Titlebook: DebtDeficit And Economic Performance; Mario Baldassarri (Professor of Economics),Robert Book 1993 Palgrave Macmillan, a division of Macmi

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2662-6217 Overview: 978-1-349-22919-2Series ISSN 2662-6217 Series E-ISSN 2662-6225

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Mike S. Schäfer,Ana Ivanova,Andreas Schmidtcy makers. Initial theoretical work which relied on simple game-theoretic models suggested that large gains in welfare could be achieved from the explicit coordination of policy as opposed to devising optimal national stabilization policies while taking as given the actions of policy makers in other countries.

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Elkedagmar Heinrich,Hans-Dieter Janetzkoe modeled as having finite horizons. If households are instead modeled as having infinite horizons, budget deficits need not stimulate aggregate demand and hence need not affect output, employment, asset prices, and the price level. The reason is that households with infinite horizons do not view th

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