1997 | Buch
Budget Deficits and Macroeconomic Policy
verfasst von: J. O. N. Perkins
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
1997 | Buch
verfasst von: J. O. N. Perkins
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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.