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National consumption --- Consumption (Economics) --- Mathematical models --- Consommation. Modèles mathématiques. --- Verbruik. wiskundige modellen. --- Consumption (Economics) - Mathematical models

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Consumption (Economics) --- Consommation (Economie politique) --- Mathematical models --- Modèles mathématiques --- Mathematical models. --- Modèles mathématiques --- Consumption (Economics) - Mathematical models.

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National consumption --- Consumption (Economics) --- Mathematical models --- AA / International- internationaal --- 339.320 --- Consumptie: algemeenheden. Wet van de vraag in verband met de consumptie. Consumptiebehoefte. Behoeftetheorie. --- Consumptie: algemeenheden. Wet van de vraag in verband met de consumptie. Consumptiebehoefte. Behoeftetheorie --- Consumption (Economics) - Mathematical models

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Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. This method is discussed fully, illustrated by simple examples, and compared with alternative procedures. An outline of a computer program that enables readers to undertake their own calculations is included. In order to present the approach clearly, the author provides an exposition of the fundamental ideas and the main alternative approaches to the problem. These rely on various forms of index numbers and consumer surplus. However, as is well known, such measures are not capable of correctly ordering the various alternatives under consideration, except under highly unrealist assumptions. In this book the author suggests the abandonment of this traditional approach based on the concept of 'willingness-to-pay' or the conpensating variation. Instead, the measure that Samuelson has called the 'money-metric' should become the cornerstone of applied welfare economics.

Microeconomics --- Welfare economics --- Consumption (Economics) --- Demand functions (Economic theory) --- Mathematical models --- economie --- prosperite et bien etre --- modeles economiques --- AA / International- internationaal --- 306.110 --- 339.320 --- 330.580 --- welvaart en welzijn --- economische modellen --- Algemeenheden over indexcijfers. --- Consumptie: algemeenheden. Wet van de vraag in verband met de consumptie. Consumptiebehoefte. Behoeftetheorie. --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden. --- Economic policy --- Economics --- Social policy --- Demand curves (Economic theory) --- Functions, Demand (Economic theory) --- Consumption functions (Economics) --- Algemeenheden over indexcijfers --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden --- Consumptie: algemeenheden. Wet van de vraag in verband met de consumptie. Consumptiebehoefte. Behoeftetheorie --- Business, Economy and Management --- Consumption (Economics) - Mathematical models --- Welfare economics. --- Mathematical models.

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This book studies the sustainability and optimality of public debt under different scenarios: the closed economy, the small open economy, and a two-country setting. Sustainability refers to the existence and the stability of the long-run equilibrium. Optimality relates to the path of public debt that maximizes discounted utility. The analysis is conducted within the framework of the Solow model, the overlapping generations model and the infinite horizon model. The government can follow different strategies, it either fixes the deficit ratio or the tax rate. As a result, a fixed deficit ratio generally can be sustained. By contrast, a fixed tax rate generally cannot be sustained. Depending on the chosen fiscal strategy, there exists either an optimal deficit ratio or an optimal tax rate that maximizes the sum of consumption and government purchases per capita.

Consumption (Economics) -- Mathematical models. --- Debts, Public -- Mathematical models. --- Debts, Public. --- Debts. --- Finance. --- Debts, Public --- Political Science --- Law, Politics & Government --- Public Finance --- Mathematical models --- Mathematical models. --- Macroeconomics. --- International economics. --- Public finance. --- Economic growth. --- Economics. --- Public Economics. --- Economic Growth. --- International Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economics --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Development, Economic --- Economic growth --- Growth, Economic --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Cameralistics --- Public finance --- Currency question --- Public finances