Titlebook: Debates in Monetary Macroeconomics; Tackling Some Unsett Steven Pressman,John Smithin Book 2022 The Editor(s) (if applicable) and The Autho

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Daniele Barbaro’s Vitruvius of 1567nding, as a percentage of GDP, increases economic growth and reduces unemployment, perhaps at the cost of somewhat higher inflation. This paper argues that the standard analysis ignores the supply-side effects of increased taxation, and that the sign of the balanced budget multiplier is negative. A

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Daniele Barbaro’s Vitruvius of 1567rplus may generate a paradox of thrift by seeking to reduce their spending on foreign-made goods and depressing growth in both nations. When many nations do this, the result will be slow growth throughout the world. Furthermore, there is no escape from the simple math of trade balances—one nation’s

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Daniele Barbaro’s Vitruvius of 1567ds on what is most important. In the long run, current-account variations can smooth domestic living standards. But whether a surplus is appropriate depends on which individuals we think are more ‘deserving’. The more we value future generations compared to current generations, and the less we care

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https://doi.org/10.1007/978-3-030-04043-7 This is why most international corporations have chosen the US dollar as their functional currency. Second, although fixed regimes have been accused of hindering monetary policy, the paper argues that floating regimes do not guarantee currency sovereignty. Whether floating or fixed exchange rates a