The Economic Effects Of Restrictions On Government Budget Deficits PDF Download
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Author | : Christian Ghiglino |
Publisher | : |
Total Pages | : 39 |
Release | : 1998 |
Genre | : |
ISBN | : |
Download The Economic Effects of Restrictions on Government Budget Deficits Book 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.
Author | : L.H. Meyer |
Publisher | : Springer Science & Business Media |
Total Pages | : 243 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9400966849 |
Download The Economic Consequences of Government Deficits Book 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.
Author | : Robert J. Barro |
Publisher | : |
Total Pages | : 248 |
Release | : 1987 |
Genre | : |
ISBN | : |
Download The Economic Effects of Budget Deficits and Government Spending Book in PDF, ePub and Kindle
Author | : Elhanan Helpman |
Publisher | : |
Total Pages | : 0 |
Release | : 1988 |
Genre | : |
ISBN | : |
Download Economic Effects of the Government Budget Book in PDF, ePub and Kindle
Author | : Siamack Shojai |
Publisher | : Bloomsbury Publishing USA |
Total Pages | : 209 |
Release | : 1999-01-30 |
Genre | : Political Science |
ISBN | : 1567509312 |
Download Budget Deficits and Debt Book in PDF, ePub and Kindle
This edited collection is a critical evaluation of the impact of fiscal imbalances on the economy of industrialized and developing countries as prepared by a diverse group of scholars involved in advanced research on public finance. Technical issues, economic consequences and the political economy of budget deficits and government debt are covered in one succinct volume. The work provides a balanced presentation of neo-classical views on measures of government deficits; the budget process and major budgetary legislation in the United States; and the impact of deficits on economic activity, exchange rates, inflation, financial markets, trade balance, and economic growth. It also examines the political economy of government budgets in the OECD, select developing economies, and South Africa. From the 1950s to the 1980s, economic activity and growth were affected by fiscal imbalances and excessive government activity in many countries. Although many actors have made retrenchment attempts, economic research has not resolved the conflicting arguments about the impact of fiscal imbalances on the global economy. This book provides a balanced presentation of all major issues related to the impact of fiscal activity on the economy.
Author | : Aaron B. Wildavsky |
Publisher | : Univ of California Press |
Total Pages | : 210 |
Release | : 1980-01-01 |
Genre | : Political Science |
ISBN | : 9780520042278 |
Download How to Limit Government Spending Book in PDF, ePub and Kindle
Criticizes government spending policy, budgeting methods, and expenditures, calling for a constitutional amendment to curb inflation and limit federal spending
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy |
Publisher | : |
Total Pages | : 100 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : |
Download Perspectives on the Economic Implications of the Federal Budget Deficit Book in PDF, ePub and Kindle
Author | : Charles E. Dumas |
Publisher | : |
Total Pages | : 64 |
Release | : 1985 |
Genre | : Budget deficits |
ISBN | : |
Download The Effects of Government Deficits Book in PDF, ePub and Kindle
Author | : Lars Werin |
Publisher | : |
Total Pages | : 15 |
Release | : 1985 |
Genre | : |
ISBN | : |
Download Government Budget Deficits in Market Economics and Their Effects Book in PDF, ePub and Kindle
Author | : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization |
Publisher | : |
Total Pages | : 108 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
Download The Federal Budget Deficit and Its Impact on Long-term Economic Growth Book in PDF, ePub and Kindle