Public debt/Related Articles

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Revision as of 10:41, 27 March 2009 by imported>Nick Gardner (→‎Glossary)
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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]
  • Debt trap [r]: the situation in which the 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 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]