Supply Side Economics In A Global Economy

Author : Enrique G. Mendoza,Linda L. Tesar
Publisher : Unknown
Page : 74 pages
File Size : 41,6 Mb
Release : 1995
Category : Fiscal policy
ISBN : UCSD:31822018963405

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Supply-side Economics in a Global Economy by Enrique G. Mendoza,Linda L. Tesar Pdf

Recent quantitative studies predict large welfare gains from reducing tax distortions in a closed economy, despite costly transitional dynamics to more efficient tax systems. This paper examines transitional dynamics and gains of tax reforms for countries in a global economy, and provides numerical solutions for international tax competition games. Tax reforms in a global economy cause cross-country externalities through capital flows in response to consumption-smoothing and debt-servicing effects, with taxes on world payments affecting the distribution of welfare gains. Within the class of time-invariant tax rates, the gains of replacing income taxes with consumption taxes are large and, in the absence of taxes on foreign assets, the monopoly distortion separating cooperative and noncooperative equilibria is negligible. The analysis starts from a benchmark reflecting current G-7 fiscal policies, and considers the effects of tax reforms on real exchange rates and interest differentials. Tax-distorted equilibrium dynamics are computed using a modified version of the King-Plosser-Rebelo algorithm augmented with shooting routines.

Author : Victor A. Canto,Douglas H. Joines,Arthur B. Laffer
Publisher : Academic Press
Page : 300 pages
File Size : 48,6 Mb
Release : 2014-05-10
Category : Business & Economics
ISBN : 9781483271576

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Foundations of Supply-Side Economics by Victor A. Canto,Douglas H. Joines,Arthur B. Laffer Pdf

Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.

Author : Bruce R. Bartlett
Publisher : Crown
Page : 244 pages
File Size : 45,8 Mb
Release : 1981
Category : Political Science
ISBN : 0870005057

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Reaganomics by Bruce R. Bartlett Pdf

Author : Mr.Enrique G. Mendoza,Ms.Linda L. Tesa
Publisher : International Monetary Fund
Page : 62 pages
File Size : 40,9 Mb
Release : 1993-11-01
Category : Business & Economics
ISBN : 9781451955095

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Supply-Side Economics in an Integrated World Economy by Mr.Enrique G. Mendoza,Ms.Linda L. Tesa Pdf

The macroeconomic effects of changes in tax and expenditure policies are examined in the context of the competitive equilibrium of a two-country, two-sector model of an integrated world economy. Governments finance purchases and net transfers of tradable and nontradable goods by imposing distortionary taxes on factor incomes and consumption. The model is parameterized and calibrated using data from large industrial economies, including estimates of effective tax rates. Numerical simulations provide estimates of the welfare costs associated with existing distortionary taxes and of the potential gains linked to a more efficient use of these taxes. Welfare gains from tax reforms favoring indirect taxation are substantial. The effects of permanent changes in expenditures depend on their sectoral allocation across tradables and nontradables and on whether they are debtor tax-financed. Trade in goods and assets is very sensitive to fiscal policy changes, but aggregate consumption patterns and welfare implications are not.

Author : Robert Atkinson
Publisher : Rowman & Littlefield
Page : 276 pages
File Size : 46,9 Mb
Release : 2007-10-29
Category : Fiscal policy
ISBN : 9780742551077

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Supply-Side Follies by Robert Atkinson Pdf

Supply-Side Follies methodically debunks the common assumptions of conservative economics and demonstrates why it is a 'flawed doctrine' that is setting up the U.S. for a major economic downturn in the near future.

Author : Lawrence Robert Klein
Publisher : Baltimore, Md. : Johns Hopkins University Press
Page : 192 pages
File Size : 45,8 Mb
Release : 1983
Category : Business & Economics
ISBN : UCAL:B4149144

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The Economics of Supply and Demand by Lawrence Robert Klein Pdf

Lectures on the economics of supply and demand - discusses related economic theories, implementation of supply side economic policies (incl. Incomes policy and indexation), supply-side economic modeling, challenges to Keynesian economics from the supply side, Rational Expectations and monetarism, etc.; includes simulations of the global impact of petroleum price increases. Bibliography, graphs and references.

Author : Thomas J. Hailstones
Publisher : Reston, Va. : Reston Publishing Company
Page : 190 pages
File Size : 40,8 Mb
Release : 1982
Category : Supply-side economics
ISBN : STANFORD:36105039687863

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A Guide to Supply-side Economics by Thomas J. Hailstones Pdf

Author : L.H. Meyer
Publisher : Springer Science & Business Media
Page : 269 pages
File Size : 44,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400981744

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The Supply-Side Effects of Economic Policy by L.H. Meyer Pdf

On October 24 and 25, 1980, the Center for the Study of American Business at Washington University and the Federal Reserve Bank of St. Louis cosponsored their fifth annual conference, "The Supply-Side Effects of Economic Policy." This volume contains the papers and comments delivered at that conference. Proponents of "supply-side economics" have challenged the policy recommendations that emerge from "Keynesian" macroeconometric models. These models focus on the effects of economic policy on the demand for output. Supply-side economics, in contrast, emphasizes the response of output to changes in the supply of inputs. Decisions affecting the capital stock and employment-in particular, saving and investment decisions and labor force participation and hours decisions-are the focus of the supply-siders' attention. The 1980 conference examined most of the major themes associated with supply-side economics. The papers in Part I of this volume develop the theory underlying various supply-side propositions and present empirical evidence in support of some of these propositions. In Part II, the effect of taxes on capital formation and the effect of increased capital formation on output growth and inflation are examined. The effect of tax and transfer programs on labor supply, employment and unemployment are examined in Part III. The final section contains the special luncheon and dinner presentations.

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 366 pages
File Size : 53,9 Mb
Release : 2024-02-05
Category : Business & Economics
ISBN : PKEY:6610000523290

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Supply Side Economics by Fouad Sabry Pdf

What is Supply Side Economics Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply-side economics, consumers will benefit from greater supplies of goods and services at lower prices, and employment will increase. Supply-side fiscal policies are designed to increase aggregate supply, as opposed to aggregate demand, thereby expanding output and employment while lowering prices. Such policies are of several general varieties:Investments in human capital, such as education, healthcare, and encouraging the transfer of technologies and business processes, to improve productivity. Encouraging globalized free trade via containerization is a major recent example.Tax reduction, to provide incentives to work, invest and take risks. Lowering income tax rates and eliminating or lowering tariffs are examples of such policies.Investments in new capital equipment and research and development (R&D), to further improve productivity. Allowing businesses to depreciate capital equipment more rapidly gives them an immediate financial incentive to invest in such equipment.Reduction in government regulations, to encourage business formation and expansion. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Supply-side economics Chapter 2: Reaganomics Chapter 3: Economic Recovery Tax Act of 1981 Chapter 4: Fiscal policy Chapter 5: Arthur Laffer Chapter 6: Jude Wanniski Chapter 7: Tax cut Chapter 8: Trickle-down economics Chapter 9: Dynamic scoring Chapter 10: Stephen Moore (writer) Chapter 11: Fiscal conservatism Chapter 12: Tax efficiency Chapter 13: Bush tax cuts Chapter 14: Larry Kudlow Chapter 15: Laffer curve Chapter 16: Political debates about the United States federal budget Chapter 17: Deficit reduction in the United States Chapter 18: Kansas experiment Chapter 19: Reagan tax cuts Chapter 20: Economic policy of the Donald Trump administration Chapter 21: Tax Cuts and Jobs Act (II) Answering the public top questions about supply side economics. (III) Real world examples for the usage of supply side economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Supply Side Economics.

Author : Lin Xiao
Publisher : Springer
Page : 325 pages
File Size : 46,8 Mb
Release : 2017-08-16
Category : Business & Economics
ISBN : 9789811046391

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New Supply Side Economics by Lin Xiao Pdf

This book investigates the basic theoretical framework and conducts a logical analysis of China’s new supply-side economics, while also providing a strategic path to remedy the plight of China’s economic development. From the perspective of connotation, theory and methods, China’s structural reform differs both from that proposed by the Western supply-side school or supply-side economics, and from that proposed by structural economists. The theoretical basis of supply-side structural reform falls under socialist political economics with Chinese characteristics, and the new supply-side economics represent an important component of socialist political economics with Chinese characteristics.

Author : Richard H. Fink
Publisher : Frederick, Md. : Aletheia Books
Page : 520 pages
File Size : 42,9 Mb
Release : 1982
Category : Economic policy
ISBN : UCAL:B4373400

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Supply-side Economics by Richard H. Fink Pdf

"Aletheia books" Includes bibliographical references.

Author : Tony Cleaver
Publisher : Routledge
Page : 281 pages
File Size : 45,6 Mb
Release : 2013-12-19
Category : Business & Economics
ISBN : 9781134710508

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Understanding the World Economy by Tony Cleaver Pdf

With globalization continuing apace, the world economy continues to experience dramatic change and development. This third edition builds on the popular format of its predecessors to provide the best concise guide to its subject for students of international economics. Since the previous edition, new developments covered include: the ongoing impact of 9/11 and the Iraq War the increased number of free trade agreements, custom unions and common markets, including the recent accession of ten new countries to the European Union in 2004 an acknowledgement of the huge impact of private firms in shaping the global economy an examination of the role of the International Monetary Fund, World Bank and World Trade Organization. The book takes the student through the major characteristics of the global economy in jargon-free non-technical language. Chapter summary diagrams and a wealth of boxes and tables make this an essential introduction for undergraduates and A-level students as well as the casual reader.

Author : Thomas J. Hailstones
Publisher : Prentice Hall
Page : 324 pages
File Size : 51,9 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015002352915

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Viewpoints on Supply-side Economics by Thomas J. Hailstones Pdf

This volume contains some primer material and most of the contributions are at the conversational level, directed mainly at the nonspecialist. Covers a broad selection of issues with contributors ranging from Arthur Laffer on the advocacy side to James Tobin for the opposition. Includes a discussion on the validity of Keynesian economics and specific aspects of the Reagan economic program. ISBN 0-8359-8386-2.

Author : Mark Cook,Nige Healey
Publisher : Heinemann
Page : 132 pages
File Size : 51,5 Mb
Release : 2001
Category : Supply-side economics
ISBN : 0435330470

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Supply Side Policies by Mark Cook,Nige Healey Pdf

This series is written around key areas of economics and business studies. Each individual title reflects headings in exam board specifications, to enable students to know which books to buy. The books include data and diagrams which aim to offer comprehensive facts on each subject.

Author : Bishop of Hippo Wanniski
Publisher : Regnery Publishing
Page : 424 pages
File Size : 54,9 Mb
Release : 1998-07-01
Category : Business & Economics
ISBN : 0895263440

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The Way the World Works by Bishop of Hippo Wanniski Pdf

To celebrate the 20th anniversary of the book which helped launch the current economic miracle, Gateway Books is proudly repackaging and re-releasing The Way the World Works. Jude Wanniski's masterpiece defined the economic policies of the 1980s responsible for a booming stock market, the creation of thirty million new jobs, untold wealth, and unparalleled prosperity.