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operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …
Persistent link: https://www.econbiz.de/10011852035
The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of … general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit …
Persistent link: https://www.econbiz.de/10014473823
Greening the Budget regards the fundamental cause of environmental degradation as government and market failure and proposes the use of budgets as an instrument of environmental policy to rectify this problem. The book focuses on the elements of the public budget which currently affect the...
Persistent link: https://www.econbiz.de/10011850982
"Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon the assumption that various age-specific rates and policy variables remain unchanged when it comes to generating government expenditures...
Persistent link: https://www.econbiz.de/10012416712
Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...
Persistent link: https://www.econbiz.de/10011851797
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together … his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the …pt. 1. Keynesianism, monetarism and rational expectations -- pt. 2. Monetary regimes and inflation -- pt. 3. Markets …
Persistent link: https://www.econbiz.de/10011852116
, that it is not only contemporary international economic theory which takes account of these issues …
Persistent link: https://www.econbiz.de/10011850822
Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. Careful design of these policies in second-best environments is a very important factor for their...
Persistent link: https://www.econbiz.de/10014473851
issues in the macroeconomic theory of different forms of open economies under differing degrees of dependency …
Persistent link: https://www.econbiz.de/10014473925
This important new book enhances our understanding of the dynamic interactions between economic activity, economic growth, pollution abatement and environmental policy. It addresses one main policy problem: how can the direct and indirect costs of environmental policy for multiple pollutants be...
Persistent link: https://www.econbiz.de/10014474004