Similar Search Results

Principles of Budgetary and Financial Policy

Buiter, Willem H. - The MIT Press

economic theory can be applied to the study of fiscal, financial, and monetary policy and examining the contributions of such … economists have split the study of fiscal and financial policy: the microeconomic theory of neoclassical public finance and the … macroeconomic neoKeynesian theory of stabilization policy. The book's introductory section sets the scene through broad ranging …

Persistent link: https://www.econbiz.de/10004973024

Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1986

The paper considers the response of a small, open dependent economy to a variety of fiscal and financial shocks. It also examines the influence of alternative budget-balancing rules on the response of the economy to external shocks, such as a change in the world interest rate. The approach...

Persistent link: https://www.econbiz.de/10005498001

Allocative and Stabilisation Aspects of Budgetary and Financial Policy

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1984

The Paper deals with the principles that should govern the design of budgetary and financial policy. The analytical divorce between stabilisation policy, which concerns deviations from full employment (or full information) equilibrium and allocative policy which concerns the full employment (or...

Persistent link: https://www.econbiz.de/10005666519

Measuring Aspects of Fiscal and Financial Policy

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1984

The paper develops a forward-looking comprehensive accounting framework for the public sector. By integrating the public sector budget constraint forward in time the government's present value budget constraint (PVBC) is obtained. In addition to the familiar financial assets and liabilities,...

Persistent link: https://www.econbiz.de/10005789062