975 resultados para Public administration theory


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"Appeared in Public administration review, winter 1943, vol. III, no. 1."--Pref.

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Typescript (photocopy)

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Papers delivered at a summer seminar held at the University of California, Berkeley in 1965.

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This article presents a new framework for analyzing the simultaneous determination of current account imbalances and the path of national income. Using standard macroeconomic behavioral relationships, it first examines how and why current account deficits matter by investigating links between domestic consumption, government spending, output, saving, investment, interest rates, and capital flows. Central to the model is the distinction between aggregate output and expenditure that enables dissection of the effects of discretionary fiscal change on the current account and national income. The framework yields results relevant to the twin deficits hypothesis that are contrary to those of standard models.