government bonds_ dur 7、ing the Great Depression.A) was reversedB) narrowed significantlyC) widened significantlyD) did not changeAnswer: C9) If income tax rates were lowered, thenA) the interest rate on municipal bonds would fall.B) the interest rate on Treasury bonds would rise.C) the ...
A second reason is that devaluation reduces the cost of interest payments on outstanding government debts. However from an emergy perspective, devaluation only exacerbates the problems by increasing the export of valuable resources and lowering the quantity of imported emergy, which ultimately slows the...
Intuitively, the negative response of (expected) inflation to a government spending shock increases the real interest rate in our model when the economy is at the ZLB. As a result, private consumption declines in response to the fiscal expansion, leading to a lower government spending multiplier....
Figure 3.4 shows that as a consequence of that increased public spending, the UK government was generating public budget deficits from 2002 onwards in a period when the UK economy was achieving reasonable levels of economic growth. As the UK economy slowed down so the public budget deficit ...
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Is the budget deficit sustainable when fiscal policy is non-linear? The case of Spain Threshold cointegrationNon-linearityIn this paper, we re-examine the long-run sustainability of budget deficits, when fiscal policy is conducted as a non-... DR Esteve - 《Journal of Macroeconomics》 被引量...
With backing from the Indian agent of Washington Territory, George Paige, the federal government appeared ready to move ahead with the Duwamish reservation when the settlers got wind of the plan and moved to squash it. As Paige noted in a report, “The white settlers in the neighborhood ...
profits, capital, and goods. A surplus exists when unpurchased products remain on store shelves or income earned exceeds expenses paid. Abudget surplusexists within governments when tax revenue is left over after all government programs are financed. ...
A budget surplus is when a body (such as the U.S. government) spends less money during an accounting period than it takes in through revenue. A deficit is when spending is higher than revenue, requiring the government to borrow money in order to finance its activities. ...
This theory only holds when inflation is weak or at least contained, however. MMT supporters say that government borrowing becomes a problem only when it raises aggregate demand to inflationary levels. A government budget shouldn't be compared to a household budget because a government can print m...