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Understanding Government Finance

Understanding Government Finance

          
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About the Book

A government budget is not like a household budget. This report introduces the financial operations used by a central government with a free-floating currency, and explains how they differ from that of a household or corporation. The focus is on the types of constraints such a government faces.This report introduces a simplified framework for the monetary system, along with the operating procedures that are associated with it. Some of the complications seen in real-world government finance are then added onto this simplified framework.This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within economics. Modern Monetary Theory emphasises the real limits of government action, as opposed to purely theoretical views about fiscal policy.
About the Author: Brian Romanchuk founded the website BondEconomics.com in 2013. It is a website dedicated to providing analytical tools for the understanding of the bond markets and monetary economics. He previously was a senior fixed income analyst at la Caisse de dépôt et placement du Québec. He held a few positions, including being the head of quantitative analysis for fixed income. He worked there from 2006-2013. Previously, he worked as a quantitative analyst at BCA Research, a Montréal-based economic-financial research consultancy, from 1998-2005. During that period, he developed a number of proprietary models for fixed income analysis, as well as covering the economies of a few developed countries. Brian received a Ph.D. in Control Systems Engineering from the University of Cambridge, and held post-doctoral positions there and at McGill University. His undergraduate degree was in electrical engineering, from McGill. He is a CFA charter holder. Brian currently lives in the greater Montréal area.


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Product Details
  • ISBN-13: 9780994748058
  • Publisher: Bondeconomics
  • Publisher Imprint: Bondeconomics
  • Height: 229 mm
  • No of Pages: 122
  • Series Title: English
  • Weight: 172 gr
  • ISBN-10: 0994748051
  • Publisher Date: 04 Jul 2016
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 7 mm
  • Width: 152 mm


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