Fiscal Policy in Dynamic Economies

Business & Finance, Economics
Cover of the book Fiscal Policy in Dynamic Economies by Kim Heng Tan, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kim Heng Tan ISBN: 9781134870127
Publisher: Taylor and Francis Publication: June 3, 2016
Imprint: Routledge Language: English
Author: Kim Heng Tan
ISBN: 9781134870127
Publisher: Taylor and Francis
Publication: June 3, 2016
Imprint: Routledge
Language: English

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. By studying the intergenerational-welfare aspects of fiscal policy, this book deals with some fundamental issues of fiscal policy. Why does public debt tend to rise over time in democracies? Why is there a tendency for government spending on consumption and on social security to grow? Why do governments fail to invest in public capital adequately? Should a dollar transferred from the young be treated as a dollar transferred to the old? By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. What criteria should be used to define a successful foreign-aid programme? Why is foreign aid likely to fail in a world of global wealth disparity? Can reliance be placed on the international coordination of austerity to improve welfare in the long run? Is austerity accompanied by international transfers superior to austerity unaccompanied by international transfers?

This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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. By studying the intergenerational-welfare aspects of fiscal policy, this book deals with some fundamental issues of fiscal policy. Why does public debt tend to rise over time in democracies? Why is there a tendency for government spending on consumption and on social security to grow? Why do governments fail to invest in public capital adequately? Should a dollar transferred from the young be treated as a dollar transferred to the old? By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. What criteria should be used to define a successful foreign-aid programme? Why is foreign aid likely to fail in a world of global wealth disparity? Can reliance be placed on the international coordination of austerity to improve welfare in the long run? Is austerity accompanied by international transfers superior to austerity unaccompanied by international transfers?

This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.

More books from Taylor and Francis

Cover of the book Hegel and Psychoanalysis by Kim Heng Tan
Cover of the book Distinctions in the Flesh by Kim Heng Tan
Cover of the book Negotiating a Good Death by Kim Heng Tan
Cover of the book Models of the Mind by Kim Heng Tan
Cover of the book Stalin and the Soviet Union by Kim Heng Tan
Cover of the book The Industrial System (Routledge Revivals) by Kim Heng Tan
Cover of the book Metaphor and Philosophy by Kim Heng Tan
Cover of the book GenX Religion by Kim Heng Tan
Cover of the book Chinese Civil-Military Relations by Kim Heng Tan
Cover of the book Pricing and the Sales Force by Kim Heng Tan
Cover of the book Routledge Handbook of Sport Management by Kim Heng Tan
Cover of the book The Collector's Voice by Kim Heng Tan
Cover of the book Children's Health In Primary Schools by Kim Heng Tan
Cover of the book American Education by Kim Heng Tan
Cover of the book Audiobooks, Literature, and Sound Studies by Kim Heng Tan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy