The Means to Prosperity Fiscal Policy Reconsidered Routledge International Studies in Money and Banking Series
Coordonnateurs : Berglund Per Gunnar, Vernengo Matias
While recent developments in monetary theory have been fast to spread to policy analysis and practice and the media, the same is not true of fiscal policy, and a void has emerged. Issues such as timing, cyclical adjustments, long-term sustainability, and social implications are often seen as detached from discussions in the public arena.
This book fills this gap. It delivers a keen assessment of the role and scope of current fiscal policy. New contributions and critical reviews of state of the art research analyze fiscal policy in terms of viability, potency, consequences and sustainability, and also shed light on its relation to economic and political ideas.
The general tone of this volume is cautiously favourable of fiscal activism, although the emphasis is placed more on medium-term adjustments than on short-term ?fine-tuning?. The authors believe that the legacy of the last fiscal revolution has been an excessively negative view of deficits and debt, and believe that this volume will contribute to open a dialogue on fiscal issues, and bring back a more balanced view of fiscal policy. With contributions from leading authorities including Barbara Bergmann, Jeffrey Frankel and David Colander, this is a major new contribution to the field.
Matias Vernengo is Assisstant Professor of Economics at the University of Utah, Salt Lake City, USA.
Date de parution : 05-2013
15.6x23.4 cm
Date de parution : 11-2005
Ouvrage de 256 p.
15.6x23.4 cm
Thème de The Means to Prosperity :
Mots-clés :
Pe Rc; fiscal; Fiscal Policy; policy; Functional Finance; functional; Primary Surplus; finance; Government Debt; interest; Intertemporal Budget Constraint; rate; MP Curve; aggregate; Functional Finance Approach; demand; Supply Side Equilibrium; budget; Federal Reserve; deficit; Gdp Ratio; Public Debt; Eighth Quarter; Nominal Deficit; Counter-cyclical Fiscal Policy; Long Run Growth Rates; fG DP; Post Keynesian; Countercyclical Fiscal Policy; Capital Output Ratio; Sound Finance Principles; Goods Market Equilibrium; Debt Ratio; Dynamic Scoring; Mark 1