Public debt/Related Articles: Difference between revisions
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==Glossary== | ==Glossary== | ||
{{r|Automatic stabilisers}} | |||
{{r|Fiscal stimulus}} | |||
{{r|Monetisation of public debt}} | {{r|Monetisation of public debt}} | ||
{{r|Money supply}} | {{r|Money supply}} | ||
Revision as of 09:30, 27 March 2009
Glossary
- 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]
- Fiscal stimulus [r]: a reduction in taxation for the purpose of raising economic output, or an increase in government spending for that purpose. [e]
- Monetisation of public debt [r]: Add brief definition or description
- Money supply [r]: the economy's stock of those assets that can be quickly exchanged for goods and services. [e]
- National debt [r]: The external obligations of the government and public sector agencies (otherwise known as national debt or government debt). [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]