Suchergebnisse

An examination of the relationship between the US government deficit & the sources of financing available. Sources of financing other than private domestic capital markets are identified, & measures are developed of the financing responses of both domestic & foreign monetary authorities to the US budget deficits of the past fifteen years. 2 Tables. Modified HA.

Re-examines the empirical evidence by using alternative measures of government deficits. Presents a model. (SJO)

THE STUDY EXAMINES THE RELATIONSHIP BETWEEN THE US GOVERNMENT DEFICIT ON A UNIFIED BUDGET BASIS AND THE VARIOUS AVAILABLE SOURCES OF FINANCING. THE AUTHOR DEVELOPS MEASURES OF THE FINANCING RESPONSES OF BOTH DOMESTIC AND FOREIGN MONETARY AUTHORITIES TO THE CONTINUING US BUDGET DEFICITS OF THE LAST FIFTEEN YEARS.

THIS STUDY EXAMINES THE RELATIONSHIP BETWEEN THE U.S. GOVERNMENT DEFICIT AND THE VARIOUS SOURCES OF FINANCING. IT IDENTIFIES THOSE SOURCES OF FINANCING OTHER THAN PRIVATE DOMESTIC CAPITAL MARKETS, AND DEVELOPS MEASURES OF THE FINANCING RESPONSES OF BOTH DOMESTIC AND FOREIGN MONETARY AUTHORITIES TO THE CONTINUING U.S. BUDGET DEFICIT OF THE PAST FIFTEEN YEARS.

ABSTRACTThis study examines the relationship between the U.S. government deficit on a unified budget basis and the various available sources of financing. It identifies those sources of financing other than private domestic capital markets that are available, and develops measures of the financing responses of both domestic and foreign monetary authorities to the continuing U.S. budget deficits of the past fifteen years.

This paper studies the relation between central and local government finances in Argentina. It first gives a brief account of the administrative organization in the country, then examines its fiscal structure, focusing on the composition of expenditures, revenues, and the public deficit. It concludes by analyzing the transfer system that shifts funds from the central to local governments, paying special attention to the revenue sharing law of 1987

The US federal deficit has, over the years, remained a subject of widespread concern and controversy. Diverse views continue to be expressed on such questions as whether the deficit matters, whether it is the inflation‐adjusted deficit that matters, whether bond‐financed deficits are inflationary, and whether it is only deficits that are financed by money creation which are inflationary. Against this background, few would disagree with Boskin (1982) that "progress in improving our understanding of the role of the budget deficit in economic behavior and performance… is an urgent research priority".

Government Deficit And Fiscal Reform In Japan presents a theoretical-based comprehensive analysis of economic consequences of government deficits and fiscal reform in Japan. Particular emphasis is directed at developing tools that can be applied to theoretically and empirically clarify essential economic concerns in Japan such as generational incidence of fiscal reform and a growing dependence on government bonds for covering financial deficits. This book evaluates the recent movement of Japanese fiscal reform and government deficit. The authors first summarize fiscal policy in 1990's. Then, they move on to investigate the macroeconomic impact of government dept and the sustainability problem, and then discuss benefits and costs of public investment. The political aspect of fiscal reconstruction movements in Japan is also examined. Finally, the authors investigate the behavior of central government's control on local governments' debt issuance and its effect on the real activities of local governments. This book points out that the long-run structural fiscal reform is more important than the short-run Keynesian fiscal policy in Japan

I Impact of Deficits on Monetary Growth and Inflation -- 1 Examining the Proposition that Federal Budget Deficits Matter -- Discussion -- 2 On the Monetization of Deficits -- Discussion -- II Impact of Deficits on Interest Rates and Capital Formation -- 3 Asset Substitutability and the Impact of Federal Deficits -- Discussion -- 4 Investment versus Savings Incentives: The Size of the Bang for the Buck and the Potential for Self-Financing Business Tax Cuts -- Discussion -- III The Political Economy of Deficits -- 5 Public Deficits in Normative Economics and Positive Political Theory -- 6 A Constitutional Cure for Deficits -- Discussion -- Discussion -- IV Keynote Address -- 7 Dealing with Deficits and the Rise in Federal Spending -- Contributing Authors.