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How is the heterodox/MMT approach different than the Neoclassical/orthodox view of government finances?
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- what are the differences in debt sustainability under the heterodox/MMT and Neoclassical/orthodox approaches?Compare and contrast the heterodox/MMT approach versus the Neoclassical/orthodox view of government finances. Be sure to address the following: a) the budget constraint; b) debt sustainability; c) crowding out; d) functional finance and sound finance; e) implications for sectoral balances.Investment projects can be viewed as analogous to bank loans. True or false?
- Why would government use "discretionary macroeconomic stabilization policy?When discussing the benefits of FHA, mortgage insurance volume typically increased during strong economic periods (i. e., growth). True FalseThe presence of a well developed financial market and a wide array of financial instruments is beneficial to the overall economy since the flow of funds would be greater. * True or False?
- Policy FailureFiscal policies can work only if private enterprises respond to them in certain way; if they respond in other ways, the policies fail. Explain and give examples.Providing tax shelters through investment is one of the main functions of the financial system. * Is it true or false?Which one of the following is NOT a unique characteristic of financial data? Select one: a. The measurement error and revisions problems in financial data are far less serious. b. Financial data are almost always normally distributed. c. Financial data are observed at much higher frequencies than macroeconomic data. d. Financial data are often considered very ‘noisy’