| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12755 |
| DP12755 Financial Policy | |
| [unavailable] | |
| 发表日期 | 2018-02-26 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper reviews theoretical results on financial policy. We use basic accounting identities to illustrate relations between gross assets and liabilities, net debt positions and the appropriation of (primary) budget surplus funds. We then discuss Ramsey policies, answering the question how a committed government may use financial instruments to pursue its objectives. Finally, we discuss additional roles for financial policy that arise as a consequence of political frictions, in particular lack of commitment. |
| 主题 | International Macroeconomics and Finance ; Public Economics |
| 关键词 | Financial policy Debt Debt structure |
| URL | https://cepr.org/publications/dp12755 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541565 |
| 推荐引用方式 GB/T 7714 | [unavailable]. DP12755 Financial Policy. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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