The Effects Of Government Deficits

DOWNLOAD

Download The Effects Of Government Deficits PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Effects Of Government Deficits book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

The Effects Of Government Deficits

DOWNLOAD
Author : Charles E. Dumas
language : en
Publisher:
Release Date : 1985

The Effects Of Government Deficits written by Charles E. Dumas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Budget deficits categories.

The Economic Consequences Of Government Deficits

DOWNLOAD
Author : L.H. Meyer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

The Economic Consequences Of Government Deficits written by L.H. Meyer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

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.

Budget Deficits And Macroeconomic Policy

DOWNLOAD
Author : J. Perkins
language : en
Publisher: Springer
Release Date : 1997-05-29

Budget Deficits And Macroeconomic Policy written by J. Perkins and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-29 with Business & Economics categories.

Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal macroeconomic objectives such as inflation and full employment, whereas other combinations will not. This is illustrated by using results from simulations for various OECD countries.

Budget Deficits And Economic Activity In Asia

DOWNLOAD
Author : Kanhaya Gupta
language : en
Publisher: Routledge
Release Date : 2006-07-13

Budget Deficits And Economic Activity In Asia written by Kanhaya Gupta and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-07-13 with Business & Economics categories.

The growth and persistence of government budget deficits is causing increasing concern in both developed and developing countries. They have provoked extreme responses: some economists hold that they have devasting effects, others that they have no real impact at all. Budget Deficits and Economic Activity in Asia examines both of these claims in the context of the Asian economies. After testing for the feasibility of the current levels of budget deficits and therefore of the current fiscal policies, the author turns to a quantification of the effects on money supply, inflation, aggregate demand and interest rates. The findings for the ten countries studied are far from uniform, but neither of the extreme positions is vindicated. Budget deficits are monetized to a considerable extent, thus impairing or at least reducing the ability of the monetary authority to pursue an independent monetary policy. The widespread view that budget deficits are inflationary because they increase the money supply receives only partial support. The apparent effects on interest rates appear to be positive and as the processes of fiscal deregulation accelerate, interest rates seem set to become even more sensitive to the behaviour of budget deficits. Countries covered include India, South Korea, Thailand and Taiwan.

The Effects Of Government Spending Under Limited Capital Mobility

DOWNLOAD
Author : Ms.Wenyi Shen
language : en
Publisher: International Monetary Fund
Release Date : 2012-05-01

The Effects Of Government Spending Under Limited Capital Mobility written by Ms.Wenyi Shen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-01 with Business & Economics categories.

This paper studies the effects of government spending under limited international capital mobility, as featured by most developing countries. While external financing of government debt mitigates the crowding-out effect, it generates real appreciation, which contracts traded output and lowers the fiscal multiplier in the short run. The decline of the multiplier is larger when facing debt-elastic country risk premia. Also, government spending is more expansionary with more home bias in government purchases, more sectoral rigidities, and a less flexible exchange rate. Whether the twin-deficit hypothesis holds depends crucially on the extent to which government deficits are financed externally.

Fiscal Deficits And Current Account Deficits

DOWNLOAD
Author : Mr.Michael Kumhof
language : en
Publisher: International Monetary Fund
Release Date : 2009-10-01

Fiscal Deficits And Current Account Deficits written by Mr.Michael Kumhof and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-01 with Business & Economics categories.

The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same assumption, fiscal deficits can have worrisome implications if they turn out to be permanent. First, if they occur in large countries they significantly raise the world real interest rate. Second, they cause a short run current account deterioration equal to around 50 percent of the fiscal deficit deterioration. Third, the longer run current account deterioration equals almost 75 percent for a large economy such as the United States, and almost 100 percent for a small open economy.

Budget Deficits And Debt

DOWNLOAD
Author : Siamack Shojai
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 1999-01-30

Budget Deficits And Debt written by Siamack Shojai and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-30 with Political Science categories.

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.

Bunching At 3 Percent The Maastricht Fiscal Criterion And Government Deficits

DOWNLOAD
Author : Francesca G Caselli
language : en
Publisher: International Monetary Fund
Release Date : 2018-08-03

Bunching At 3 Percent The Maastricht Fiscal Criterion And Government Deficits written by Francesca G Caselli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-03 with Business & Economics categories.

This paper estimates the effects of the Maastricht treaty’s fiscal criterion on EU countries’ general government deficits. We combine treatment effects methods with bunching estimation, and find that the 3 percent deficit rule acts as a “magnet”, increasing the number of observations around the threshold, while reducing the occurrence of both large government deficits and surpluses. After the rule is adopted, the distribution of government deficits among EU countries displays 20 percent excess mass around the deficit ceiling compared to a counterfactual distribution in which countries have the same observable characteristics but without the fiscal rule. Most of the bunching response comes from a reduction in the number of high deficit observations. We also find that the average treatment effect on fiscal deficits is positive and statistically significant. Finally, we derive country-specific impacts under a rank invariance assumption and find that all EU countries have seen their fiscal position improve on average as a result of the deficit rule.

Deficits And Dollars

DOWNLOAD
Author : F. R. Warren-Boulton
language : en
Publisher:
Release Date : 1982

Deficits And Dollars written by F. R. Warren-Boulton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Deficit financing categories.

Do Deficits Matter

DOWNLOAD
Author : Daniel Shaviro
language : en
Publisher: University of Chicago Press
Release Date : 1997-05

Do Deficits Matter written by Daniel Shaviro and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05 with Business & Economics categories.

Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal