A Monetary Analysis of Public Debt

M. L. Burstein
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M. L. Burstein: York University

Chapter 5 in The New Art of Central Banking, 1991, pp 101-121 from Palgrave Macmillan

Abstract: Abstract Sections 5.1 and 5.2 pivot on the criterion for the optimum quantity of public debt, generalizing that for the optimum quantity of money — see Friedman (1969). The study is at the juncture of monetary and fiscal theory.

Keywords: Interest Rate; Central Banking; Public Debt; Financial Asset; Government Debt (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11626-3_5

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DOI: 10.1007/978-1-349-11626-3_5

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