Titlebook: DebtDeficit And Economic Performance; Mario Baldassarri (Professor of Economics),Robert Book 1993 Palgrave Macmillan, a division of Macmi

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Debts and Deficits in Alternative Macroeconomic Modelser the appropriate roles of monetary, fiscal, debt and exchange rate policies in economic management. In the two decades following the publication of the ., Keynesian views were predominant in macroeconomic theory and economic policy. Classical views, however, were sustained by the abortive Keynesia

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The Debt Money Ratio: What Are the Limits?e US federal budget deficits has renewed interest in the topic. Most of the studies have concentrated on the same questions; one of them concerns the possible ways of financing the deficit. In general, a government deficit must be financed by selling bonds and printing money. The issue is: Can the m

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Finite Horizons, Infinite Horizons, and Stock Pricese modeled as having finite horizons. If households are instead modeled as having infinite horizons, budget deficits need not stimulate aggregate demand and hence need not affect output, employment, asset prices, and the price level. The reason is that households with infinite horizons do not view th

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The Effects of Industrial Country Fiscal Policies on Developing Countries in the 1980s . Al. [6]), but much less empirical analysis using multicountry general equilibrium models of the linkages between the industrial countries (the north) and the developing countries (the south) (1). In this paper, we make use of two recently developed global models, the IMF’s . (Masson, Symansky, .

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The Effect of the Tax System on the Impact of Government Debtg the concomitant changes in fiscal and monetary policies that could be expected, so the impact of changes in national debt resulting from deficits cannot be determined withoret looking into the tax structure that is likely to be involved in ultimately paying off the debt. Indeed fairly drastic diff

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Alternative Tax Systems and Structural Changeast decade. Traditionally, theoretical literature on taxation effects is more involved in equity than in efficiency and structural effects of different tax systems. Quantitative studies in this field have been mainly concerned with issues such as aggregate control of demand and supply, external unba