The Macroeconomics of Financing Government Expenditure: A Survey of the Static Consequences
"This book surveys the main issues relating to the static macroeconomic consequences of the government budget constraint, that is, the effects of alternative sources of financing government expenditure on macroeconomic variables such as inflation, exchange rates, interest rates, national output, private savings and investment. Government expenditure is constrained by available sources of finance, broadly divided into internal and external sources. The study advocates a judicious balance between the alternative sources for the financing mix to be adequate as well as consistent with macroeconomic stability."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
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Sources of Foreign Finance
Sale of Government Assets
aggregate and/or Appendix assets balance bonds Budget Deficits capital flight capital flows central bank central bank independence ceteris paribus Chapter consumption costs debt Deficit Monetization developing countries discussion domestic Dornbusch economic Economist effect enterprises equitable taxation approach equity exchange rate external financing government expenditure fiscal deficit Fischer and Easterly foreign aid foreign borrowing global Gooptu household savings impact important incentives income increase in government India inflation rate inflation tax inflationary inflows insofar interest rates International issues Laffer Curve lead loanable funds macroeconomic ment mental accounting monetary creation money supply non-tax revenue noted NPF mechanism oo oo optimal taxation percent political Portfolio Investment private investment private savings Rajan ratio reducing relatively Ricardian Equivalence seigniorage significant Singapore social source of finance suggests supply-side supply-side economics Tanzi tax rates tax reform tax revenues tax system Washington D.C. White and Woestman World Bank