Budget Deficits and Economic Performance - Couverture rigide

Burdekin, Richard

Couverture rigide

ISBN 10 : 041507262X ISBN 13 : 9780415072625

Editeur : Routledge, 1992

Synopsis

Persistent and high budget deficits are one of the major problems of many advanced economies. However, some of the remedies to redress this situation create as many problems as they solve. A fixation with "balancing the budget" treats government outlays and tax revenues merely as accounting identities, devoid of economic content. In reality, the ramifications of budgetary changes on interest and exchange rates, the international trade balance and global flows are enormous. In "Budget Deficits and Economic Performance", the authors focus on the wider economic impact of budgetary reform. They combine historical with contemporary material. Institutions, and central banks, in particular have a critical role. This has particular significance for Europe as it has important implications for European Monetary Union and the proposed European System of Central Banks. The authors also address the international transmission effects of US macroeconomic policies on European economies - specifically those of Britain, France, Germany and Italy. In conclusion, they present a theoretical examination of optimal bank policy balanced with institutional pressures in conjunction with the political restructure.

A propos du livre

Présentation de l'éditeur

At the time in which this book was first published in 1992, there was a major concern with the macro-economic implications of fiscal imbalance. As the European economies moved closer to monetary union, and Germany grappled with the fiscal pressures of unification, deficits in the United States exceeded $300 billion. In this volume the authors address this issue, using both historical case-studies and cross-national comparisons. This book will be of interest to students of economics.

Détails de l'édition

• Éditeur: Routledge
• Date d'édition: 1992
• Langue: anglais
• ISBN 10: 041507262X
• ISBN 13: 9780415072625
• Reliure: Relié
• Nombre de pages: 256
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible