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In both the UK and USA economies the budget deficit remains a central weakness. In the light of this problem this book presents a consistent economic framework for analysing the effects and implications of large bond-financed deficits.
This volume focuses on international trade and global macroeconomic policy -- two topics often overlooked by conventional MBA and Executive MBA programs. Topics include the Ricardian trade theorem, the effect of trade on wages and employment, budget deficits, capital inflows, and more.
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