Jump to ContentJump to Main Navigation
Macroeconomic Theory$
Users without a subscription are not able to see the full content.

Jean-Pascal Benassy

Print publication date: 2011

Print ISBN-13: 9780195387711

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780195387711.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 12 November 2019

Policy

Policy

The Public Finance Approach

Chapter:
(p.413) 17 Policy
Source:
Macroeconomic Theory
Author(s):

Jean-Pascal Bénassy

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195387711.003.0017

This chapter studies the issues of optimal government policy. It presents the “public finance” approach to policy and examines the approach’s central purpose to minimize distortions associated with the financing of public spending. It looks at basic issues in policy design regarding government, objectives, instruments, and information. It focuses on two classic examples of monetary policy, the Friedman rule and tax smoothing. It also delves deeper into the foundations of the public finance approach and examines the issue of Ramsey taxation.

Keywords:   optimal government policy, public finance, public spending, monetary policy, Friedman rule, tax smoothing, Ramsey taxation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .