Farrokh Langdana

Sustaining Domestic Budget Deficits in Open Economies (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Farrokh Langdana makes an important contribution to the understanding of this complex area by presenting a consistent economic framework for analyzing the effects and implications of large bond-financed deficits. He uses an open-economy rational expectations model to explore to what extent governments can simply "roll-over" debt by issuing more bonds without any help from the monetary authority and examines the impact of foreign capital on the sustainability of domestic budget deficits, the behavior of exchange rates, and the possible effects of fiscal and monetary policies. This model is placed in the context of the major economic orthodoxies and their competing stances, and also of the American monetary history from Truman to Reagan and the crash of 1987.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 224
• Erscheinungstermin: 7. Dezember 1989
• Englisch
• ISBN-13: 9781134958122
• Artikelnr.: 47887460

Autorenporträt

Farrokh Langdana

Inhaltsangabe

1. Introduction 2. Interpreting Budget Deficits 3. Stabilization 4. A Brief
History of Government Expenditures and Deficits: From Truman to Reagan 5.
Rational Expectations and the Demise of Stabilization 6. Rational
Expectations: Some Common Misconceptions 7. Supply-Side Economics 8.
Reaganomics And Deficits: Success, Failure Or Incomplete Revolution? 9.
Another View Of The 1980's Deficits 10. Financing Budget Deficits 11. The
Sustainability Of Deficits: Model Description. 12. The Solution Technique
For Rational Expectations Models 13. Sustainability Under Exogenous
Domestic Money 14. International Policy Coordination 15. Sustainability
with Endogenous Money Creation: Case II 16. Some Macroeconomic Implications
Of The Crash of 1987