Intro; Preface and Acknowledgements; Contents; List of Figures; List of Tables; Chapter 1 The Keynesian Revival; Abstract; 1.1 Introduction; 1.2 The G20 Fiscal Response to the Global Financial Crisis; 1.3 Non-Keynesian Perspectives; 1.3.1 Economics or Politics?; 1.3.2 The Paradox of Spending; 1.4 Gauging Multipliers; 1.5 What Lies Ahead; References; Chapter 2 Macro-foundations for Fiscal Analysis; Abstract; 2.1 Introduction; 2.2 Macro-accounting Foundations; 2.2.1 Sources of Funds; 2.3 Saving, Investment and Budget Deficits; 2.3.1 Budget Deficits and Government Borrowing
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2.3.2 Private Investment and Saving2.3.3 A Loanable Funds Framework; 2.4 Aggregate Demand and the Keynesian Cross; 2.4.1 Non-Keynesian Perspectives; 2.5 Output, Absorption and the Trade Balance; 2.5.1 Expenditure-Output Independence; 2.6 Conclusion; References; Chapter 3 Budget Deficits, Public Debt and Crowding Out; Abstract; 3.1 Introduction; 3.2 Closed Economy Loanable Funds Framework; 3.2.1 Modelling the Global Financial Crisis; 3.2.2 Macroeconomic Policy Response; 3.3 Open Economy Loanable Funds Framework; 3.4 Government Spending; 3.4.1 Open Economy: PCM
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3.4.2 Open Economy: ICM3.5 Income Tax Cuts; 3.6 Balanced Budget; 3.7 Expected Depreciation; 3.8 Conclusion; References; Chapter 4 Budget Deficits and National Income; Abstract; 4.1 Introduction; 4.2 Investment, National Output and National Income; 4.3 Government Spending; 4.3.1 Closed Economy; 4.3.2 Open Economy: PCM; 4.3.3 Open Economy: ICM; 4.4 Income Tax Cuts; 4.5 Balanced Budget; 4.6 Credit Rating Downgrades and Expected Depreciation; 4.7 Public Investment; 4.7.1 Closed Economy; 4.7.2 Open Economy: PCM; 4.7.3 Open Economy: ICM; 4.8 Conclusion; References
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6.2.1 Expenditure and Output in the Tradable and Non-tradable Sectors6.2.2 Monetary Relations; 6.2.3 The External Accounts and Capital Mobility; 6.3 Government Spending; 6.3.1 Public Spending on Tradables; 6.3.2 Public Spending on Non-tradables; 6.4 Unsustainable Current Account Deficits and Fixed Exchange Rates; 6.4.1 Unsustainable Current Account Deficits; 6.4.2 Government Spending Under Fixed Exchange Rates: ICM; 6.5 Conclusion; References; Chapter 7 Fiscal Consolidation; Abstract; 7.1 Introduction; 7.2 Public Debt Sustainability; 7.3 Reduced Government Spending
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Chapter 5 Fiscal Policy, Money and the Exchange RateAbstract; 5.1 Introduction; 5.2 The Basic Model; 5.2.1 The Real Sector; 5.2.2 The Monetary Sector; 5.2.3 Price Level Dynamics; 5.2.4 Longer Run Adjustment; 5.3 Monetary Policy Versus Fiscal Policy; 5.3.1 Monetary Stimulus; 5.3.2 Fiscal Stimulus; 5.3.3 Public Investment and Business Tax; 5.4 Conclusion; Appendix: Deriving the Model; The AE Schedule; The MM Schedule; References; Chapter 6 Fiscal Policy in a Dependent Economy; Abstract; 6.1 Introduction; 6.2 The Two-Sector Model
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ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
Springer Nature
Stock Number
com.springer.onix.9783319901589
OTHER EDITION IN ANOTHER MEDIUM
Title
Limits of Fiscal Policy.
International Standard Book Number
9783319901572
TOPICAL NAME USED AS SUBJECT
Expenditures, Public.
Fiscal policy.
Macroeconomics.
BUSINESS & ECONOMICS-- Economics-- Macroeconomics.