Budget deficits and macroeconomic policy
著者
書誌事項
Budget deficits and macroeconomic policy
Macmillan Press , St. Martin's Press, 1997
- : uk
- : us
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注記
Includes bibliographical references (p. 162-163) and index
内容説明・目次
内容説明
Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal macroeconomic objectives such as inflation and full employment, whereas other combinations will not. This is illustrated by using results from simulations for various OECD countries.
目次
List of Tables - Preface - Introduction - General Considerations - Effects on Real Output - Effects on Employment and Unemployment - Effects on Inflation - Effects on National Net Wealth - The Relevance of the Setting of Monetary Policy and Exchange Rate Policy - Effects of Different Combinations of Fiscal Measures - Policy Conclusions - Appendix: Suggestions for Future Simulations - References - Index
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