Sustaining Domestic Budget Deficits in Open Economies (Hardcover, Annotated Ed)

Farrokh Langdana makes an important contribution to the understanding of this complex area by presenting a consistent economic framework for analyzing the effects and implications of large bond-financed deficits. He uses an open-economy rational expectations model to explore to what extent governments can simply "roll-over" debt by issuing more bonds without any help from the monetary authority and examines the impact of foreign capital on the sustainability of domestic budget deficits, the behavior of exchange rates, and the possible effects of fiscal and monetary policies. This model is placed in the context of the major economic orthodoxies and their competing stances, and also of the American monetary history from Truman to Reagan and the crash of 1987.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Release date:	December 1989
First published:	1990
Authors:	Farrokh Langdana
Dimensions:	216 x 138 x 21mm (L x W x T)
Format:	Hardcover
Pages:	224
Edition:	Annotated Ed
ISBN-13:	978-0-415-03735-8
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Promotions
LSN:	0-415-03735-2
Barcode:	9780415037358

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