Optimal Funding Policy

Robert Barro

Chapter 3 in The Debt Burden and its Consequences for Monetary Policy, 1998, pp 69-85 from Palgrave Macmillan

Abstract: Abstract In standard macroeconomics, fiscal policy consists of choices about expenditures, taxes, and debt issue. The kinds of public spending may be distinguished in terms of their interaction with private decisions; for example, some public activities would influence private production and some would interact with the choices of consumption and leisure. The taxes may also be differentiated by type — levies may fall on labour income, capital income, consumption, bodies and so on.

Keywords: Real Exchange Rate; Government Spending; Real Interest Rate; Labour Income; Public Debt (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26077-5_3

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