rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: Limits of Fiscal Policy
  name:
    name part: Makin, Anthony J.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2018
    edition: 1st ed. 2018.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XIII, 121 p. 34 illus. online resource.
  abstract: This book presents alternative macroeconomic perspectives, primarily open economy, on the limitations of discretionary fiscal policy, with a focus on government spending. Following an overview on the post-crisis Keynesian revival and of the macro-foundations needed for subsequent analysis, different perspectives are expounded that highlight the failings of fiscal activism. These perspectives include extended loanable funds analysis, an expenditure-output related model incorporating money and exchange rates, and a dependent economy framework. The approaches are used to examine investment and net export crowding out effects and their implications for national income, and are then adapted to show the macroeconomic impact of different fiscal consolidation measures, revealing that the nature of fiscal repair is critical. A concluding chapter evaluates the nexus between budgetary policy and confidence, summarises the key failings of fiscal activism, and suggests fiscal policy goals. The book will appeal to university lecturers and researchers in macroeconomics and economists working in government and the private sector.
  table of contents: 1. The Keynesian Revival -- 2. Macro-Foundations for Fiscal Analysis -- 3. Budget Deficits, Public Debt and Crowding Out -- 4. Budget Deficits and National Income -- 5. Fiscal Policy, Money and the Exchange Rate -- 6. Fiscal Policy in a Dependent Economy -- 7. Fiscal Consolidation -- 8. Recasting Fiscal Policy.
  note: by Anthony J. Makin.
  subject:
    topic: Economic policy
  subject:
    topic: Macroeconomics
  subject:
    topic: Economic Policy
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  classification: HD87-87.55
  classification: 338.9
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783319901589
  identifier: https://doi.org/10.1007/978-3-319-90158-9
  record info:
    record creation date: 180524
    record change date: 20190703151058.0
    record identifier: 978-3-319-90158-9