: it provides insights into the applications of the stabilization function in the context of strong government, thereby refining Keynesianism. The second aspect is in Public Choice: the creation and functioning of budget stabilization funds offer extra evidence to demonstrate that the general public provides input and voice in more than the conventional ways when it comes to policy making, even in an area dominated by strong government. The third aspect is in policy making, exploring the opportunities for refining policy tools in preparation for future downturns.
The Economics of the Government Budget Constraint
The Economics of the Government Budget Constraint - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economics of the Government Budget Constraint write by Stanley Fischer. This book was released on 1989. The Economics of the Government Budget Constraint available in PDF, EPUB and Kindle.
The Economic Consequences of Government Deficits
The Economic Consequences of Government Deficits - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Consequences of Government Deficits write by L.H. Meyer. This book was released on 2012-12-06. The Economic Consequences of Government Deficits available in PDF, EPUB and Kindle. On October 29 and 30, 1982, the Center for the Study of American Business and the Institute for Banking and Financial Markets at Washington "The Economic Consequences of University cosponsored a conference on Government Deficits. " This was the sixth annual Economic Policy Con ference sponsored by the Center, and the first it has cosponsored with the Institute. This book contains the papers and comments delivered at that conference. Recent and prospective large federal deficits have prompted a thorough reconsideration of the political sources and economic consequences of government deficits. The papers in Part I focus on the implications of deficits for monetary growth and inflation, and the papers in Part II consider the effect of deficits on interest rates and capital formation. The papers in Part III deal with the political sources and remedies for the explosive growth in government spending and increased reliance on deficits. The papers in Part I by Alan S. Blinder, Professor of Economics at Princeton University, and Preston J. Miller, Assistant Vice President and Research Advisor at the Federal Reserve Bank of Minneapolis, discuss the relation between monetary growth and deficits and present evidence on the of deficits on inflation and output. A deficit is said to be monetized effects vii viii THE ECONOMIC CONSEQUENCES OF GOVERNMENT DEFICITS when the Federal Reserve purchases bonds to aid the Treasury in financing the deficit.
