Sustaining Domestic Budget Deficits in Open Economies

Hardcover (Print)
Buy New
Buy New from BN.com
$161.57
Used and New from Other Sellers
Used and New from Other Sellers
from $20.40
Usually ships in 1-2 business days
(Save 88%)
Other sellers (Hardcover)
  • All (10) from $20.40   
  • New (3) from $155.19   
  • Used (7) from $20.40   

Overview

In recent times the US economy has been characterised by burgeoning budget and current account deficits and increasing amounts of foreign capital inflows. For the UK too, the budget deficit remains a central weakness in the economy.
In the light of these problems this book presents a consistent economic framework for analysing the effects and implications of large bond-financed deficits. The author 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. He examines too, the impact of foreign capital on the sustainability of domestic budget deficits the behaviour 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 American monetary history from Truman to Reagan and the crash of 1987.
Focusing attention on a major problem in macroeconomics and for the chancellors of a number of economies, the book makes an important contribution to the understanding of this complex area.
Read More Show Less

Product Details

  • ISBN-13: 9780415037358
  • Publisher: Taylor & Francis
  • Publication date: 1/12/1990
  • Pages: 224
  • Product dimensions: 5.50 (w) x 8.50 (h) x 0.63 (d)

Table of Contents

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

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)