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Public Debt, Secular Stagnation, and Functional Finance [PDF]
, 2015 Fiscal policy and public debt may be required to maintain full employment and avoid secular stagnation. This conclusion emerges from a range of different models, including OLG specifications and stock-flow consistent (post-) Keynesian models. One of the determinants of the required long-run debt ratio is the rate of economic growth. Low growth leads to
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Financing the Transport Function
International Journal of Physical Distribution, 1975The monograph examines firstly the magnitude of demand for capital investment in individual items of distribution equipment—ships, aircraft and motor vehicles, It then concentrates on financing motor transport, examining the objectives of acquisition analysis and the relative importance of the company controlling its own fleet.
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Ideas for Improving the Finance Function
2022There is no shortage of ideas, especially in the professional literature, for elevating the quality of the finance function. However, it turns out that much of that literature focuses only on improving financial processes or on the question of how to develop financial professionals from scorekeepers into business controllers.
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Finance function as a business system
INCOSE International Symposium, 2020AbstractThis paper introduces systems engineering approach to enhance the business design in addressing the complexities encountered in the design of a business function. Systems engineering has matured in analysis and working with complexities; in allowing inputs from disciplines such as framework design to influence the proposed architecture; and in ...
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Functional Finance and the Debt Ratio
SSRN Electronic Journal, 2012This post will explore at length (warning!) and in detail (another warning — wonk alert!) the MMT perspective on the debt ratio and fiscal sustainability. While the approach suggests a macroeconomic policy mix and strategies for both fiscal and monetary policies that most neoclassical economists currently believe are unsustainable, ultimately the MMT ...
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The Geography of Finance: Form and Functions
Geography Compass, 2011Abstract The financial system is a core component of any capitalist market economy, as it facilitates the allocation and deployment of economic resources, temporally and spatially, under conditions of risk and uncertainty. As such, understanding the form and functions of finance and financial systems across space and time is key to ...
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Functional Finance and Fiscal Function
This ambitious book seeks both to revive and revise the idea of ‘functional finance'. Followers of this doctrine believe that government budgets should concentrate solely on their macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline.openaire +1 more source