Fiscal Policy in Dynamic Economies
||Tan, Kim Heng|
|Series title:||Routledge Studies in the Modern World Economy Ser.|
|Publication Date:||Jun 2016|
| Book Format:||Hardback|
|List Price:||USD $160.00|
| Book Description: |
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...