British Economic Policy and the Empire 1919-1939
In: The economic history review, Band 26, Heft 1, S. 167
ISSN: 1468-0289
144 Ergebnisse
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In: The economic history review, Band 26, Heft 1, S. 167
ISSN: 1468-0289
In: Journal of Interdisciplinary Economics, 2005, Vol. 16(1), 5-30
SSRN
In: Explorations in economic history: EEH, Band 32, Heft 3, S. 409-420
ISSN: 0014-4983
In: Explorations in economic history: EEH, Band 29, Heft 3, S. 251-273
ISSN: 0014-4983
In: The Manchester School, Band 59, Heft S1, S. 38-56
ISSN: 1467-9957
In: The economic history review, Band 39, Heft 3, S. 475
ISSN: 1468-0289
In: The economic history review, Band 37, Heft 4, S. 622
ISSN: 1468-0289
In: The economic history review, Band 37, Heft 3, S. 449
ISSN: 1468-0289
In: The economic history review, Band 28, Heft 1, S. 160
ISSN: 1468-0289
In: CEPR Discussion Paper No. DP13519
SSRN
Working paper
In: The economic history review, Band 26, Heft 3, S. 533
ISSN: 1468-0289
In: National Institute economic review: journal of the National Institute of Economic and Social Research, S. 1-10
ISSN: 1741-3036
Abstract
This paper weighs possible medium-term responsible policy choices to the extraordinary expansion of government spending in response to the COVID-19 outbreak. The paper is divided into two parts. In part 1 of the paper, we look at conventional debt sustainability and question whether conventional rules created during a period of high interest rates and high inflation remain relevant. Current and future conditions support a case for government debt/GDP to remain elevated compared to history, conditional upon limited state interference in the economy to allow appropriate allocation of capital and resources. In part 2, we consider the historical experience of the United Kingdom. History shows the country had several examples of rapid, large-scale expansion of government debt relative to the size of the economy. On each occasion, the elevated level of debt-to-GDP was later reduced by a combination of relatively benign factors, including commitment to low inflation and sound monetary system. This supported the financial probity of the UK government and allowed it to continue to borrow unimpeded.
In: Journal of institutional and theoretical economics: JITE, Band 131, Heft 4, S. 793
ISSN: 0932-4569
In: The Economic Journal, Band 99, Heft 398, S. 1192
In: The economic history review, Band 40, Heft 1, S. 156
ISSN: 1468-0289