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

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Consumption, Uncertainty and Ricardian Equivalence(Modigliani and Brumberg [20]; Modigliani . Al. [21]; Modigliani [19]) and the . (PIH) (Friedman, [12]) share this heritage. The more recent rational expectations based Random Walk Hypothesis of consumption (RWHC) (Hall [13]) also comes out of this variant. However, there seems to be still another c

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The Burden of Government Debt in an Almost Small Open Economypen economy has unrestricted access to the international capital market at a given world real interest rate (plus perhaps an exogenous country risk premium) and faces given world prices for its imports, but it has market power in its export sector because its exports are perceived to be imperfect su

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The Government Budget and the Italian Economy During the 1970s and 1980s: Causes of the Debt, Strateconomic systerm perceived as being somewhat strange; foreign commentators in particular incessantly wavered between forewarnings of inevitable crises and decline, and resounding praise of unexpected and surprising succes. However, harsh and one-sided value judgements must be avoided if the Italian s

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Debts and Deficits in Australiaf 1982. The net external debt, currently calculated at a bit more than 30% of GDP (with interest payments at about 3% of GDP), is growing rapidly due to a current account deficit that, in the second half of 1989, was approximately 5% of GDP. The spirited and, at times, hysterical controversy over th