Post-Keynesian approach to budget balance with regard to the financial balances of economic sectors
In the article, the authors investigate the reasons for the fallacy of the presumption that the ‘excessive’ level of public debt is harmful to economic growth, and that austerity measures should be applied whenever public debt is too large. We also considered the approach of the advocates of “functi...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2019-12-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/249 |