The Economics Of Public Finance by Alan Blinder - 9780815709978

The Economics Of Public FinanceAuthor(s): Alan Blinder\nFormat: Paperback\nPublisher: Bloomsbury Publishing Plc, United States\nImprint: Brookings Institution\nISBN-13: 9780815709978, 978-0815709978\nSynopsis\nThis is the thirty-fifth volume in the Brookings Studies of Government Finance series. In the first of its four essays, ?Analytical Foundations of Fiscal Policy, Alan S. Blinder of Princeton University and Robert M. Solow of the Massachusetts Institute of Technology survey the theoretical and empirical underpinnings of fiscal policy. After discussing how the influence of fiscal policy on macroeconomic activity ought to be assessed, the authors examine and find inadequate the dictum that government should balance the budget rather than the economy. They defend?again both theoretically and empirically?the efficacy of fiscal policy against the monetarist challenge. From an examination of the lags and uncertainties in the operation of fiscal policy and an analysis of the 1968?70 in.