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Budget Deficits and Macroeconomic Policy

Budget Deficits and Macroeconomic Policy

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9780230373280
Condition
New
Product Description

Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal macroeconomic objectives such as inflation and full employment, whereas other combinations will not. This is illustrated by using results from simulations for various OECD countries.

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