Fiscal policy under low interest rates (Record no. 7736)

MARC details
000 -LEADER
fixed length control field 02302nam a2200217 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250105104333.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780262544870
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.415
Item number BLA
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Blanchard, Olivier
245 ## - TITLE STATEMENT
Title Fiscal policy under low interest rates
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc. The MIT Press
Place of publication, distribution, etc. Cambridge
Date of publication, distribution, etc. 2022
300 ## - PHYSICAL DESCRIPTION
Extent xiii, 162 p.
365 ## - TRADE PRICE
Price type code INR
Price amount 3300.00
520 ## - SUMMARY, ETC.
Summary, etc. Rethinking fiscal and monetary policy in an economic environment of high debt and low interest rates.<br/><br/>Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, and—once the fight against inflation is won—real interest rates will likely be very low again. This combination calls for a rethinking of the role of fiscal and monetary policy—and this is just what Olivier Blanchard proposes in Fiscal Policy under Low Interest Rates.<br/><br/>There is a wide set of opinions about the direction that fiscal policy should take. Some, pointing to the high debt levels, make debt reduction an absolute priority. Others, pointing to the low interest rates, are less worried; they suggest that there is still fiscal space, and, if justified, further increases in debt should not be ruled out. Blanchard argues that low interest rates decrease not only the fiscal costs of debt but also the welfare costs of debt. At the same time, he shows how low rates decrease the room to maneuver in monetary policy—and thus increase the benefits of using fiscal policy, including deficits and debt, for macroeconomic stabilization. In short, low rates imply lower costs and higher benefits of debt.<br/><br/>Having sketched what optimal policy looks like, Blanchard considers three examples of fiscal policy in action: fiscal consolidation in the wake of the Global Financial Crisis, the large increase in debt in Japan, and the current US fiscal and monetary policy mix. His conclusions hold practical implications for economic and fiscal policy makers, bankers, and politicians around the world.<br/>(https://mitpress.mit.edu/9780262544870/fiscal-policy-under-low-interest-rates/)
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Fiscal policy
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Debts, Public
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Social policy
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Interest rates
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Book
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Bill No Bill Date Home library Current library Shelving location Date acquired Source of acquisition Cost, normal purchase price Total Checkouts Full call number Accession Number Date last seen Copy number Cost, replacement price Price effective from Koha item type
    Dewey Decimal Classification     Finance & Accounting TB3211 26-12-2024 Indian Institute of Management LRC Indian Institute of Management LRC General Stacks 01/06/2025 Technical Bureau India Pvt. Ltd. 2293.50   332.415 BLA 007048 01/06/2025 1 3300.00 01/06/2025 Book

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