Fiscal policy within the IS-LM framework
(eBook)
Author
Published
New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2014.
Edition
First edition.
Physical Desc
1 online resource (139 pages)
Status
More Details
Format
eBook
Language
English
ISBN
9781606497234
Notes
General Note
Part of: 2013 digital library.
Bibliography
Includes bibliographical references (pages 131-136) and index.
Restrictions on Access
Access restricted to authorized users and institutions.
Description
Governments have become an integral part of economics in modern societies. The extent of government involvement is not limited to legislation, foreign policy, or law and order. Governments intervene in economic affairs by collecting taxes and spending what they collect. The amount of taxes and who pays them, as well as the amount of government expenditures and who receives them, has a significant impact on income distribution. However, the main focus of the study of fiscal policy is on the overall economic impact of government involvement in the economy, instead of its distributional effects. While we know that when a person is taxed his or her utility is reduced, and when someone receives a payment, either because of selling something to the government or in the form of transfer payment, that person's utility increases. However, economic theory is not able to determine what happens to social utility when one person is taxed and another person receives the government payment. By not addressing the utility effect of government intervention in the economy the need for finding an answer to what happens to collective utility vanishes and allows us to focus on what happens to aggregate economic measures when the government intervenes in economic activities.
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Citations
APA Citation, 7th Edition (style guide)
Naghshpour, S. (2014). Fiscal policy within the IS-LM framework (First edition.). Business Expert Press.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Naghshpour, Shahdad.. 2014. Fiscal Policy Within the IS-LM Framework. Business Expert Press.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Naghshpour, Shahdad.. Fiscal Policy Within the IS-LM Framework Business Expert Press, 2014.
MLA Citation, 9th Edition (style guide)Naghshpour, Shahdad.. Fiscal Policy Within the IS-LM Framework First edition., Business Expert Press, 2014.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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Grouped Work ID
a50e8703-9c12-6c4a-1593-fdedf9a10381-eng
Grouping Information
| Grouped Work ID | a50e8703-9c12-6c4a-1593-fdedf9a10381-eng |
|---|---|
| Full title | fiscal policy within the is lm framework |
| Author | naghshpour shahdad |
| Grouping Category | book |
| Last Update | 2022-06-07 21:23:19PM |
| Last Indexed | 2024-04-27 04:59:27AM |
Book Cover Information
| Image Source | syndetics |
|---|---|
| First Loaded | Sep 13, 2022 |
| Last Used | Jan 17, 2024 |
Marc Record
| First Detected | Aug 09, 2021 02:04:19 PM |
|---|---|
| Last File Modification Time | Nov 22, 2021 10:10:07 AM |
MARC Record
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| 020 | |z 9781606497227|q (paperback) | ||
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| 100 | 1 | |a Naghshpour, Shahdad.,|e author. | |
| 245 | 1 | 0 | |a Fiscal policy within the IS-LM framework|h [eBook] /|c Shahdad Naghshpour. |
| 250 | |a First edition. | ||
| 264 | 1 | |a New York, New York (222 East 46th Street, New York, NY 10017) :|b Business Expert Press,|c 2014. | |
| 300 | |a 1 online resource (139 pages) | ||
| 336 | |a text|2 rdacontent | ||
| 337 | |a computer|2 rdamedia | ||
| 338 | |a online resource|2 rdacarrier | ||
| 490 | 1 | |a Economics collection,|x 2163-7628 | |
| 500 | |a Part of: 2013 digital library. | ||
| 504 | |a Includes bibliographical references (pages 131-136) and index. | ||
| 505 | 0 | |a Section I. Background and fundamental theories -- 1. A brief history of fiscal theory -- 2. Politics and fiscal policy -- 3. Two blades are better than one: the role of IS-LM -- Section II. Interest rate and fiscal theory -- 4. The role of interest rate in fiscal policy -- 5. Liquidity preference -- 6. Operation and effectiveness of fiscal policy -- 7. Questioning Keynesian theory -- Section III. Schools of thought in fiscal theory -- 8. New Keynesian school -- 9. Post Keynesian -- Section IV. The evidence -- 10. Empirical evidence regarding fiscal policy -- 11. Conclusion -- Glossary -- Notes -- References -- Index. | |
| 506 | |a Access restricted to authorized users and institutions. | ||
| 520 | 3 | |a Governments have become an integral part of economics in modern societies. The extent of government involvement is not limited to legislation, foreign policy, or law and order. Governments intervene in economic affairs by collecting taxes and spending what they collect. The amount of taxes and who pays them, as well as the amount of government expenditures and who receives them, has a significant impact on income distribution. However, the main focus of the study of fiscal policy is on the overall economic impact of government involvement in the economy, instead of its distributional effects. While we know that when a person is taxed his or her utility is reduced, and when someone receives a payment, either because of selling something to the government or in the form of transfer payment, that person's utility increases. However, economic theory is not able to determine what happens to social utility when one person is taxed and another person receives the government payment. By not addressing the utility effect of government intervention in the economy the need for finding an answer to what happens to collective utility vanishes and allows us to focus on what happens to aggregate economic measures when the government intervenes in economic activities. | |
| 588 | |a Title from PDF title page (viewed on January 25, 2014). | ||
| 650 | 0 | |a Fiscal policy. | |
| 653 | |a fiscal policy | ||
| 653 | |a interest rate | ||
| 653 | |a IS schedule | ||
| 653 | |a LM schedule | ||
| 653 | |a monetary policy | ||
| 653 | |a liquidity | ||
| 655 | 4 | |a Electronic books. | |
| 776 | 0 | 8 | |i Print version:|z 9781606497227 |
| 797 | 2 | |a ProQuest (Firm) | |
| 830 | 0 | |a 2013 digital library. | |
| 830 | 0 | |a Economics collection.|x 2163-7628 | |
| 856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/yavapai-ebooks/detail.action?docID=1586575|x Yavapai College|y Yavapai College users click here to access |
| 856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/prescottcollege-ebooks/detail.action?docID=1586575|x Prescott College|y Prescott College users click here to access |
| 856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/yln-ebooks/detail.action?docID=1586575|x Yavapai Library Network|y All other users click here to access |
| 945 | |a E-Book | ||
