Tag: Deficits

Deflation and Fiscal Deficits Three Questions About Japanese Economic Policy (SpringerBriefs in Economics)


Free Download Deflation and Fiscal Deficits: Three Questions About Japanese Economic Policy (SpringerBriefs in Economics) by Yoshikiyo Sakai
English | April 10, 2024 | ISBN: 9819704146 | 81 pages | MOBI | 5.64 Mb
In this study on the Japanese economy, the author focuses on three problems related to economic policy and presents their answers. The author analyzes (i) what mechanisms exist for fiscal policy and the price level, (ii) whether the MMT proposition that public deficits increase people’s wealth and savings fits into the standard macro model, and (iii) whether Blanchard’s assertion that fiscal deficits are net wealth in the US economy can be applied to Japanese economy as well. The propositions of Sims’ FTPL, Kelton’s MMT, Japan’s Ricardian type argument, and the non-Ricardian type of government by Blanchard have been understood as independent economic perceptions, but they will be theoretically shown as a coherent story. Namely, this study presents a macroeconomic framework that includes the financial sector and derives Sims’ proposition that "fiscal policy can be the sole determinant of the price level." It also shows that MMT’s claim that "budget deficits increase our wealth and collective savings" can inevitably hold within this framework. Furthermore, it presents a model that consistently explains that public debt leads to financial collapse but contributes to economic welfare.

(more…)

Fiscal Deficits, Public Expenditure Optimization, and Employment Creation


Free Download Fiscal Deficits, Public Expenditure Optimization, and Employment Creation: Modern Monetary Theory (MMT) and the Limitless Spending Power of a Sovereign … Fiscal Policy and Tax Management by Uwem Essia
English | January 27, 2024 | ISBN: N/A | ASIN: B0CTG8B4L2 | 194 pages | EPUB | 1.60 Mb
This revolutionary book, "Fiscal Deficits, Public Expenditure Optimization, and Employment Creation", Book 8 of the Series Public Finance, Fiscal Policy, and Tax Management, aims to guide policymakers, legislators, academic and professional economists, and others on how to eliminate jobless growth. Founded on the Modern Monetary Theory (MMT), the limitless power of a sovereign state to run budget deficits for financing employment-creating projects without causing inflation is explored. MMT challenges traditional fiscal and monetary policies and places more responsibility on the Debt Management Office and the will of the political leadership to use budget deficits mainly for financing employment-generating ventures. MMT is certainly not an invitation to fiscal rascality and misappropriation of government funds.

(more…)

Understanding and Managing Vision Deficits, 4th Edition


Free Download Understanding and Managing Vision Deficits: A Guide for Occupational Therapists
English | 2025 | ISBN: 1638220964,1032882875 | 359 Pages | PDF (True) | 20 MB
The new fourth edition of Understanding and Managing Vision Deficits: A Guide for Occupational Therapists provides practitioners not only with a comprehensive understanding of vision and how vision problems can impact on the practice of occupational therapy, but also invaluable guidance on how to effectively manage clients with these issues.

(more…)

Deflation and Fiscal Deficits Three Questions About Japanese Economic Policy


Free Download Deflation and Fiscal Deficits: Three Questions About Japanese Economic Policy by Yoshikiyo Sakai
English | PDF EPUB (True) | 2024 | 77 Pages | ISBN : 9819704146 | 6 MB
In this study on the Japanese economy, the author focuses on three problems related to economic policy and presents their answers. The author analyzes (i) what mechanisms exist for fiscal policy and the price level, (ii) whether the MMT proposition that public deficits increase people’s wealth and savings fits into the standard macro model, and (iii) whether Blanchard’s assertion that fiscal deficits are net wealth in the US economy can be applied to Japanese economy as well. The propositions of Sims’ FTPL, Kelton’s MMT, Japan’s Ricardian type argument, and the non-Ricardian type of government by Blanchard have been understood as independent economic perceptions, but they will be theoretically shown as a coherent story. Namely, this study presents a macroeconomic framework that includes the financial sector and derives Sims’ proposition that "fiscal policy can be the sole determinant of the price level." It also shows that MMT’s claim that "budget deficits increase our wealth and collective savings" can inevitably hold within this framework. Furthermore, it presents a model that consistently explains that public debt leads to financial collapse but contributes to economic welfare.

(more…)