Deficit Financing in Germany

1940 ◽  
pp. 1-22
Author(s):  
Shepard Morgan
Keyword(s):  
Deficit Financing

The Role of War in Modern Inflation

1977 ◽  
Vol 37 (1) ◽  
pp. 13-19 ◽  
Author(s):  
Earl J. Hamilton
Keyword(s):  
World War Ii ◽  
Social Welfare ◽  
Early Modern ◽  
World War ◽  
Price Inflation ◽  
Modern Times ◽  
Paper Currency ◽  
Deficit Financing ◽  
Early Modern Times

Wars in early modern times, although frequent, generated little price inflation because of their limited demands on real resources. The invention of paper currency and the resort to deficit financing to pay for wars changed that situation. In recent centuries wars have been the principal causes of inflation, although since World War II programs of social welfare unmatched by offsetting taxation have also fueled inflationary flames.

Deficit financing announcements and asset prices

1989 ◽  
Vol 41 (2) ◽  
pp. 171-183 ◽  
Author(s):  
Keivan Deravi ◽  
Philip Gregorowicz ◽  
Charles E. Hegji
Keyword(s):  
Asset Prices ◽  
Deficit Financing

Public-Sector Project Abandonment Decision

2017 ◽  
pp. 188-215
Author(s):  
Kehinde Adekunle Adetiloye ◽  
Patrick Omoruyi Eke ◽  
Joseph Niyan Taiwo
Keyword(s):  
Poor Quality ◽  
Ricardian Equivalence ◽  
Political Factors ◽  
Local Resources ◽  
Study Results ◽  
Corruption Index ◽  
Deficit Financing ◽  
Short Run ◽  
Railway System

This chapter examines the implications of projects abandonment with test of the Ricardian Equivalence on the failed Lagos metro line project in Nigeria as case study. The main variables used are Rail and Pipeline Output, Budget Deficit, Interest Rate, Corruption Index, Savings and some others. The study results on the Ricardian Equivalence hypothesis on deficit financing of projects using Vector auto-regression model from 1980-2012 indicate that no causal influence holds in Nigeria. Results show that poor planning, corruption, political factors, poor support infrastructures, poor quality of local resources, etc. were attributable. The results of the Impulse Response tests reveal that Rail and Pipeline output and a few others responded positively to shocks in the short run (years 1-2), and negatively to others. The result affirms that Government should privatize the railway system, legislate against project abandonment and ensure that projects are adequately planned, funded, insured and insulated against corruption.

Rekindling Hong Kong’s Magic

2017 ◽  
Author(s):  
Yue Chim Richard Wong
Keyword(s):  
Economic Growth ◽  
Health Care ◽  
Hong Kong ◽  
Regulatory Control ◽  
Public Expenditures ◽  
Ideal Condition ◽  
Political Landscape ◽  
Basic Law ◽  
Deficit Financing ◽  
The Ideal

Hong Kong’s divisive and fragmented political landscape provides the ideal condition for the proliferation of regulatory control. When the pressure on our government to spend more on housing, health care, and education is even greater than that in Singapore, and the Basic Law disallows deficit financing, then raising the regulatory burden is the only political solution available. Unfortunately, this will have far more damaging consequences on the economy. What is to be done? Can Hong Kong steer a path that allows it to fund the rising demand for public expenditures while promoting economic growth, so that the additional spending is economically affordable and politically feasible? That question will be addressed in this volume.

Global Television Industry

2016 ◽  
Author(s):  
Denise Bielby ◽  
Kristen Bryant
Keyword(s):  
United States ◽  
The United States ◽  
Internet Technology ◽  
Export Market ◽  
Television Industry ◽  
Vast Number ◽  
Deficit Financing ◽  
Global Television ◽  
Innovation And Diffusion ◽  
National Borders

Television was introduced as an experimental technology in the 1920s and 1930s in Europe, Asia, the former Soviet Union, and the Americas, but it was not until after World War II that it was widely adopted as a form of mass communication around the globe. Although television’s innovation and diffusion as a novel technology, establishment and growth as a communications industry, maturation and popularity, and specialization and diversification took decades to unfold, once it became widely publicly available, it quickly materialized as an essential venue for news, information, and entertainment. Television originated as a domestic industry overseen through a variety of national regulatory arrangements, making its transformation from a medium focused on local interests and concerns into an industry with a global reach all the more compelling. This transformation, which was enhanced by the introduction of cable, satellite, and Internet technology, was, in retrospect, influenced by the accomplishments of radio broadcasting, with its ability to transcend national borders and reach unanticipated audiences, and the expansiveness of the film industry, which from the earliest days of the studio system had cultivated an international export market to enhance revenue. In the case of the television industry, export was led by production companies seeking to recoup the costs of production under deficit financing arrangements with the networks and program sponsors. Early global exports were driven mainly by US production companies, and although the United States remains dominant in the sale of finished products, a vast number of nations, production companies, and networks now provide the United States with stiff competition within regional markets and program genres. Deficit financing has been adopted more recently by wealthier non-US nations like the United Kingdom, while less affluent and/or smaller markets rely on other approaches. Ever-emerging technologies, penetrable national borders, remote markets, and viewer interest in programs from other countries are foundational concerns alongside the political economy of regulation that make up the study of the global television industry.

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