A central proposition regarding effects of different mechanisms of financing public
expenditures is that, under specific circumstances, it makes no difference to the level of …

We examine the relationship between monetary policy objectives and the central-bank
financing of the government deficit in eight countries under fixed and flexible exchange …

This is the fourth version of a model that five years ago we set out to build and estimate
along the lines of the continuous time approach clarified In chapter 1. Previous versions …

The author demonstrates that although some of the rhetoric of the Bundesbank may have
been a response to political pressure, the operation and conduct of German monetary policy …

The work surveys the Italian experience with reference to growth and public debt. It does not
seek to test conflicting views, as the effects of some financial and policy innovations are too …

Few topics have attracted as much attention as the rise in public sector deficits, and few
generally accepted hypotheses have undergone as radical a change as those in the area of …

This monograph is intended for an advanced undergraduate or graduate course of
engineering and management science. as well as for persons in business. industry. military …