巴罗 宏观经济学现代观点 第12章.pptx

库文档分享
1
Data on Government Expenditure
Government expenditure is the dollar amount spent at all levels of government for
purchases of goods and services
transfer payments (amounts given to households and businesses)
interest payments
库文档分享
2
Data on Government Expenditure
库文档分享
3
Data on Government Expenditure
库文档分享
4
Data on Government Expenditure
库文档分享
5
库文档分享
6
库文档分享
7
Data on Chinese Government Expenditure
中国(2007)
美国(课本上的数据)
占GDP比重
占财政比重
占GDP比重
占财政比重
财政开支

32
国防



10
教育




社保




库文档分享
8
The Government’s Budget Constraint
Government budget constraint:
total uses of funds = total sources of funds
Gt + Vt = Tt + ( Mt− Mt−1)/ Pt
real purchases+ real transfers
= real taxes+ real revenue from money creation
库文档分享
9
The Government’s Budget Constraint
Gt represent government purchases in real terms for year t.
Ct + It + Gt, is the aggregate real spending on goods and services in year t.
Vt represent the government’s real expenditure on transfers.
The real value of this revenue for year t is (Mt −Mt−1)/Pt
Tt be the total real taxes collected by the government in year t.
库文档分享
10
The Government’s Budget Constraint
Government budget constraint
Gt + Vt = Tt
real purchases+ real transfers= real taxes