Author: Mr.Daniel Leigh
Publisher: International Monetary Fund
ISBN: 1455294691
Category : Business & Economics
Languages : en
Pages : 41
Book Description
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Expansionary Austerity New International Evidence
Author: Mr.Daniel Leigh
Publisher: International Monetary Fund
ISBN: 1455294691
Category : Business & Economics
Languages : en
Pages : 41
Book Description
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Publisher: International Monetary Fund
ISBN: 1455294691
Category : Business & Economics
Languages : en
Pages : 41
Book Description
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Reducing the Deficit, Spending and Revenue Options
Budget options
Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 380
Book Description
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 380
Book Description
Deficit Reduction and Fiscal Policy
Author: Donovan Kurt
Publisher:
ISBN: 9781620810330
Category : Budget deficits
Languages : en
Pages : 0
Book Description
The federal budget has been in deficit since 2002, but became significantly larger in 2009. That year, the deficit topped $1 trillion for the first time ever. Relative to the overall size of the economy, budget deficits from 2009 to 2011 have been significantly larger than in any other year since World War II. This book examines and discusses the size of the projected budget deficit; how much the deficit would need to be reduced to return to long-term sustainability; President Obama's fiscal commission and other initiatives; and business investment and employment tax incentives to stimulate the economy.
Publisher:
ISBN: 9781620810330
Category : Budget deficits
Languages : en
Pages : 0
Book Description
The federal budget has been in deficit since 2002, but became significantly larger in 2009. That year, the deficit topped $1 trillion for the first time ever. Relative to the overall size of the economy, budget deficits from 2009 to 2011 have been significantly larger than in any other year since World War II. This book examines and discusses the size of the projected budget deficit; how much the deficit would need to be reduced to return to long-term sustainability; President Obama's fiscal commission and other initiatives; and business investment and employment tax incentives to stimulate the economy.
The Deficit and the Economy
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
Book Description
Do Deficits Matter?
Author: Daniel Shaviro
Publisher: University of Chicago Press
ISBN: 9780226751122
Category : Business & Economics
Languages : en
Pages : 362
Book Description
Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal
Publisher: University of Chicago Press
ISBN: 9780226751122
Category : Business & Economics
Languages : en
Pages : 362
Book Description
Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal
Policies for Reducing the Current-account Deficit
Examining Whether There is a Role for Tax Reform in Comprehensive Deficit Reduction and U.S. Fiscal Policy
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Fiscal Responsibility and Economic Growth
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
Book Description