1st Edition
Sustaining Domestic Budget Deficits in Open Economies
By Farrokh Langdana
Copyright 1990
224 Pages
by
Routledge
224 Pages
by
Routledge
Also available as eBook on:
In recent times the US economy has been characterised by burgeoning budget and current account deficits and increasing amounts of foreign capital inflows. For the UK too, the budget deficit remains a central weakness in the economy. In the light of these problems this book presents a consistent economic framework for analysing the effects and implications of large bond-financed deficits. The... Read more
1. Introduction 2. Interpreting Budget Deficits 3. Stabilization 4. A Brief History of Government Expenditures and Deficits: From Truman to Reagan 5. Rational Expectations and the Demise of Stabilization 6. Rational Expectations: Some Common Misconceptions 7. Supply-Side Economics 8. Reaganomics And Deficits: Success, Failure Or Incomplete Revolution? 9. Another View Of The 1980's Deficits 10. Financing Budget Deficits 11. The Sustainability Of Deficits: Model Description. 12. The Solution Technique For Rational Expectations Models 13. Sustainability Under Exogenous Domestic Money 14. International Policy Coordination 15. Sustainability with Endogenous Money Creation: Case II 16. Some Macroeconomic Implications Of The Crash of 1987
Biography
Farrokh Langdana
