Fiscal Policy and Government Intervention

Orlando Gomes

Chapter Chapter 6 in Intertemporal and Strategic Modelling in Economics, 2022, pp 131-153 from Springer

Abstract: Abstract The government is a central economic agent in modern societies, playing a series of fundamental roles: to the government is assigned the provision of public goods (goods that are simultaneously nonrival and nonexcludable) and the promotion of positive externalities (as those emerging from education or health). The government is also expected to correct or adjust market outcomes, in favor of those less favored (e.g., through transfers to the unemployed or the disabled). Finally, the government is responsible by fiscal policy, i.e., the management of public revenues and expenditures with the goal of fulfilling macro policy objectives (e.g., lowering unemployment or stabilizing prices). In this chapter, various issues pertaining to the role of the government are addressed, mostly those associated with the dynamics of public finance.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-031-09600-6_6

Ordering information: This item can be ordered from
http://www.springer.com/9783031096006

DOI: 10.1007/978-3-031-09600-6_6

Access Statistics for this chapter

More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().