{"product_id":"understanding-government-finance-paperback","title":"Understanding Government Finance - Paperback","description":"\u003cp\u003eby \u003cb\u003eBrian Romanchuk\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eA 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.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eBrian 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.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 122\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.26 x 9 x 6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e July 04, 2016\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42721789214783,"sku":"9780994748058","price":16.12,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/6abe5609686667b05e8d10852222d3ae.webp?v=1765093580","url":"https:\/\/dhlswag.com\/products\/understanding-government-finance-paperback","provider":"BBB","version":"1.0","type":"link"}