Author: Darrel CohenPublisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 58
Book Description
The Effect of Taxes on Money Demand and Aggregate Demand
Author: Darrel CohenPublisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 58
Book Description
Indexing the Individual Income Tax for Inflation
Author: Thomas Frederick DernburgPublisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 32
Book Description
Specialization and Trade
Author: Arnold KlingPublisher: Cato Institute
ISBN: 1944424164
Category : Business & Economics
Languages : en
Pages : 223
Book Description
Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.
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.
The Negative Income Tax. The Cost and the Impact on Aggregate Demand
Author: Ralph Douglas HusbyPublisher:
ISBN:
Category : Negative income tax
Languages : en
Pages : 212
Book Description
The Effect of Taxes on Money Demand and Aggregate Demand
Author: Darrel CohenPublisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 58
Book Description
The Level and Volatility of Interest Rates in the United States
Author: John H. MakinPublisher:
ISBN:
Category : Inflation
Languages : en
Pages : 62
Book Description
This paper attempts to demonstrate a need to expand the simple Fisherian view whereby changes in interest rates are explained largely by changes in expected inflation. It presents and tests a model of expected, after-tax real interest rate behavior which, together with a group of explanatory variables suggested by a structural model, takes full account of implications of a broad range of U.S. tax code provisions for behavior of interest rates. Determinants of interest rate volatility are also investigated. The model and results of empirical testing suggest:(1) why the measured impact on interest rates of changes in anticipated inflation has been below levels anticipated by many investigators; (2) how the measured impact on interest rates of explanatory variables is conditional on tax rates which may change over time; (3) larger than expected fiscal deficits have a moderate positive impact on interest rates (40 basis points per 100 billion annual rise for three-month Treasury bills) while lower than expected money growth may also raise interest rates (as iri the second quarter of 1981 when it did so by an estimated 24 basis points);(4) inflation uncertainty produces no significant impact on interest rates due to the econometric effect of including a measure of excess capacity; (5) an unexpected rise in money demand may be responsible for persistently higher interest rates during the first half of 1982 but during most of the 1960-82 period money supply shocks had a more powerful impact on interest rates.
Tax By Design
Author: Stuart AdamPublisher: Oxford University Press
ISBN: 0199553742
Category : Business & Economics
Languages : en
Pages : 552
Book Description
Based on the findings of a commission chaired by James Mirrlees, this volume presents a coherent picture of tax reform whose aim is to identify the characteristics of a good tax system for any open developed economy, assess the extent to which the UK tax system conforms to these ideals, and recommend how it might be reformed in that direction.
The Negative Income Tax
Author: Ralph Douglas HusbyTax Limitation, Inflation and the Role of Government
Author: Milton FriedmanPublisher: Dallas : Fisher Institute
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
Book Description