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The limits of fiscal policy

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The limits of fiscal policy/ by Anthony J. Makin.
Author:	Makin, Anthony J.
Published:	Cham :Springer International Publishing : : 2018.,
Description:	xiii, 121 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Fiscal policy. -
Online resource:	http://dx.doi.org/10.1007/978-3-319-90158-9
ISBN:	9783319901589

The limits of fiscal policy
Makin, Anthony J.

The limits of fiscal policy[electronic resource] /by Anthony J. Makin. - Cham :Springer International Publishing :2018. - xiii, 121 p. :ill., digital ;24 cm.

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.

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.

ISBN: 9783319901589

Standard No.: 10.1007/978-3-319-90158-9doiSubjects--Topical Terms:

556261
Fiscal policy.

LC Class. No.: HJ192.5 / .M355 2018

Dewey Class. No.: 339.52

The limits of fiscal policy
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245 1 4 $a The limits of fiscal policy $h [electronic resource] / $c by Anthony J. Makin.
260 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Pivot, $c 2018.
300 $a xiii, 121 p. : $b ill., digital ; $c 24 cm.
505 0 $a 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.
520 $a 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.
650 0 $a Fiscal policy. $3 556261
650 0 $a Expenditures, Public. $3 556258
650 0 $a Macroeconomics. $3 554837
650 1 4 $a Economics. $3 555568
650 2 4 $a Political Economy/Economic Policy. $3 1171858
650 2 4 $a Macroeconomics/Monetary Economics/Financial Economics. $3 1102417
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773 0 $t Springer eBooks
856 4 0 $u http://dx.doi.org/10.1007/978-3-319-90158-9
950 $a Economics and Finance (Springer-41170)