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Lectures on Numerical Methods in Bifurcation Problems
Methods for Finding Zeros in Polynomials
Lectures on Stochastic Flows and Applications
Educational Psychology by Edward L. Thorndike
The Last Days of Tolstoy by V. G. Chertkov
Globalization and Responsibility
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Lectures on Topics In One-Parameter Bifurcation Problems
History of the Incas by Pedro Sarmiento de Gamboa
Linear Algebra: Theorems and Applications
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A Short Biographical Dictionary of English Literature
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Dollars and Sense by William Crosbie Hunter
The Theory of the Theatre by Clayton Hamilton
The Mathematics of Investment
Occupiers of Wall Street: Losers or Game Changers
The Solution of the Pyramid Problem
Lectures on Moduli of Curves
Walden by Henry David Thoreau
Methods for Finding Zeros in Polynomials
Lectures on Stochastic Flows and Applications
Educational Psychology by Edward L. Thorndike
The Last Days of Tolstoy by V. G. Chertkov
Globalization and Responsibility
Lectures on Siegel Modular Forms and Representation by Quadratic Forms
Lectures on Topics In One-Parameter Bifurcation Problems
History of the Incas by Pedro Sarmiento de Gamboa
Linear Algebra: Theorems and Applications
Lectures on Stochastic Differential Equations and Malliavin Calculus
A Short Biographical Dictionary of English Literature
Lectures on Sieve Methods and Prime Number Theory
Dollars and Sense by William Crosbie Hunter
The Theory of the Theatre by Clayton Hamilton
The Mathematics of Investment
Occupiers of Wall Street: Losers or Game Changers
The Solution of the Pyramid Problem
Lectures on Moduli of Curves
Walden by Henry David Thoreau
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Budget Deficits and Economic Activity in Asia
Posted on 2010-04-13
|
Author: Kanhaya L Gupta
Publisher: Routledge (1991) Binding: Hardcover, 224 pages pricer: $200.00 ISBN-10: 0415055407 editorialreviews The growth and persistence of government budget deficits are a cause of increasing concern in both developed and developing countries. This situation has provoked extreme responses: some economists believe that they have devastating effects, while others maintain that they have no real impact at all. examines both of these claims in the context of the Asian economies. After testing for the feasibility of the current levels of budget deficits and therefore of the current fiscal policies, the study turns to a quantification of the effects on seigniorage, money supply, inflation, aggregate demand and interest rates. Ten countries\M including India, South Korea, Malaysia, Singapore, Taiwan and Thailand\Mare studied. The author finds that budget deficits are monetized to a considerable extent, thus impairing or at least reducing the ability of the monetary authority to pursue expenditures in most of the countries covered. The author partially supports the widespread view that budget deficits are inflationary because they increase the money supply. He gives more emphasis to the apparent effects on interest rates, and finds these to be positive. As the processes of fiscal deregulation accelerate, interest rates seem set to become even more sensitive to the behavior of budget deficits. checked
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