National debt > Related Articles
From Citizendium, the Citizens' Compendium
Contents |
Index
See the related articles subpage to the article on economics [1] for an index to topics referred to in the economics articles.
Parent topics
- economics [r]: The analysis of the production, distribution, and consumption of goods and services. [e]
- microeconomics [r]: A branch of economics that deals with transactions between suppliers and consumers, acting individually or in groups. [e]
- politics [r]: Activity that relates to the way in which society is governed, and the process by which human beings living in communities make decisions and establish obligatory values for its members (although more widely it can also refer to processes concerning the exercise of influence, status or power in government decision-making). [e]
Other related topics
- fiscal policy [r]: The use of taxation and public expenditure to influence economic activity or the distribution of income and wealth. [e]
- taxation [r]: The transfer of resources from the community to the government. [e]
- public expenditure [r]: Spending by the public sector [e]
Glossary
(for terms not defined below, see the economics glossary [2])
- Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity [e]
- Budget deficit [r]: the excess of a goverment's expenditures over its receipts. See also cyclically-adjusted budget deficit [e]
- Crowding out [r]: the fall in private sector investment resulting from an increase in government borrowing. [e]
- Debt trap [r]: the situation in which national debt continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments. [e]
- Fiscal adjustment [r]: the change in the primary budget balance required to meet a specified criterion (usually including a requirement to return to fiscal sustainability by a specified date). [e]
- Fiscal stimulus [r]: a reduction in taxation for the purpose of raising economic output, or an increase in government spending for that purpose. [e]
- Fiscal gap [r]: the size of the primary budget surplus (expressed as a percent of GDP) that is required to achieve fiscal sustainability by immediate compliance with the requirement that the national debt be maintained at or below its existing percentage of GDP. [e]
- Fiscal policy [r]: The use of taxation and public expenditure to influence economic activity or the distribution of income and wealth. [e]
- Fiscal sustainability [r]: the objective of avoiding the persistent growth of the national debt. [e]
- Generational accounts [r]: accounts that are constructed by extrapolating current policies through the lifetimes of all people currently alive, and by calculating the net taxes they would pay under those policies. The results are sensitive to the method of extrapolation. [e]
- Monetisation (of public debt) [r]: a government's sale of its own securities to the country's central bank in order to obtain funds that are used to redeem its public debt - resulting in an expansion of the bank's monetary base, and consequently of the country's money supply. [e]
- Money supply [r]: the economy's stock of those assets that can be quickly exchanged for goods and services. [e]
- Primary budget deficit [r]: the budget deficit excluding payments of interest on the national debt. [e]
- Ricardian equivalence [r]: the argument that government spending will not increase demand because it will prompt taxpayers to save an equivalent amount in anticipation of a resulting tax increase. [e]
- Sovereign default [r]: a government's repudiation of its interest payment or debt repayment obligations. [e]
