Philosophy Dictionary of ArgumentsHome
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| Government debt: Government debt, also known as public debt, refers to the accumulated financial obligations a government owes to creditors, individuals, or institutions. It arises from borrowing to finance expenditures exceeding revenues. Represented by bonds or securities, it reflects the total amount the government owes and is a key indicator of a country's financial health and borrowing capacity. See also Government budget, State, Fiscal policy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Economic Theories on Government Debt - Dictionary of Arguments
Mause I 235 Government Debt/Economic Theories: It is also possible to introduce a rule binding in fiscal policy. In the recent economic policy debate, for example, attempts have been made to distinguish between cyclical and structural government budget deficits. See Govenrment Debt/Keynesianism, Government Debt/Neoclassical Theories. Terminology: Def Output Gap: indicates the severity of the economic downturn. Budget elasticity: indicates the extent to which the government deficit automatically rises in the event of an economic downturn, as tax revenues fall as a result of the economic situation and government spending increases as a result of the economic situation (so-called automatic stabilisers). Def Crowding Out: Displacement of private expenditure. This results when the production potential is already fully exploited, so that higher government spending on goods and services in the long term means that private spending on goods and services must be lower than would be possible without higher government spending._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Economic Theories Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Economic Theories
> Counter arguments in relation to Government Debt
Ed. Martin Schulz, access date 2024-04-28