Fiscal Policies Inflation And Capital Formation
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Author | : Martin Feldstein |
Publisher | : |
Total Pages | : |
Release | : 1980 |
Genre | : |
ISBN | : |
Three ways of averting "excess saving" have been emphasized in both theory and practice. The thrust of the Keynesian prescription was to increase the government deficit to provide demand for the resources that would not otherwise be used for either consumption or investment. In this way, aggregate demand would be maintained by substituting public consumption for private consumption. A second alternative prescription was to reduce the private saving rate. Early Keynesians like Seymour Harris saw the new Social Security program as an effective way to reduce aggregate saving. The third type of policy, developed by JamesTobin, relies on increasing the rate of inflation and making money less attractive relative to real capital. In Tobin's analysis, the resulting increase in capital intensity offsets the higher saving rate and therefore maintains aggregate demand. This paper will examine ways of increasing capital intensity without raising the rate of inflation. The analysis will also show why, contrary to Tobin's conclusion, a higher rate of inflation may not succeed in increasing investors' willingness to hold real capital
Author | : Martin S. Feldstein |
Publisher | : |
Total Pages | : 30 |
Release | : 1978 |
Genre | : |
ISBN | : |
Author | : Martin Feldstein |
Publisher | : University of Chicago Press |
Total Pages | : 312 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0226241793 |
Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.
Author | : United States. Congress. Senate. Committee on the Budget. Task Force on Capital Needs and Monetary Policy |
Publisher | : |
Total Pages | : 208 |
Release | : 1975 |
Genre | : Capital |
ISBN | : |
Author | : Dwight R. Lee |
Publisher | : Pacific Studies in Public Poli |
Total Pages | : 586 |
Release | : 1986 |
Genre | : Business & Economics |
ISBN | : |
This texts contains essays written by economists who review the effects of past government actions & reforms needed to avoid long term economic stagnation. Topics discussed include social security, the military industrial complex, & private vs. political entrpreneurship. Generally, the topics include such topics as the economic effects of taxation, spending, deficits, & other forms of hidden taxation, & taxation & individual rights.
Author | : James Tobin |
Publisher | : |
Total Pages | : 88 |
Release | : 1981 |
Genre | : Monetary policy |
ISBN | : |
Author | : American Enterprise Institute for Public Policy Research |
Publisher | : |
Total Pages | : 240 |
Release | : 1967 |
Genre | : Capital investments |
ISBN | : |
Author | : Robert E. Weintraub |
Publisher | : |
Total Pages | : 60 |
Release | : 1981 |
Genre | : Deficit financing |
ISBN | : |
Author | : George M. Von Furstenberg |
Publisher | : |
Total Pages | : 578 |
Release | : 1980 |
Genre | : Business & Economics |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 612 |
Release | : 1974 |
Genre | : Fiscal policy |
ISBN | : |