haku: @indexterm Budget / yhteensä: 273
viite: 129 / 273
| Tekijä: | Flassbeck, H. |
| Otsikko: | Long-term interest rates, interest-rate structure and the budget deficit |
| Lehti: | Economic Bulletin
1993 : OCT, VOL. 30:8, p. 1-4 |
| Asiasana: | INTEREST RATES BUDGET ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The facts that, since 1990, the huge public demand for capital has been met without friction by the financial markets, and the state of the economy suggests that the budget deficit will remain high for some time to come, does not mean that in the longer term borrowing is the best way to finance public spending. The burden of interest payments is set to rise further in the coming years, seriously narrowing the scope for fiscal-policy action. Neither the extent of the budget deficit nor the current rate of price increases should, however, constitute a benchmark for a monetary policy oriented towards the growth of productive potential. |
SCIMA