Sustaining Domestic Budget Deficits in Open Economies

Sustaining Domestic Budget Deficits in Open Economies Farrokh Langdana makes an important contribution to the understanding of this complex area by presenting a consistent economic framework for analyzing the effects and implications of large bond financ

  • Title: Sustaining Domestic Budget Deficits in Open Economies
  • Author: Farrokh K. Langdana
  • ISBN: 9780203405864
  • Page: 169
  • Format: ebook
  • Farrokh Langdana makes an important contribution to the understanding of this complex area by presenting a consistent economic framework for analyzing the effects and implications of large bond financed deficits He uses an open economy rational expectations model to explore to what extent governments can simply roll over debt by issuing bonds without any help fromFarrokh Langdana makes an important contribution to the understanding of this complex area by presenting a consistent economic framework for analyzing the effects and implications of large bond financed deficits He uses an open economy rational expectations model to explore to what extent governments can simply roll over debt by issuing bonds without any help from the monetary authority and examines the impact of foreign capital on the sustainability of domestic budget deficits, the behavior of exchange rates, and the possible effects of fiscal and monetary policies This model is placed in the context of the major economic orthodoxies and their competing stances, and also of the American monetary history from Truman to Reagan and the crash of 1987.

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      Posted by:Farrokh K. Langdana
      Published :2018-04-21T03:12:24+00:00

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