Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 574
Book Description
Changes in the Tax System as a Part of Stabilization Policy
Author: Changes in the Tax System as a Part of Stabilization Policy
Author: Fiscal Policy, Stabilization, and Growth
Author: Guillermo E. PerryPublisher: World Bank Publications
ISBN: 0821370855
Category : Business & Economics
Languages : en
Pages : 354
Book Description
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.
Tax Changes for Shortrun Stabilization
Author: United States. Congress. Joint Economic Committee. Subcommittee on Fiscal PolicyPublisher:
ISBN:
Category : Taxation
Languages : en
Pages : 34
Book Description
Fiscal Policy and Long-Term Growth
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1498344658
Category : Business & Economics
Languages : en
Pages : 257
Book Description
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.
Indexing the Individual Income Tax for Inflation
Author: Thomas Frederick DernburgPublisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 40
Book Description
Tax Changes for Shortrun Stabilization
Author: United States. Congress. Economic Joint CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 352
Book Description
Tax Changes for Shortrun Stabilization
Author: United States. Congress. Joint Economic Committee. Subcommittee on Fiscal PolicyPublisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 328
Book Description
The Effectiveness of Fiscal Policy in Stimulating Economic Activity
Author: Richard HemmingPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 62
Book Description
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.
Tax Changes for Shortrun Stabilization
Author: United States. Congress. Economic Joint CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 36
Book Description