Impacts of Government Borrowing
Learn about the impacts of government borrowing, including its effects on private saving, investment, economic growth, and trade balance, and explore how fiscal policy can be used to address trade imbalances and improve technology.
Introduction to the Impacts of Government Borrowing
The National Saving and Investment Identity
What About Budget Surpluses and Trade Surpluses?
Fiscal Policy, Investment, and Economic Growth
Crowding Out Physical Capital Investment
The Interest Rate Connection
Public Investment in Physical Capital
Public Investment in Human Capital
How Fiscal Policy Can Improve Technology
Summary of Fiscal Policy, Investment, and Economic Growth
Key Concepts and Summary
How Government Borrowing Affects Private Saving
Key Concepts and Summary
Fiscal Policy and the Trade Balance
Twin Deficits?
Budget Deficits and Exchange Rates
From Budget Deficits to International Economic Crisis
Using Fiscal Policy to Address Trade Imbalances