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Full-Text Articles in Economic Theory
Government Financial Policy And Capital, Dean D. Croushore
Government Financial Policy And Capital, Dean D. Croushore
Economics Faculty Publications
Economists have long been concerned about the best way to finance government deficits. Finding the proper fiscal policy and monetary policy mix is a crucial decision. When government debt grows too fast, interest rates rise and capital is crowded out. If the money growth rate is excessive, inflation occurs.
The study of this issue at the theoretical level requires a model which incorporates the following features: (1) modeling money and bonds as endogenous financial assets, whose rates of return are determined in general equilibrium, (2) examination of the utility maxi mization decisions of individuals, so that welfare analysis of alternative …
Comparison Of Human Capital And Structural Models Of The Distribution Of Earnings: Evidence From Connecticut, A, Bradford F. Mills, Boris E. Bravo-Ureta
Comparison Of Human Capital And Structural Models Of The Distribution Of Earnings: Evidence From Connecticut, A, Bradford F. Mills, Boris E. Bravo-Ureta
Storrs Agricultural Experiment Station
No abstract provided.