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Author : Willem H. Buiter
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.X/5 (2 download)
Download or read book Excessive Deficits written by Willem H. Buiter and published by . This book was released on 1992 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephanie Kelton
Publisher : PublicAffairs
ISBN 13 : 1541736206
Total Pages : 311 pages
Book Rating : 4.5/5 (417 download)
Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.
Author : Fred L. Morrison
Publisher : Springer
ISBN 13 : 3319412051
Total Pages : 353 pages
Book Rating : 4.3/5 (194 download)
Download or read book Fiscal Rules - Limits on Governmental Deficits and Debt written by Fred L. Morrison and published by Springer. This book was released on 2016-08-11 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines legal limitations on government deficit and debt and its impact on the ability of nations to provide services to their residents. It studies constitutional and statutory limitations, as well as those imposed by international treaties and other instruments, including those of both the European Union and the International Monetary Fund. The book contains a general report examining the fiscal rules that govern the budgets and expenditures of nation states. The general report is followed by a special report which covers the limits imposed by the European Union and by the smaller group of countries constituting the Eurozone. Ten national reports, describing the limits in their respective countries, form the basis of the general report. These countries include eight members of the European Union (five of which use the Euro and three of which do not), one other European state and one non-European state. The reports include two countries in which constitutional “debt brakes” limit national deficit and debt.
Author : Derek Hung Chiat Chen
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4./5 ( download)
Download or read book Intertemporal Excess Burden, Bequest Motives, and the Budget Deficit written by Derek Hung Chiat Chen and published by World Bank Publications. This book was released on 2003 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author aims to empirically determine the significant factors that affect the levels of budget deficits of central governments across time and across countries. He empirically tests two prominent theories of budget deficits-the Barro (1979) tax-smoothing approach, and the still-untested theory of negative bequest motives advocated by Cukierman and Meltzer (1989). The author uses econometric techniques including fixed-effects (both country and time) panel regressions spanning 87 countries over the period 1975 to 1992, and the Griliches treatment of missing data. The author finds relatively stronger statistical support for the tax-smoothing approach among developing countries but not in industrial countries. The existence of empirical evidence supporting the theory of negative bequest motives is indeterminate. The author also conducted post-regression analyses to assess the proportion of observed differences in budget deficits the factors were actually able to explain. These reveal that both theories are generally weak in accounting for inter-temporal changes in budget deficit shares for both industrial and developing countries. The theories performed significantly better in accounting for cross-section differences. The author has many contributions to the literature. First, he analyzes the question of what determines the size of central government budget deficits using cross-country time series data leading into the 1990s. Second, he provides empirical tests of the still-untested Cukierman-Meltzer (1989) negative bequest motive theory of budget deficits. By using the panel data, the author attempts to determine the factors that influence not only the inter-temporal differences in budget deficits but also those factors that lead to cross-country differences. Last but not least, he provides some preliminary evidence that poverty reduction is necessary for long-term government budget deficit reduction.
Author : Charles E. Dumas
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (321 download)
Download or read book The Effects of Government Deficits written by Charles E. Dumas and published by . This book was released on 1985 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on the Budget
Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.:/5 (327 download)
Download or read book Monetary Policy and Its Relationship to Deficits written by United States. Congress. House. Committee on the Budget and published by . This book was released on 1984 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eisaku Ide
Publisher : Routledge
ISBN 13 : 1317575873
Total Pages : 286 pages
Book Rating : 4.3/5 (175 download)
Download or read book Deficits and Debt in Industrialized Democracies written by Eisaku Ide and published by Routledge. This book was released on 2015-03-24 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, have fared the same. Indeed, even prior to the financial crisis, the fiscal fates of countries have been diverging, despite predictions that pressures from economic globalization push countries toward more convergent fiscally conservative policies. Featuring the work of an international interdisciplinary team of scholars, this volume explains patterns of fiscal performance (persistent patterns of budget deficits and government debt) from the 1970s to the present across seven countries – France, Italy, Germany, Japan, South Korea, Sweden, and the United States. Employing a comparative case study approach, seldom employed in studies of fiscal performance, contributions illuminate the complex causal factors often overlooked by quantitative studies and advances our theoretical understanding of fiscal performance. Among other things, the cases highlight the role of taxpayer consent, tax structure, the welfare state, organization of interests, and labor and financial markets in shaping fiscal outcomes. A necessary resource to understand a broader array of factors that shape fiscal outcomes in specific national contexts, this book will reinvigorate the study of fiscal performance.
Author : Etienne de Callataÿ
Publisher : Leuven University Press
ISBN 13 : 9058679233
Total Pages : 329 pages
Book Rating : 4.0/5 (586 download)
Download or read book The Return of the Deficit written by Etienne de Callataÿ and published by Leuven University Press. This book was released on 2012 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the outbreak of the financial crisis in 2008 Belgium's fiscal balances and debt ratios seemed to be on a firm consolidation path. Today, however, Belgium is facing a major budgetary challenge, albeit to some extent lesser than that of other European countries. This book offers a closer look at the evolution of public finance in Belgium over the decade 2000-2010. It covers Belgium's macro-economic environment, its budgetary policy, changes to the tax system and social security, the evolution of public expenditure, debt management, and fiscal federalism.
Author : Mr.Daniel Leigh
Publisher : International Monetary Fund
ISBN 13 : 1455294691
Total Pages : 41 pages
Book Rating : 4.4/5 (552 download)
Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Author : Daniel Shaviro
Publisher : University of Chicago Press
ISBN 13 : 9780226751122
Total Pages : 362 pages
Book Rating : 4.7/5 (511 download)
Download or read book Do Deficits Matter? written by Daniel Shaviro and published by University of Chicago Press. This book was released on 1997-05 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal
Author : Dimitry Kochenov
Publisher : Bloomsbury Publishing
ISBN 13 : 1782254838
Total Pages : 796 pages
Book Rating : 4.7/5 (822 download)
Download or read book Europe’s Justice Deficit? written by Dimitry Kochenov and published by Bloomsbury Publishing. This book was released on 2015-04-30 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gradual legal and political evolution of the European Union has not, thus far, been accompanied by the articulation or embrace of any substantive ideal of justice going beyond the founders' intent or the economic objectives of the market integration project. This absence arguably compromises the foundations of the EU legal and political system since the relationship between law and justice-a crucial question within any constitutional system-remains largely unaddressed. This edited volume brings together a number of concise contributions by leading academics and young scholars whose work addresses both legal and philosophical aspects of justice in the European context. The aim of the volume is to appraise the existence and nature of this deficit, its implications for Europe's future, and to begin a critical discussion about how it might be addressed. There have been many accounts of the EU as a story of constitutional evolution and a system of transnational governance, but few which pay sustained attention to the implications for justice. The EU today has moved beyond its initial and primary emphasis on the establishment of an Internal Market, as the growing importance of EU citizenship and social rights suggests. Yet, most legal analyses of the EU treaties and of EU case-law remain premised broadly on the assumption that EU law still largely serves the purpose of perfecting what is fundamentally a system of economic integration. The place to be occupied by the underlying substantive ideal of justice remains significantly underspecified or even vacant, creating a tension between the market-oriented foundation of the Union and the contemporary essence of its constitutional system. The relationship of law to justice is a core dimension of constitutional systems around the world, and the EU is arguably no different in this respect. The critical assessment of justice in the EU provided by the contributions to this book will help to create a fuller picture of the justice deficit in the EU, and at the same time open up an important new avenue of legal research of immediate importance.
Author : James K. Jackson
Publisher : DIANE Publishing
ISBN 13 : 1437983073
Total Pages : 24 pages
Book Rating : 4.4/5 (379 download)
Download or read book Limiting Central Government Budget Deficits written by James K. Jackson and published by DIANE Publishing. This book was released on 2011-08 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis and economic recession spurred governments to boost fiscal expenditures to stimulate economic growth and to provide capital injections to support their financial sectors. The surge in fiscal spending, combined with a loss of revenue, has caused government deficit spending to rise sharply when measured as a share of GDP and increased the overall level of public debt. Budget deficits likely will stabilize, but are not expected to fall appreciably for some time. Contents of this report: Overview and Background; Austerity Measures in Europe; Impact on Gov¿t. Budgets; Fiscal Consolidation: Country Efforts; Recent EU Austerity Measures; Budget Rules; Budget Rules in Europe: The Stability and Growth Pact. A print on demand report.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 926416250X
Total Pages : 217 pages
Book Rating : 4.2/5 (641 download)
Download or read book Development Centre Seminars Democracy, Decentralisation and Deficits in Latin America written by OECD and published by OECD Publishing. This book was released on 1998-03-09 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the impact of political decentralisation in Latin America? This book considers the problems raised by political decentralisation in the region and identifies the challenges ahead. Political decentralisation tends to devolve a certain amount ...
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Impact of Deficits on Interest Rates, Savings, Investment, and the Dollar written by United States. Congress. Joint Economic Committee and published by . This book was released on 1984 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Damian Chalmers
Publisher : Cambridge University Press
ISBN 13 : 1139487884
Total Pages : 1209 pages
Book Rating : 4.1/5 (394 download)
Download or read book European Union Law written by Damian Chalmers and published by Cambridge University Press. This book was released on 2010-06-24 with total page 1209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This eagerly awaited new edition has been significantly revised after extensive user feedback to meet current teaching requirements. The first major textbook to be published since the rejuvenation of the Lisbon Treaty, it retains the best elements of the first edition – the engaging, easily understandable writing style, extracts from a variety of sources showing the creation, interpretation and application of the law and comprehensive coverage. In addition it has separate chapters on EU law in national courts, governance and external relations reflecting the new directions in which the field is moving. The examination of the free movement of goods and competition law has been restructured. Chapter introductions clearly set out what will be covered in each section allowing students to approach complex material with confidence and detailed further reading sections encourage further study. Put simply, it is required reading for all serious students of EU law.
Author : Dennis S. Ippolito
Publisher : Cambridge University Press
ISBN 13 : 1139851578
Total Pages : 301 pages
Book Rating : 4.1/5 (398 download)
Download or read book Deficits, Debt, and the New Politics of Tax Policy written by Dennis S. Ippolito and published by Cambridge University Press. This book was released on 2012-11-12 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Constitution grants Congress the power 'to lay and collect taxes, duties, imposts and excises'. From the First Congress until today, conflicts over the size, role and taxing power of government have been at the heart of national politics. This book provides a comprehensive historical account of US tax policy that emphasizes the relationship between taxes and other budget components. It explains how wars, changing conceptions of the domestic role of government, and beliefs about deficits and debt have shaped the modern tax system. The contemporary focus of this book is the partisan battle over budget policy that began in the 1960s and triggered the disconnect between taxes and spending that has plagued the budget ever since. With the US government now facing its most serious deficit and debt challenge in the modern era, partisan debate over taxation is almost completely divorced from fiscal realities.
Author : Elli Louka
Publisher : Edward Elgar Publishing
ISBN 13 : 1839102683
Total Pages : 416 pages
Book Rating : 4.8/5 (391 download)
Download or read book The Global Economic Order written by Elli Louka and published by Edward Elgar Publishing. This book was released on 2020-04-24 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring in depth the institutions that underpin the global economy, this study provides invaluable insights into why a minimum economic order has endured for so long and why states are unwilling to establish a maximum order, a global safety net for all. The author investigates how debt – a critical component of states’ economic infrastructure – leads to debilitating crises, and how these crises undermine the economic autonomy and political independence of states.
