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The Economics of Public Deficits
1987There are three basic issues connected with the economic consequences of the flow of deficits and the resulting stock of public debt.
Franco Modigliani
exaly +2 more sources
Budget Deficits, Public Debt and the Level of Public Investment
2011This paper begins by briefly identifying the two traditions in macroeconomic analysis with regard to budget deficits, that of ‘fiscal consolidation and Ricardian equivalence’ and the ‘functional finance’ approach. The paper argues for the deficits/debt position to be approached in terms of ‘functional finance’, which sets the budget position to be ...
Malcolm Sawyer
exaly +2 more sources
Journal of Policy Modeling, 1999
Abstract The basic objective of the study is to investigate the main economic and policy variables that affect the growth of public deficits in the case of Greece. We prove that economic conditions have played a stabilizing role in general, while contrary to what is widely believed, policy variables seem to have been the most important factors ...
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Abstract The basic objective of the study is to investigate the main economic and policy variables that affect the growth of public deficits in the case of Greece. We prove that economic conditions have played a stabilizing role in general, while contrary to what is widely believed, policy variables seem to have been the most important factors ...
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The Budget Deficit and the Public Debt
1993Abstract The tax-reform hypotheses formulated so far may not appear sufficiently draconian to tackle the imbalances in Italy’s public finances. This is not in fact true; as explained above, since the sphere of direct and indirect public intervention in the Italian economy has to be reduced, we believe it is inappropriate to think of ...
Fiorella Padoa Schioppa Kostoris +1 more
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The Public's Views about Medicare and the Budget Deficit
New England Journal of Medicine, 2011Despite many years of dire warnings about the serious problems for the federal deficit posed by the projected growth in Medicare spending, it has been difficult for political leaders in Washington to find a long-term solution to this problem. One factor contributing to the continuing impasse has been the role played by public and voter opinion.
Robert J, Blendon, John M, Benson
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Money, Deficit and Public Debt in the United States
The Review of Economics and Statistics, 1989This study estimates the underlying parameters in a dynamic game between the fiscal and monetary authorities over the determination of public debt. These estimates reveal the policymakers attitude towards the goal of stabilizing the time path of public debt. The central finding is that, in the United States during the 1955-85 period, this goal has been
Tabellini, Guido, La Via, Vincenzo
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Public Goods and Budget Deficit [PDF]
, 2006 We examine incentive-compatible mechanisms for fair financing and efficient selection of a public budget (or public good). A mechanism selects the level of the public budget and imposes taxes on individuals. Individuals’ preferences are quasilinear.
Abraham Neyman, Tim Russo
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America's Public Diplomacy Deficit
1997Abstract : As the world adjusted in the 1860s to the invention of the telegraph, a British diplomat was heard to remark that the new era of instantaneous international communication heralded the dense of the ambassador role. What, after all, would be the role of envoys when governments could communicate directly? As an analysis of government's needs of
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