Fiscal Policy after the Financial Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policy after the Financial Crisis write by Alberto Alesina. This book was released on 2013-06-25. Fiscal Policy after the Financial Crisis available in PDF, EPUB and Kindle. The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.
Fiscal Policies and Growth in the World Economy
Fiscal Policies and Growth in the World Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policies and Growth in the World Economy write by Jacob A. Frenkel. This book was released on 1996. Fiscal Policies and Growth in the World Economy available in PDF, EPUB and Kindle. Covering a full array of topics in open economy macro and public economics, Fiscal Policies and Growth in the World Economy has been thoroughly revised and extended. The added material in this new edition includes stochastic rational-expectations extensions of the Mundell-Fleming model, the development of a dynamic-optimizing approach of the trade balance, and an entirely new part on issues of international economic convergence, which also contains a comprehensive policy overview. Other chapters have been updated or reorganized, and there is a brief guide to solving typical dynamic macro problems along with a printout of software suitable for numerical simulations. A companion diskette containing solutions in dynamic macro problems and some sample programs is available in GAUSS for IBM. The exercises and solutions manual by Krueger, Ostry, and Yuen has also been updated and extended. Fiscal Policies and Growth in the World Economy has been used successfully in graduate and senior undergraduate courses in international economics and public finance. The objective of this new edition remains the same as before: to treat the major topics in macro and public economics using both traditional and modern approaches. The traditional approach is first explained, from the simple income-expenditure model to the more advanced stochastic Mundell-Fleming model. The modern intertemporal approach is then presented, starting with the simple two-period model and extending it to a full-fledged dynamic model. Other sections review recent developments in the world economy; government spending, budget deficits, and differences across international taxation; and economic growth in the world economy, especially the convergence of income and growth levels across countries.
Fiscal Policy and Long-Term Growth
Fiscal Policy and Long-Term Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policy and Long-Term Growth write by International Monetary Fund. This book was released on 2015-04-20. Fiscal Policy and Long-Term Growth available in PDF, EPUB and Kindle. 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.
Inequality and Fiscal Policy
Inequality and Fiscal Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inequality and Fiscal Policy write by Mr.Benedict J. Clements. This book was released on 2015-09-21. Inequality and Fiscal Policy available in PDF, EPUB and Kindle. The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government’s most powerful tool for addressing inequality. It affects households ‘consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics.
The Impact of Fiscal Policy on Economic Growth
The Impact of Fiscal Policy on Economic Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of Fiscal Policy on Economic Growth write by Ulrich Thiessen. This book was released on 2007. The Impact of Fiscal Policy on Economic Growth available in PDF, EPUB and Kindle. The analysis of fiscal policy on economic growth has changed fundamentally. Using the example of the large European State and prominent transition country Ukraine, selected modern aspects of fiscal policy are analyzed. First, can a higher degree of fiscal decentralization, in the sense of more freedom for decisions given to lower levels of government, promote economic growth? And if so, under what conditions? Second, which of the potential causes of shadow economic activity are statistically significant, which of them can be influenced by economic and fiscal policy measures, and what is their respective quantitative influence on the shadow economy? Third, is the fiscal equalization system effectively redistributing income among the regions? What is the impact of the redistribution on economic growth and on the donor and recipient regions, respectively? How is fiscal sustainability to be assessed and could relatively simple rules be suggested that would promote a stabilizing influence of fiscal policy on the economy while avoiding crises and improve the long run efficiency of fiscal policy? Finally, to what extent is social policy considered fiscal policy and are there options to raise the efficient use of resources in social policy? Each of these questions is answered on the basis of an analysis and the book includes policy recommendations.
