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Comments on the Self-Financing Thesis and on the Keynesian Model

Author

Listed:
  • Hans-Werner Sinn

Abstract

Hans-Werner Sinn shows that debt-financed increases in public expenditure mean that public debt in any period will grow by an unavoidable residual deficit despite partial self-financing; and that such increases thus make full self-financing impossible.

Suggested Citation

  • Hans-Werner Sinn, 2014. "Comments on the Self-Financing Thesis and on the Keynesian Model," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(23), pages 03-04, December.
  • Handle: RePEc:ces:ifosdt:v:67:y:2014:i:23:p:03-04
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    File URL: https://www.ifo.de/DocDL/ifosd_2014_23_1.pdf
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    Citations

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    Cited by:

    1. Scherf, Wolfgang, 2014. "Selbstfinanzierungseffekte antizyklischer Finanzpolitik," Finanzwissenschaftliche Arbeitspapiere 91, Justus Liebig University Giessen, Fachbereich Wirtschaftswissenschaften.
    2. Fritz Helmedag, 2022. "Steuern und Budgetdefizite als Determinanten des Sozialprodukts [How Taxes and Budget Deficits Determine Domestic Product]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(3), pages 229-235, March.

    More about this item

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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