Finance and Economics Discussion Series

Name: Finance and Economics Discussion Series
SKU: 25750209
Price: 55.00 NZD
Availability: InStock

Government Debt

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Paperback

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Description

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.

Release date NZ

February 6th, 2013

Author

Audience

General (US: Trade)

Contributor

Created by United States Federal Reserve Board

Country of Publication

United States

Illustrations

black & white illustrations

Imprint

Bibliogov

Pages

Publisher

Bibliogov

Dimensions

189x246x4

ISBN-13

9781288721467

Product ID

25750209

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