| Understanding Government Finance Contributor(s): Romanchuk, Brian (Author) |
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ISBN: 0994748051 ISBN-13: 9780994748058 Publisher: Bondeconomics OUR PRICE: $9.45 Product Type: Paperback Published: July 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Public Finance |
| Physical Information: 0.26" H x 6" W x 9" (0.38 lbs) 122 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: A government budget is not like a household budget. This report introduces the financial operations used by a central government with a free-floating currency, and explains how they differ from that of a household or corporation. The focus is on the types of constraints such a government faces.This report introduces a simplified framework for the monetary system, along with the operating procedures that are associated with it. Some of the complications seen in real-world government finance are then added onto this simplified framework.This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within economics. Modern Monetary Theory emphasises the real limits of government action, as opposed to purely theoretical views about fiscal policy. |
