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Understanding Government Finance

This book can be downloaded and read in Apple Books on your Mac or iOS device.

Description

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.

Understanding Government Finance
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  • $4.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Economics
  • Published: Jun 04, 2015
  • Publisher: BondEconomics
  • Seller: Draft2Digital, LLC
  • Print Length: 138 Pages
  • Language: English
  • Requirements: This book can only be viewed on an iOS device with Apple Books on iOS 12 or later, iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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