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In economics, the field of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. . Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be ...
Public Finance Review focuses on the variety of allocation, distribution, and stabilization functions within the public sector economy. The journal is a professional forum devoted to economic research, theory, and policy applications.
The efficient allocation of available resources; The distribution of income among citizens; and; The stability of the economy. Economist Jonathan Gruber has put forth a framework to assess the broad field of public finance. [4] Gruber suggests public finance should be thought of in terms of four central questions:
This framework is the suggestion that government activity should be separated into three functions or "branches," macroeconomic stabilization, income redistribution and resource allocation. The stabilization branch is to assure the achievement of high employment and price stability, the distribution branch is to achieve an equitable ...
To attain an efficient allocation of resources with the desired distribution of income, if the assumptions of the competitive model are satisfied by the economy, the sole role of the government is to alter the initial distribution of wealth [11] – the major drivers of income inequality in capitalist systems – was virtually nonexistent; and ...
Ares Dynamic Credit Allocation Fund Declares Monthly Distribution of $0.117 Per Share NEW YORK--(BUSINESS WIRE)-- Ares Dynamic Credit Allocation Fund (NYS: ARDC) announced the declaration of the ...
In addition, monetary factors affect income distribution and economic growth. Income distribution is a nominal variable and economic growth is an actual variable. The concept of currency neutrality may apply in economic-growth research; while studying income distribution, currency factors are important and cannot be ignored.
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