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Author : Judith N. Yates
Publisher : Gower Publishing Company, Limited
Page : 176 pages
File Size : 44,9 Mb
Release : 1971
Category : Economics
ISBN : UCAL:$B636876
Author : Eisuke Sakakibara
Publisher : Unknown
Page : 183 pages
File Size : 48,8 Mb
Release : 1969
Category : Gross national product
ISBN : OCLC:10759543
Author : Mr.Mario I. Bléjer,Mr.Ke-young Chu
Publisher : International Monetary Fund
Page : 404 pages
File Size : 51,7 Mb
Release : 1989-06-15
Category : Business & Economics
ISBN : 1557750343
Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department.
Author : Benjamin M. Friedman
Publisher : Amsterdam : North-Holland Publishing Company ; New York : American Elsevier
Page : 408 pages
File Size : 41,9 Mb
Release : 1975
Category : Business & Economics
ISBN : UOM:39015011337204
Background of the fundamental approach; Econometric model; Point linearization; Dynamic policy multipliers; Quadratic obtimization-the level problems of I.
Author : Hassan Bougrine,Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
Page : 360 pages
File Size : 43,7 Mb
Release : 2020-07-31
Category : Business & Economics
ISBN : 9781786439574
Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 257 pages
File Size : 53,8 Mb
Release : 2015-04-20
Category : Business & Economics
ISBN : 9781498344654
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 : Judith N. Yates
Publisher : Gower Publishing Company, Limited
Page : 176 pages
File Size : 54,7 Mb
Release : 1971
Category : Economics
ISBN : UOM:39015035121238
Author : Mr.James Daniel
Publisher : International Monetary Fund
Page : 80 pages
File Size : 42,8 Mb
Release : 2006-08-17
Category : Business & Economics
ISBN : 1589065131
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
Author : Mark Gertler,Kenneth S. Rogoff
Publisher : MIT Press
Page : 436 pages
File Size : 54,7 Mb
Release : 2004
Category : Business & Economics
ISBN : 0262572214
The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.
Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 53,9 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo
Publisher : International Monetary Fund
Page : 41 pages
File Size : 51,6 Mb
Release : 2011-07-01
Category : Business & Economics
ISBN : 9781455294695
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.
Author : Davide Debortoli,Mr.Jinill Kim,Jesper Lindé,Mr.Ricardo C Nunes
Publisher : International Monetary Fund
Page : 56 pages
File Size : 42,8 Mb
Release : 2017-07-21
Category : Business & Economics
ISBN : 9781484311752
Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple loss functions should feature a high weight on measures of economic activity, sometimes even larger than the weight on inflation. Two main factors drive our result. First, stabilizing economic activity also stabilizes other welfare relevant variables. Second, the estimated model features mitigated inflation distortions due to a low elasticity of substitution between monopolistic goods and a low interest rate sensitivity of demand. The result holds up in the presence of measurement errors, with large shocks that generate a trade-off between stabilizing inflation and resource utilization, and also when ensuring a low probability of hitting the zero lower bound on interest rates.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 33 pages
File Size : 55,5 Mb
Release : 1998-03-01
Category : Business & Economics
ISBN : 9781451844238
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Author : Stephen J. Turnovsky
Publisher : CUP Archive
Page : 416 pages
File Size : 52,9 Mb
Release : 1977-08-04
Category : Business & Economics
ISBN : 052121520X
The main focus of this book is the construction and analysis of an integrated macroeconomic model.
Author : A. Brunila,M. Buti,D. Franco
Publisher : Springer
Page : 446 pages
File Size : 54,5 Mb
Release : 2001-09-20
Category : Business & Economics
ISBN : 9780230629264
The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.
