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Public Finance in an Overlapping Generations Economy

Public Finance in an Overlapping Generations Economy

Hardcover

EconomicsInvesting & Finance

ISBN10: 0333661923
ISBN13: 9780333661925
Publisher: Palgrave Macmillan
Published: Nov 20 1996
Pages: 297
Weight: 1.20
Height: 0.81 Width: 5.50 Depth: 8.50
Language: English
This book presents a theoretically-based comprehensive analysis of macroeconomic consequences of fiscal policy using a popular economic model: the overlapping generations growth model. A wide range of essential public finance issues is analyzed, including the effects of tax reform on dynamic efficiency, positive and normative effects of public spending, considerations of taxes on fixed assets and monetary holdings, and sustainability of deficits. A unique approach is applied in the study of public finance: one expected to generate substantial interest among current graduate students and active researchers.

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