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Understanding Government Finance (Paperback)

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Description


A government budget is not like a household budget. This report introduces the financial operations used by a central government with a free-floating currency, and explains how they differ from that of a household or corporation. The focus is on the types of constraints such a government faces. This report introduces a simplified framework for the monetary system, along with the operating procedures that are associated with it. Some of the complications seen in real-world government finance are then added onto this simplified framework. This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within economics. Modern Monetary Theory emphasises the real limits of government action, as opposed to purely theoretical views about fiscal policy.
Product Details
ISBN: 9780994748058
ISBN-10: 0994748051
Publisher: Bondeconomics
Publication Date: July 4th, 2016
Pages: 122
Language: English