The Economics Of Public Debt: Proceedings Of A Conference Held By The International Economic Association At Stanford, California (international Economic Association Series)

A collection of essays presenting new insights into the analysis of public debt theory, recent historical episodes, econometric analyses and policy dilemmas and options. It also documents the perceptions of debt problems from viewpoints of national economies as well as the world economy. Front Matter....Pages i-xvii Front Matter....Pages 1-1 Deficits, Monetary Policy, and Real Economic Activity....Pages 3-40 On the Relevance or Irrelevance of Public Financial Policy....Pages 41-76 Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity....Pages 77-115 Optimum Fiscal Policy when Monetary Policy is Bound by a Rule: Ramsey Redux....Pages 116-130 Front Matter....Pages 131-131 Public Debt and Intergeneration Equity....Pages 133-148 Debt and Burden and Intergeneration Equity....Pages 149-197 Front Matter....Pages 199-199 Debt and Taxes in War and Peace: The Closed Economy Case....Pages 201-229 Public Debt and Fiscal Policy in Developing Countries....Pages 230-263 Benefits and Burdens of Indexed Debt: Some Lessons from Israel’s Experience....Pages 264-291 Debt, Wealth and the Rate of Growth: An Exercise in Equilibrium Dynamics....Pages 292-310 Back Matter....Pages 311-317