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Deficits, Crowding Out and Inflation : The Simple Analytics

Buiter, Willem H. - 1983

formation and inflation in a number of small, classical macroeconomic models. This amounts to reworking some of the government … crowding-out pressure it represents. A better measure would be the inflation-and-real-growth-corrected, cyclically adjusted …-Wallace "paradox" - in the variable velocity model ,lower monetary growth now may mean higher inflation now and in the future -has its …

Persistent link: https://www.econbiz.de/10012478025

Finite Lifetimes and the Crowding Out Effects of Budget Deficits

Poterba, James M. - 1986

Persistent link: https://www.econbiz.de/10012477117

Crowding Out Or Crowding In? The Economic Consequences of Financing Government Deficits

Friedman, Benjamin M. - 1978

The prevailing view of the economic consequences of financing government deficits, as reflected in the recent economics literature and in recent public policy debates, reflects serious misunderstandings. Debt-financed deficits need not "crowd out" any private investment, and may even "crowd in"...

Persistent link: https://www.econbiz.de/10012478866

Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out Effects

Broner, Fernando - 2013

In 2007, countries in the euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010, they were facing severe debt problems. Spreads increased and,...

Persistent link: https://www.econbiz.de/10012458985

Monetary Policy and Debt Fragility

Camous, Antoine - 2014

The valuation of government debt is subject to strategic uncertainty, stemming from investors' sentiments. Pessimistic lenders, fearing default, bid down the price of debt. This leaves a government with a higher debt burden, increasing the likelihood of default and thus confirming the pessimism...

Persistent link: https://www.econbiz.de/10012458015

Fiscal Limits in Advanced Economies

Leeper, Eric M. - 2011

control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their …

Persistent link: https://www.econbiz.de/10012461838

International Capital Mobility and Crowding Out in the U.S. Economy : Imperfect Integration of Financial Markets or of Goods Markets?

Frankel, Jeffrey A. - 1985

Conventional wisdom in the field of international finance holds that the U.S. economy has become so open financiallly as to be characterized by perfect capital mobility: a highly elastic supply of foreign capital prevents the domestic rate of return from rising significantly above the world rate...

Persistent link: https://www.econbiz.de/10012477303

Debt into Growth : How Sovereign Debt Accelerated the First Industrial Revolution

Ventura, Jaume - 2015

Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britain's borrowing boom was beneficial. The massive issuance...

Persistent link: https://www.econbiz.de/10012457387

Real Interest, Money Surprises and Anticipated Inflation

Makin, John H. - 1981

This paper investigates the hypothesis that surprise changes in the money supply and anticipated inflation (the Mundell … surprises and expected real interest or an inverse relationship between anticipated inflation and expected real interest. These …

Persistent link: https://www.econbiz.de/10012478293

Transition from Inflation to Price Stability

Garber, Peter M. - 1981

followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed … to a government policy which subsidized heavy industry through the inflation tax proceeds. The "credibility problem …

Persistent link: https://www.econbiz.de/10012478387

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