Book Description
Tiivistelmä.
Author : Anne Brunila
Publisher :
Page : 46 pages
File Size : 45,29 MB
Release : 1997
Category :
ISBN :
Tiivistelmä.
Author : Anne Brunila
Publisher : Suomen Pankki
Page : 156 pages
File Size : 40,28 MB
Release : 1997
Category : Finance, Public
ISBN :
Tiivistelmä.
Author : Anne Brunila
Publisher :
Page : 43 pages
File Size : 46,19 MB
Release : 1996
Category :
ISBN : 9789516865365
Tiivistelmä.
Author : Anne Brunila
Publisher :
Page : 43 pages
File Size : 18,16 MB
Release : 1996
Category :
ISBN :
Author : Anne Brunila
Publisher :
Page : 80 pages
File Size : 31,11 MB
Release : 1997
Category :
ISBN :
Tiivistelmä.
Author : Richard Hemming
Publisher : International Monetary Fund
Page : 62 pages
File Size : 37,98 MB
Release : 2002-12
Category : Business & Economics
ISBN :
This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Author : Randall P. Mariger
Publisher : Harvard University Press
Page : 292 pages
File Size : 22,44 MB
Release : 1986
Category : Business & Economics
ISBN : 9780674166356
In Consumption Behavior and the Effects of Government Fiscal Policies, Randall Mariger explores how people make decisions about how much to consume and save over their lifetimes. An understanding of these issues illuminates not only individual behavior but important properties of the macro economy as well. The most popular framework for analyzing consumption has been the life-cycle theory. Mariger tests two fundamental, and controversial, assumptions underlying the theory--that there are no planned bequests and that human capital is marketable. To do this, he fits a structural consumption model that incorporates endogenous liquidity constraints (non-marketability of human capital), but no planned bequests, to data on a cross-section of U. S. families. This estimated model, in conjunction with estimates of alternative models, enables him to make inferences about the respective effects of liquidity constraints and social security wealth on consumption. This latter effect yields indirect evidence concerning planned bequests. Mariger also presents direct evidence concerning bequest behavior. Among his findings are that the model fits the data very well in spite of its tight theoretical structure; that liquidity constraints are prevalent and have important effects on consumption behavior; that planned bequests appear not to be common among families in the lower 99.1% of the wealth distribution; and that families in the upper 0.9% of the wealth distribution appear to plan substantial bequests. Mariger devotes the latter part of his book to studying the implications of his estimated consumption model for the effects of government fiscal policies. More specifically, he simulates the model to infer the effects of government tax/debt policy, as well as those of the social security system, on aggregate savings.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 257 pages
File Size : 45,18 MB
Release : 2015-04-20
Category : Business & Economics
ISBN : 1498344658
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author : Guillermo E. Perry
Publisher : World Bank Publications
Page : 354 pages
File Size : 41,70 MB
Release : 2007-10-19
Category : Business & Economics
ISBN : 0821370855
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
Author : Nadeem Ul Haque
Publisher :
Page : 44 pages
File Size : 21,42 MB
Release : 1986
Category : Consumers
ISBN :