Walking Up The Down Escalator : Public Investment And Fiscal Stability

Walking Up The Down Escalator : Public Investment And Fiscal Stability / Easterly, William

Fiscal adjustment becomes like walking up the down escalator when growth-promoting spending is cut so much as to lower growth and thus the present value of future tax revenues to a degree that more than offsets the improvement in the cash deficit. Although short-term cash flows matter, a preponderan...

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Bibliographic Details
Main Authors:Easterly, William, 1957-
Other Authors:Servén, Luis
Irwin, Timothy C.
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 2007
Subjects:
Accounting
Bank Policy
Banks and Banking Reform
Budget
Cash Flow
Cash Flows
Debt
Debt Markets
Defic Exchange
Emerging Markets
Finance and Financial Sector Development
Financial Literacy
Fiscal Discipline
Future
Investment Spending
Investment and Investment Climate
Investments
Liquidity
Macroeconomics and Economic Growth
Private Finance
Private Sector Development
Public Sector Economics and Finance
Public Sector Expenditure Analysis and Management
Online Access:URL des Erstveröffentlichers
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Internet
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