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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 : David Romer
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (182 download)
Download or read book What are the Costs of Excessive Deficits? written by David Romer and published by . This book was released on 1988 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 : I. J. Harden
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (61 download)
Download or read book National Budgetary Procedures and the Avoidance of 'excessive Deficits'. written by I. J. Harden and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Entry & Exit Dynamics of 'Excessive Deficits' in the European Union written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vítor Castro
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (5 download)
Download or read book The Causes of Excessive Deficits in the European Union written by Vítor Castro and published by . This book was released on 2007 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ali H. Bayar
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (535 download)
Download or read book Wntry and Exit Dynamics of 'excessive Deficits' in the European Union written by Ali H. Bayar and published by . This book was released on 1999 with total page 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 : Eisaku Ide
Publisher : Routledge
ISBN 13 : 1317575865
Total Pages : 334 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 334 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 : Ali H. Bayar
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (437 download)
Download or read book Government Deficits in the European Union written by Ali H. Bayar and published by . This book was released on 2009 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Federal Reserve Bank of Kansas City
Publisher : Books for Business
ISBN 13 : 9781410215567
Total Pages : 484 pages
Book Rating : 4.2/5 (155 download)
Download or read book Budget Deficits and Debt written by Federal Reserve Bank of Kansas City and published by Books for Business. This book was released on 2004-07 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few economic issues have such far-reaching implications as excessive government budget deficits and debt. It is almost universally agreed that fiscal imbalances retard economic growth, impose heavy burdens on future generations, and heighten the risk of financial market disruption. It is also agreed, however, that correcting such imbalances is a difficult task. Around the world, countries are attempting to address the problem of excessive deficits and debt. This issue is at the core of many political and economic debates. To gain a better understanding of the problem and to consider potential solutions, the Federal Reserve Bank of Kansas City sponsored a symposium on Budget Deficits and Debt: Issues and Options at Jackson Hole, Wyoming, on August 31-September 2, 1995. A distinguished group of central bankers, finance ministers, academics, and financial market representatives shared their views and research results on this vital topic. The opening remarks are by Alan Greenspan, Chairman of the Board of Governors of the Federal Reserve System.
Author : Siamack Shojai
Publisher : Bloomsbury Publishing USA
ISBN 13 : 1567509312
Total Pages : 209 pages
Book Rating : 4.5/5 (675 download)
Download or read book Budget Deficits and Debt written by Siamack Shojai and published by Bloomsbury Publishing USA. This book was released on 1999-01-30 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection is a critical evaluation of the impact of fiscal imbalances on the economy of industrialized and developing countries as prepared by a diverse group of scholars involved in advanced research on public finance. Technical issues, economic consequences and the political economy of budget deficits and government debt are covered in one succinct volume. The work provides a balanced presentation of neo-classical views on measures of government deficits; the budget process and major budgetary legislation in the United States; and the impact of deficits on economic activity, exchange rates, inflation, financial markets, trade balance, and economic growth. It also examines the political economy of government budgets in the OECD, select developing economies, and South Africa. From the 1950s to the 1980s, economic activity and growth were affected by fiscal imbalances and excessive government activity in many countries. Although many actors have made retrenchment attempts, economic research has not resolved the conflicting arguments about the impact of fiscal imbalances on the global economy. This book provides a balanced presentation of all major issues related to the impact of fiscal activity on the economy.
Author : Michael Pettis
Publisher : Oxford University Press, USA
ISBN 13 : 9780195143300
Total Pages : 272 pages
Book Rating : 4.1/5 (433 download)
Download or read book The Volatility Machine written by Michael Pettis and published by Oxford University Press, USA. This book was released on 2001 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture. Bridging the gap between finance specialists and traders, on the one hand, and economists and policy-makers on the other, The Volatility Machine is critical reading for anyone interested in where the international economy is going over the next several years.
Author : Ali H. Bayar
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (64 download)
Download or read book Entry and Exit Dynamics of "excessive Deficits" in the European Union written by Ali H. Bayar and published by . This book was released on 1999 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Derek H.C. Chen
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (129 download)
Download or read book Intertemporal Excess Burden, Bequest Motives, and the Budget Deficit written by Derek H.C. Chen and published by . This book was released on 2016 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chen 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. Chen 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 intertemporal 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, Chen attempts to determine the factors that influence not only the intertemporal 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.This paper is a product of the Global Knowledge and Learning Division, World Bank Institute.
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 : Institute of Medicine
Publisher : National Academies Press
ISBN 13 : 0309101115
Total Pages : 425 pages
Book Rating : 4.3/5 (91 download)
Download or read book Sleep Disorders and Sleep Deprivation written by Institute of Medicine and published by National Academies Press. This book was released on 2006-10-13 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clinical practice related to sleep problems and sleep disorders has been expanding rapidly in the last few years, but scientific research is not keeping pace. Sleep apnea, insomnia, and restless legs syndrome are three examples of very common disorders for which we have little biological information. This new book cuts across a variety of medical disciplines such as neurology, pulmonology, pediatrics, internal medicine, psychiatry, psychology, otolaryngology, and nursing, as well as other medical practices with an interest in the management of sleep pathology. This area of research is not limited to very young and old patientsâ€"sleep disorders reach across all ages and ethnicities. Sleep Disorders and Sleep Deprivation presents a structured analysis that explores the following: Improving awareness among the general public and health care professionals. Increasing investment in interdisciplinary somnology and sleep medicine research training and mentoring activities. Validating and developing new and existing technologies for diagnosis and treatment. This book will be of interest to those looking to learn more about the enormous public health burden of sleep disorders and sleep deprivation and the strikingly limited capacity of the health care enterprise to identify and treat the majority of individuals suffering from sleep problems.
