Fiscal policy under low interest rates / (Record no. 93953)

000 -LEADER
fixed length control field 03462cam a2200493Ii 4500
001 - CONTROL NUMBER
control field 13553213
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260227114618.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
fixed length control field m o d
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 220708s2023 mau o 000 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780262372961
Qualifying information (electronic bk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 0262372967
Qualifying information (electronic bk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
Cancelled/invalid ISBN 9780262544870
035 ## - SYSTEM CONTROL NUMBER
System control number (OCoLC)1334724996
035 #9 - SYSTEM CONTROL NUMBER
System control number (OCLCCM-CC)1334724996
037 ## - SOURCE OF ACQUISITION
Stock number 14858
Source of stock number/acquisition MIT Press
037 ## - SOURCE OF ACQUISITION
Stock number 9780262372961
Source of stock number/acquisition MIT Press
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
049 ## - LOCAL HOLDINGS (OCLC)
Holding library MAIN
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HG230.3
072 #7 - SUBJECT CATEGORY CODE
Subject category code BUS
Subject category code subdivision 039000
Source bisacsh
072 #7 - SUBJECT CATEGORY CODE
Subject category code BUS
Subject category code subdivision 045000
Source bisacsh
072 #7 - SUBJECT CATEGORY CODE
Subject category code POL
Subject category code subdivision 024000
Source bisacsh
072 #7 - SUBJECT CATEGORY CODE
Subject category code KCB
Source bicssc
072 #7 - SUBJECT CATEGORY CODE
Subject category code KCBM
Source bicssc
072 #7 - SUBJECT CATEGORY CODE
Subject category code KCP
Source bicssc
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Edition number 23
Classification number 332.42
100 1# - MAIN ENTRY--PERSONAL NAME
Preferred name for the person Blanchard, Olivier
Fuller form of name (Olivier J.),
Relator term author.
Authority record control number http://id.loc.gov/authorities/names/n84142043
245 10 - TITLE STATEMENT
Title Fiscal policy under low interest rates /
Statement of responsibility, etc Olivier Blanchard.
264 #1 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Cambridge :
Name of publisher, distributor, etc The MIT Press,
Date of publication, distribution, etc [2023]
300 ## - PHYSICAL DESCRIPTION
Extent 1 online resource (192 pages).
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term computer
Media type code c
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term online resource
Carrier type code cr
Source rdacarrier
520 ## - SUMMARY, ETC.
Summary, etc Rethinking fiscal and monetary policy in an economic environment of high debt and low interest rates. Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, while real interest rates are extremely low. Such a fundamental change, which seems likely to last, calls for a rethinking of the role of fiscal and monetary policy -- and this is just what Olivier Blanchard proposes in Fiscal Policy under Low Interest Rates . There is a wide set of opinions about the direction fiscal policy should take. Some, pointing to the high debt levels, make debt reduction an absolute priority. Others, pointing to the low interest rates, are less worried; they suggest that there is still fiscal space, and, if justified, further increases in debt should not be ruled out. Blanchard argues that low interest rates decrease not only the fiscal costs of debt, but also the welfare costs of debt. At the same time, he shows how low rates decrease the room for maneuver of monetary policy -- and thus increase the benefits of using fiscal policy, including deficits and debt, for macroeconomic stabilization. In short, low rates imply lower costs and higher benefits of debt. Having sketched what optimal policy looks like, Blanchard considers three examples of fiscal policy in action: fiscal consolidation in the wake of the Global Financial Crisis, the large increase in debt in Japan, and the current US fiscal and monetary policy mix. His conclusions hold practical implications for economic and fiscal policy makers, bankers, and politicians around the world.
540 ## - TERMS GOVERNING USE AND REPRODUCTION NOTE
Terms governing use and reproduction Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
Use and reproduction rights CC BY-NC-ND 4.0
Uniform Resource Identifier https://creativecommons.org/licenses/by-nc-nd/4.0/
588 0# - SOURCE OF DESCRIPTION NOTE
Source of description note Vendor-supplied metadata.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Monetary policy.
Authority record control number http://id.loc.gov/authorities/subjects/sh85086787
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Interest rates.
Authority record control number http://id.loc.gov/authorities/subjects/sh85067247
655 #4 - INDEX TERM--GENRE/FORM
Genre/form data or focus term electronic book.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier https://directory.doabooks.org/handle/20.500.12854/96985
Link text Full text is available at the Directory of Open Access Books. Click here to view.
942 ## - ADDED ENTRY ELEMENTS
Source of classification or shelving scheme
Item type EBOOK/OPEN ACCESS
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Use restrictions Not for loan Permanent Location Current Location Date acquired Full call number Date last seen Price effective from Item type
        In Process   COLLEGE LIBRARY COLLEGE LIBRARY 2026-01-14 332.42 B5927 2023 2026-01-14 2026-01-14 EBOOK/OPEN ACCESS