The Economics of Public Debt: Proceedings of a Conference held by the International Economic Association at Stanford, California (International Economic Association Series)

ISBN 10: 0333468155 / ISBN 13: 9780333468159

Published by Palgrave Macmillan, 1988

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Seller Inventory # ERICA77303334681556

Bibliographic Details

• Title: The Economics of Public Debt: Proceedings of a Conference held by the International Economic Association at Stanford, California (International Economic Association Series)
• Publisher: Palgrave Macmillan
• Publication Date: 1988
• Language: English
• ISBN 10: 0333468155
• ISBN 13: 9780333468159
• Binding: Hardcover
• Condition: Like New
• Book Type: book

About this title

Synopsis

A collection of essays presenting new insights into the analysis of public debt theory, recent historical episodes, econometric analyses and policy dilemmas and options. It also documents the perceptions of debt problems from viewpoints of national economies as well as the world economy.

Synopsis

This collection of essays presents new insights into the analyses of public debt theory, recent historical episodes, econometric analyses of public debt and policy dilemmas and options. The subjects covered include optimal debt policy, the role of deficits as a temporary stimulus in the course of disinflation, the intergenerational equity aspects of public debt, public debt problems in developing countries, indexing public debt for inflation and various conceptual, accounting and measurement issues in obtaining accurate information on deficits and public debt as well as their impact on aggregate economic activity. The studies document the explosion of public debt, the potential benefits and costs associated with this explosion and the perceptions of the debt problems from the viewpoints of various national economies as well as the world economy. Professor Arrow was awarded the Alfred Nobel Memorial Prize in Economic Science in 1972.