Understanding Government Finance

Kobo ebook | April 7, 2016

Understanding Government Finance
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The 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 what constraints such a government faces, and explains why such governments only face a limited risk of involuntary default.

It introduces a simplified framework for the monetary system, along with the operating procedures that are associated with it. Complications seen in the real world are then added to this framework.

This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within post-Keynesian economics.

Title:Understanding Government FinanceFormat:Kobo ebookPublished:April 7, 2016Publisher:BondEconomicsLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0994748000

ISBN - 13:9780994748003

Appropriate for ages: All ages

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