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Understanding Government Finance

About Understanding Government Finance

A 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 the types of constraints such a government faces.This report introduces a simplified framework for the monetary system, along with the operating procedures that are associated with it. Some of the complications seen in real-world government finance are then added onto this simplified framework.This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within economics. Modern Monetary Theory emphasises the real limits of government action, as opposed to purely theoretical views about fiscal policy.

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  • Language:
  • English
  • ISBN:
  • 9780994748058
  • Binding:
  • Paperback
  • Pages:
  • 122
  • Published:
  • July 3, 2016
  • Dimensions:
  • 152x7x229 mm.
  • Weight:
  • 172 g.
Delivery: 1-2 weeks
Expected delivery: December 8, 2024

Description of Understanding Government Finance

A 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 the types of constraints such a government faces.This report introduces a simplified framework for the monetary system, along with the operating procedures that are associated with it. Some of the complications seen in real-world government finance are then added onto this simplified framework.This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within economics. Modern Monetary Theory emphasises the real limits of government action, as opposed to purely theoretical views about fiscal policy.

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