Copied Deflation and Fiscal Deficits
Deflation and Fiscal Deficits
In this study on the Japanese economy, the author focuses on three problems related to economic policy and presents their answers. The author analyzes (i) what mechanisms exist for fiscal policy and the price level, (ii) whether the MMT proposition that public deficits increase peoples wealth and savings fits into the standard macro model, and (iii) whether Blanchard's assertion that fiscal deficits are net wealth in the US economy can be applied to Japanese economy as well. The propositions of Sims FTPL, Kelton's MMT, Japan's Ricardian type argument, and the non-Ricardian type of government by Blanchard have been understood as independent economic perceptions, but they will be theoretically shown as a coherent story. Namely, this study presents a macroeconomic framework that includes the financial sector and derives Sims proposition that fiscal policy can be the sole determinant of the price level. It also shows that MMT's claim that "budget deficits increase our wealth and collective savings" can inevitably hold within this framework. Furthermore, it presents a model that consistently explains that public debt leads to financial collapse but contributes to economic welfare.
Price Comparison
| Seller | Contact Seller | List Price | On Sale | Shipping | Best Promo | Final Price | Volume Discount | Financing | Availability | Seller's Page |
|---|---|---|---|---|---|---|---|---|---|---|
|
BEST PRICE 1 Product Purchase
|
|
$34.99 | $34.99 |
|
$34.99 | See Site | In stock | Visit Store |
Reviews
Questions & Answers
Post-Western International Relations Reconsidered
$54.99
Many Visions, Many Aims(TIMSS Volume 2)
$169.99
Der Kautschuk
$59.99
Industriebetriebslehre
$39.99
The Business of Electronics
$54.99
Vincent pinta su casa
$5.96
Image Fusion in Remote Sensing
$29.99
Ubiquitin Family Modifiers and the Proteasome
$139.00
Building a 2D Game Physics Engine
$37.99
Technological Change, Economic Development and Space
$109.99
Contemporary Problems in International Arbitration
$54.99
Atmospheric Radiation Tables
$36.00
Research in Interactive Design
$89.00
Developments in Mathematical and Experimental Physics
$109.99
An Introduction to Bayesian Analysis
$89.00
Berufs- und lauterkeitsrechtliche Grenzen der Anwaltswerbung
$79.99
Identity at the Borders and Between the Borders
$64.99
Paradigm Shift in Urban Mobility
$99.99
Induktive Taxiladung fr den ffentlichen Raum
$84.99
Practical Vaadin
$64.99
Mechanics of Strain Gradient Materials
$179.99
Korrosionstabellen metallischer Werkstoffe, geordnet nach angreifenden Stoffen
$54.99
Jahrbuch der Wissenschaftlichen Gesellschaft fr Luftfahrt
$59.99
How to Get Government Contracts
$44.99
Proceedings of the International Conference on Computer Vision, High Performance Computing, Smart De
$249.99
Diversity and Contestations over Nationalism in Europe and Canada
$169.99
Frauen Macht Politik
$69.99
Advanced Techniques in Shoulder Arthroscopy
$139.99
Applied Bioelectricity
$329.99
Magneto-Resistance for Crystals of Gallium
$54.99
Energy Economics: A Modern Introduction
$129.00
Computer Vision - ECCV 2008
$84.99
Fractures of the Tibia
$54.99
Sand and Gravel Spits
$109.99
Advanced Studies on Environmental Sustainability
$149.00
Affine, Vertex and W-algebras
$109.99
Political Economy and American Capitalism
$109.99
Many-Valued Logics 1
$109.99
R Recipes
$39.99
Identity and Migration in Europe: Multidisciplinary Perspectives
$54.99
