UID:
almafu_9959235663702883
Format:
1 online resource (217 p.)
Edition:
1st ed.
ISBN:
1-134-95812-9
,
1-134-95813-7
,
0-429-23101-6
,
1-280-32202-0
,
0-203-40586-2
Content:
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.
Note:
Description based upon print version of record.
,
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
,
English
Language:
English
DOI:
10.4324/9780203405864
