Is Non-Monetarist Arithmetic Just as Unpleasant?

Money financing involves much more pleasant arithmetic than does bond financing of deficits. The feasibility of alternative bond financing options is examined.

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Bibliographic Details
Published in:Southern economic journal 1990-07, Vol.57 (1), p.14-22
Main Authors: Kneebone, Ronald D., Scarth, William M.
Format: Article
Language:English
Subjects:
Arithmetic
Bonds
Budget deficits
Closed economies
Deficit financing
Disposable income
Economic models
Economics
Federal budget deficit
Finance
Financial bonds
Inflation rates
Mathematics
Monetary policy
National debt
Open economies
Steady state economies
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Description
Summary:Money financing involves much more pleasant arithmetic than does bond financing of deficits. The feasibility of alternative bond financing options is examined.
ISSN:0038-4038
2325-8012
DOI:10.2307/1060474