Because the federal government finances its budget shortfalls by issuing debt instruments to savers, budget deficits (all else constant) reduce the amount of private savings available for financing private investment here--and raise interest rates in the bargain. The twin deficit problem From helping...
The picture is even more clear when we look at Federal government investments: …and on the budget deficit: So based on history we can certainly say that Republican presidents tend to belessfiscally conservative than Democrat presidents and judging from the action in the bond markets today there...
BM Friedman - 《Economics of Large Government Deficits》 被引量: 8发表: 1983年 The Public Finances budget deficitnational debtpublic financegovernmentSummary Governments clearly have a big role to play in any economy, though the exact scale of their ... G Buckley,S Desai - John Wiley & Sons...
Greece has until the end of June to reach a reform deal with its international creditors. Its finances are running so low that it has had to ask public bodies for help. The crisis has raised the prospect that Greece might default(违约) on its debts and leave the euro.In a statement, ...
The Law on the Budget for 1994 was passed by the State Duma on June 24, 1994. In comparison with the draft prepared by the government in the middle of March, federal budget revenues were raised from 16.7 percent of the forecast GDP [gross domestic product] to 17.2 percent of the GDP, ...
Thus, it indicates that the general government finances show an underlying surplus independent of the cyclical situation. Similarly, a negative structural balance indicates that there is an underlying deficit in the goverment finances independent of the cyclical situation.The impact of the business cycle...
national debt- the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions) debt- money or goods or services owed by one person to another Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex...
The recent wave of recommendations of unlimited credit creation to\nfinance government expenditures to achieve economic growth and prosperity seems to\nbe ... S Javed - 《Political Economy Budget》 被引量: 0发表: 2019年 A Deficit of Leadership It has been a disappointing season for progressives...
A budget surplus occurs when income exceeds expenditures. The term often refers to a government's financial state because individuals have "savings" rather than a budget surplus. Asurplusis an indication that a government's finances are being effectively managed. How Much Was the Deficit Left by ...
A policy is said to be expansionary when the government spends more on budget items such as infrastructure or when taxes are lowered. Such policies are typically used to boost productivity and the economy. The policy iscontractionarywhen government spending decreases or taxes rise. Contractionary poli...