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Books > Business & Economics > Finance & accounting > Finance > Public finance
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The Economics of Public Debt - Proceedings of a Conference held by the International Economic Association at Stanford, California (Hardcover)
Loot Price: R4,372
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The Economics of Public Debt - Proceedings of a Conference held by the International Economic Association at Stanford, California (Hardcover)
Series: International Economic Association Series
Expected to ship within 10 - 15 working days
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This collection of essays presents new insights into the analyses
of public debt theory, recent historical episodes, econometric
analyses of public debt and policy dilemmas and options. The
subjects covered include optimal debt policy, the role of deficits
as a temporary stimulus in the course of disinflation, the
intergenerational equity aspects of public debt, public debt
problems in developing countries, indexing public debt for
inflation and various conceptual, accounting and measurement issues
in obtaining accurate information on deficits and public debt as
well as their impact on aggregate economic activity. The studies
document the explosion of public debt, the potential benefits and
costs associated with this explosion and the perceptions of the
debt problems from the viewpoints of various national economies as
well as the world economy. Professor Arrow was awarded the Alfred
Nobel Memorial Prize in Economic Science in 1972.
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