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The Economics of Public Debt

Proceedings of a Conference held by the International Economic Association at Stanford, California
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Description

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.
Release date NZ
September 19th, 1988
Audiences
  • Postgraduate, Research & Scholarly
  • Undergraduate
Contributors
  • Edited by Kenneth J. Arrow
  • Edited by Michael J Boskin
Illustrations
XVII, 317 p.
Pages
317
Dimensions
140x216x22
ISBN-13
9780333468159
Product ID
1992555

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