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.
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.
The Economic Effects of Budget Deficits and Government Spending
The Economic Effects of Budget Deficits and Government Spending - 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 Budget Deficits and Government Spending write by Robert J. Barro. This book was released on 1987. The Economic Effects of Budget Deficits and Government Spending available in PDF, EPUB and Kindle.
Economic Effects of the Government Budget
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 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.
