This book presents a theoretically-based comprehensive analysis of
macroeconomic consequences of fiscal policy using a popular
economic model: the overlapping generations growth model. A wide
range of essential public finance issues is analyzed, including the
effects of tax reform on dynamic efficiency, positive and normative
effects of public spending, considerations of taxes on fixed assets
and monetary holdings, and sustainability of deficits. A unique
approach is applied in the study of public finance: one expected to
generate substantial interest among current graduate students and
active researchers.
General
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