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Finance and Economics Discussion Series - Government Debt (Paperback) Loot Price: R466
Discovery Miles 4 660
Finance and Economics Discussion Series - Government Debt (Paperback): United States Federal Reserve Board

Finance and Economics Discussion Series - Government Debt (Paperback)

United States Federal Reserve Board; Douglas W. Elmendorf, N. Gregory Mankiw

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Loot Price R466 Discovery Miles 4 660

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This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short run and crowding out in the long run. It next examines the theoretical and empirical debate over the theory of debt neutrality called Ricardian equivalence. Finally, the paper considers the various normative perspectives about how the government should use its ability to borrow.

General

Imprint: Bibliogov
Country of origin: United States
Release date: February 2013
First published: February 2013
Creators: United States Federal Reserve Board
Authors: Douglas W. Elmendorf • N. Gregory Mankiw
Dimensions: 246 x 189 x 4mm (L x W x T)
Format: Paperback - Trade
Pages: 76
ISBN-13: 978-1-288-72146-7
Categories: Books > Social sciences > Politics & government > General
LSN: 1-288-72146-3
Barcode: 9781288721467

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