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Sustaining budget deficits in open economies / Farrokh K. Langdana.
- Format:
- Book
- Author/Creator:
- Langdana, Farrokh K., author.
- Language:
- English
- Subjects (All):
- Budget deficits--United States.
- Budget deficits.
- Balance of trade--United States.
- Balance of trade.
- Fiscal policy--United States.
- Fiscal policy.
- Government securities--United States.
- Government securities.
- United States--Economic conditions--1981-2001.
- United States.
- Physical Description:
- 1 online resource (217 p.)
- Edition:
- 1st ed.
- Place of Publication:
- London : Routledge, 2003.
- London ; New York : Routledge, 1990.
- Language Note:
- English
- Summary:
- In both the UK and USA economies the budget deficit remains a central weakness. In the light of this problem this book presents a consistent economic framework for analysing the effects and implications of large bond-financed deficits.
- Contents:
- Book Cover; Title; Contents; Preface; Acknowledgements; Introduction; Interpreting budget deficits; Stabilization policies; A brief history of government expenditures and deficits from Truman to Reagan; Rational expectations and the demise of discretionary stabilization policies; Rational expectations: some common misconceptions; Supply-side economics; 'Reaganomics' and deficits: success, failure, or incomplete revolution?; Another view of the 1980's deficits; Financing budget deficits; The sustainability of deficits: model description; The solution technique for rational expectations models
- Sustainability under exogenous domestic money International policy co-ordination; Sustainability with endogenous money creation: case II; Some macroeconomic implications of the crash of 1987; System of equations: case I; Weiner-Kolmogorov procedure; System of equations: case II; Notes; Bibliography; Index
- Notes:
- Description based upon print version of record.
- Includes bibliographical references (p. 191-195) and index.
- Description based on metadata supplied by the publisher and other sources.
- ISBN:
- 1-134-95812-9
- 1-134-95813-7
- 0-429-23101-6
- 1-280-32202-0
- 0-203-40586-2
- 9780429231018
- OCLC:
- 437078598
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