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Economics

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The economic effects of restrictions on government budget deficits

Article Abstract:

The impact of restrictions on the budget deficits of governments is examined in detail.

Economic research, Budget deficits

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Optimal policy in OG models

Article Abstract:

Government fiscal policy is used to maximize social welfare. The equilibrium path is found to possess the turnpike property.

Fiscal policy, Welfare economics

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Multiplicity of equilibria

Article Abstract:

Testing the multiplicity of equilibria for the purpose of determining behavior in various economic conditions reveals that market failures are caused by the lack of coordination between economic agents. Testing of multiple equilibria reveals that there are unique values for equilibria to have a one-to-one correspondence with other values so that if these values are not maintained, market failure results.

Usage, Testing, Economic indicators, Equilibrium (Economics), Multiplicity (Mathematics)

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