منابع مشابه
Long-Term Objectives for Government Debt
Governments use national debt and the budget deficit as measures of fiscal position. But what should government policy aim to achieve with respect to these measures? Are these the right summary measures at which to be looking? This paper considers what the government should use as its fiscal targets to achieve policies that are consistent with long-term fiscal objectives. Among its findings are...
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Business units are always faced with investment opportunities and need to make logical decisions on an optimal investment. Indeed, the investment of each business unit should be done with regard to the resource constraints and its effectiveness through the criteria for evaluating the projects including the net present value (NPV). The paper aims to investigate the effect of long-term debt on th...
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My long-term research objectives are:-Haptic Landscapes for Virtual Environments (VE); Human-Machine Media-Human biomechanics and neural control of movements.-Biologically inspired control of humanoid robots.-Haptic Landscapes for Virtual Environments (VE); Human-Machine Media. You feel like going for a jog. However, the temperature outside is below freezing and you don't like running in extrem...
متن کاملGovernment Debt
This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short run and crowding out in the long run. It next...
متن کاملOptimal Government Debt Maturity
This paper develops a model of optimal government debt maturity in which the government cannot issue state-contingent bonds and cannot commit to fiscal policy. If the government can perfectly commit, it fully insulates the economy against government spending shocks by purchasing short-term assets and issuing long-term debt. These positions are quantitatively very large relative to GDP and do no...
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ژورنال
عنوان ژورنال: FinanzArchiv
سال: 2009
ISSN: 0015-2218
DOI: 10.1628/001522109x486606