Fiscal Policy in Dynamic Economies
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"Economists have, in recent years, attributed the depressed economic conditions we are facing in the world to hysteresis, which is regarded as the permanent effect of fiscal consolidations after the global recession of 2008-2009. Tan Kim Heng’s book is timely and has significant contributions to this discussion because he forges an important link between fiscal consolidations and weakening future potential output in developed economies: spending on public investment, which is not a vote-enhancing policy instrument, always gives way to other forms of government spending." —CHEN Kang, Professor, Lee Kuan Yew School of Public Policy, the National University of Singapore
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The role of fiscal policy in short-run macroeconomic stabilization is, by now, well known in the academic literature and in policy circles. However, this focus on the short-run, especially in a democracy, means that much less attention has been paid to the other consequences of the use of fiscal policy. Les mer
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This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.
Detaljer
- Forlag
- Routledge
- Innbinding
- Paperback
- Språk
- Engelsk
- Sider
- 238
- ISBN
- 9781138318007
- Utgivelsesår
- 2018
- Format
- 23 x 16 cm
Anmeldelser
«
"Economists have, in recent years, attributed the depressed economic conditions we are facing in the world to hysteresis, which is regarded as the permanent effect of fiscal consolidations after the global recession of 2008-2009. Tan Kim Heng’s book is timely and has significant contributions to this discussion because he forges an important link between fiscal consolidations and weakening future potential output in developed economies: spending on public investment, which is not a vote-enhancing policy instrument, always gives way to other forms of government spending." —CHEN Kang, Professor, Lee Kuan Yew School of Public Policy, the National University of Singapore
»