The New Dynamic Public Finance

Author : Narayana R. Kocherlakota
Publisher : Princeton University Press
Page : 230 pages
File Size : 42,7 Mb
Release : 2010-07-01
Category : Business & Economics
ISBN : 9781400835270

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The New Dynamic Public Finance by Narayana R. Kocherlakota Pdf

Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, The New Dynamic Public Finance provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research.

Author : John M. Quigley,Eugene Smolensky
Publisher : Harvard University Press
Page : 376 pages
File Size : 49,9 Mb
Release : 2000-11-15
Category : Business & Economics
ISBN : 0674004205

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Modern Public Finance by John M. Quigley,Eugene Smolensky Pdf

In Modern Public Finance, senior scholars in the field review and synthesize recent theoretical developments in important areas--optimal taxation, public sector dynamics, distribution theory, and club theory, to name a few--which challenge us to understand and improve public policy. Each chapter highlights original research by a recognized leader in the field, relates this work to cumulative developments, and frames important questions for further study.

Author : Anonim
Publisher : Atlantic Publishers & Distri
Page : 182 pages
File Size : 42,7 Mb
Release : 1984
Category : Electronic
ISBN : 8210379456XXX

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Economics of Public Finance by Anonim Pdf

Author : Carl Shoup
Publisher : Routledge
Page : 677 pages
File Size : 41,6 Mb
Release : 2017-07-05
Category : Business & Economics
ISBN : 9781351495738

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Public Finance by Carl Shoup Pdf

Broad in scope and carefully balanced in emphasis, this book is a major treatise on the theory and practice of public finance. It is unique in its presentation of a worldwide perspective and in its treatment of both the instruments of public finance and the goals, effects, and criteria of public finance measures. The book is divided into three parts. Book One defines the field, specifies the possible meaning of the "effects" of a public finance measure, and describes the criteria by which these measures are commonly appraised.Book Two is concerned with micro public finance and opens with a discussion of the theory of public goods in general. Each of the major free government services and types of transfer payments as well as the taxes that government employs are then examined. This section concludes with a chapter on the relevant aspects of government borrowing and inflationary finance. Book Three considers the major goals of public finance policy and describes how the various instruments described in Book Two can be used in achieving these goals. Among the topics treated are the use of appropriate instruments to resolve conflict in goals, conceptual problems of measuring the public finance sector and its maximum and minimum economic limits, consensus goals of equity full employment and Pareto-optimism use of resources, and goals that evoke conflicts of interest within any community.

Author : James M. Buchanan,Richard A. Musgrave
Publisher : MIT Press
Page : 283 pages
File Size : 44,9 Mb
Release : 1999-10-12
Category : Business & Economics
ISBN : 9780262261616

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Public Finance and Public Choice by James M. Buchanan,Richard A. Musgrave Pdf

In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion.

Author : Henry Carter Adams
Publisher : Unknown
Page : 600 pages
File Size : 46,9 Mb
Release : 1898
Category : Finance
ISBN : HARVARD:HNAWI8

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The Science of Finance by Henry Carter Adams Pdf

Author : Inge Kaul,Pedro Conceicao
Publisher : Oxford University Press
Page : 696 pages
File Size : 48,9 Mb
Release : 2006-02-23
Category : Business & Economics
ISBN : 0195179978

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The New Public Finance by Inge Kaul,Pedro Conceicao Pdf

Globalisation has meant the closer integration of countries and a greater need for collective action. This book, which contains 24 essays from contributors from around the world, provides one of the first systematic treatments of public finance in this new era. It deals with such topics as: increasing aid efficiency; public-private cooperation and competition; and taking the outside world into consideration.

Author : Bernard Salanie
Publisher : MIT Press
Page : 249 pages
File Size : 49,8 Mb
Release : 2011-11-10
Category : Business & Economics
ISBN : 9780262297813

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The Economics of Taxation, second edition by Bernard Salanie Pdf

A concise and rigorous text that combines theory, empirical work, and policy discussion to present core issues in the economics of taxation. This concise introduction to the economic theories of taxation is intuitive yet rigorous, relating the theories both to existing tax systems and to key empirical studies. The Economics of Taxation offers a thorough discussion of the consequences of taxes on economic decisions and equilibrium outcomes, as well as useful insights into how policy makers should design taxes. It covers such issues of central policy importance as taxation of income from capital, environmental taxation, and tax credits for low-income families. This second edition has been significantly revised and updated. Changes include a substantially rewritten chapter on direct taxation; a discussion of recent research in the chapter on mixed taxation; the replacement of the chapter on capital taxation with a chapter on the “new dynamic public finance”; and considerations of environmental taxation in both theory and policy chapters. The book is aimed at graduate students or advanced undergraduates taking public finance classes as well as economists who want to learn more about the topic. It combines discussion of theory, empirical work, and policy objectives in compact form. Appendixes provide necessary background material on consumer and producer theory and the theory of optimal control.

Author : Vito Tanzi
Publisher : Edward Elgar Publishing
Page : 200 pages
File Size : 43,6 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 9781789907001

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Advanced Introduction to Public Finance by Vito Tanzi Pdf

The Advanced Introduction to Public Finance offers a fresh look at the field of public finance and explains how changes in both the market and the government have made public finance a more challenging, interesting and at times frustrating branch of economics. It provides a cosmopolitan perspective and details the part that historical developments have played in shaping modern views. The author explores the real life, practical nature of public finance and deemphasizes the role of arm-chair theorizing by focusing on real issues that are seen from a community rather than an individualistic perspective.

Author : Alan J. Auerbach,Raj Chetty,Martin Feldstein,Emmanuel Saez
Publisher : Newnes
Page : 497 pages
File Size : 46,7 Mb
Release : 2013-06-24
Category : Business & Economics
ISBN : 9780444537607

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Handbook of Public Economics by Alan J. Auerbach,Raj Chetty,Martin Feldstein,Emmanuel Saez Pdf

In the Handbook of Public Economics, vol. 5, top scholars provide context and order to new research about mechanisms that underlie both public finance theories and applications. These fundamental subjects follow the recent, steady movement away from rational decision-making and toward more personalized approaches to tax generation and expenditure, especially in terms of the use of psychological methods and financial incentives. Closely scrutinized subjects include new research in empirical (instead of theoretical) public finance, the methods for measuring taxes (both in revenue generation and expenditure), and the roles that taxes play in specific settings, such as emerging economies, urban settings, charitable giving, and among political entities (cities, counties, states, countries). Contributors look at both the "tax" and "expenditure" sides of public finance, emphasizing recent influences that psychology and philosophy have exerted in economics with articles on behavioral finance, charitable giving, and dynamic taxation. To a field enjoying rapid growth, their articles bring context and order, illuminating the mechanisms that underlie both public finance theories and applications. Editor Raj Chetty is the recipient of the 2013 John Bates Clark Medal from the American Economic Association Focuses on new approaches to both revenue generation and expenditures in public finance Presents coherent summaries of subjects in public economics that stretch from methodologies to applications Makes details about public economics accessible to scholars in fields outside economics

Author : Marc Buggeln,Martin Daunton,Alexander Nützenadel
Publisher : Cambridge University Press
Page : 337 pages
File Size : 40,6 Mb
Release : 2017-02-23
Category : Business & Economics
ISBN : 9781107140127

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The Political Economy of Public Finance by Marc Buggeln,Martin Daunton,Alexander Nützenadel Pdf

A study of major trends in public finance and fiscal justice in developed capitalist countries since the 1970s.

Author : Holley Ulbrich
Publisher : Routledge
Page : 379 pages
File Size : 51,6 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136726194

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Public Finance in Theory and Practice Second edition by Holley Ulbrich Pdf

The events of the last decade have challenged the contemporary neo-classical synthesis in all branches of economics, but particularly public finance. The most notable feature of the 2nd edition of Public Finance in Theory and Practice is the infusion of behavioral economics throughout the text, with an end of chapter question inviting the student to apply a behavioral lens to some question or issue. There continues to be an emphasis on the importance of the institutional context, drawing on examples from many countries and emphasizing the role of lower level governments in a federal system. The first five chapters establish this context by reviewing the role of government in a market system, the description of government structure from an economic perspective, the basic data about revenue and expenditures, the elements of public choice, and the distributional role of government. The book has been substantially reorganized to put more emphasis on public expenditure. Expanded treatment of public goods includes common property resources and congestible or club goods. Expanded discussion of budgeting and cost-benefit analysis provides some practical application of the theory. Updated discussions of social security, public education and health care address these three major contemporary public finance issues. The traditional emphasis on revenue (taxes, fees and grants) has been retained but follows rather than precedes the discussion of expenditures.

Author : Richard W. Tresch
Publisher : Academic Press
Page : 976 pages
File Size : 53,5 Mb
Release : 2002-05-08
Category : Business & Economics
ISBN : 9780126990515

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Public Finance by Richard W. Tresch Pdf

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information * Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism * Features a cohesive and versatile general equilibrium framework

Author : Harvey Rosen,Ted Gayer
Publisher : McGraw-Hill/Irwin
Page : 632 pages
File Size : 53,8 Mb
Release : 2008
Category : Business & Economics
ISBN : STANFORD:36105123880697

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Public Finance by Harvey Rosen,Ted Gayer Pdf

Public Finance 8/e benefits from the combined efforts of Harvey Rosen’s market-leading book and new co-author Ted Gayer’s research and government agency experience. Ted recently served as a Senior Economist on the President’s Council of Economic Advisors and is currently a member of the EPA’s Science Advisory Board. Additionally, Rosen served on the President’s Council of Economics Advisers, 2003-2005, as a member and chairman. As a result, the 8th edition maintains the strengths of previous editions but is enhanced with new material and current examples from public finance literature and the policy world. It includes substantive changes that reflect the progress that has been made in the field of public finance. These changes may be divided into three categories: new organization, new material, and new pedagogical features. As with previous editions, the book continues to draw upon the latest research while never losing sight of the reality it is supposed to describe, always drawing the links between economic analysis and current political issues.

Author : Bernard Salanie
Publisher : MIT Press
Page : 249 pages
File Size : 47,9 Mb
Release : 2011-11-10
Category : Business & Economics
ISBN : 9780262016346

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The Economics of Taxation, second edition by Bernard Salanie Pdf

A concise and rigorous text that combines theory, empirical work, and policy discussion to present core issues in the economics of taxation. This concise introduction to the economic theories of taxation is intuitive yet rigorous, relating the theories both to existing tax systems and to key empirical studies. The Economics of Taxation offers a thorough discussion of the consequences of taxes on economic decisions and equilibrium outcomes, as well as useful insights into how policy makers should design taxes. It covers such issues of central policy importance as taxation of income from capital, environmental taxation, and tax credits for low-income families. This second edition has been significantly revised and updated. Changes include a substantially rewritten chapter on direct taxation; a discussion of recent research in the chapter on mixed taxation; the replacement of the chapter on capital taxation with a chapter on the “new dynamic public finance”; and considerations of environmental taxation in both theory and policy chapters. The book is aimed at graduate students or advanced undergraduates taking public finance classes as well as economists who want to learn more about the topic. It combines discussion of theory, empirical work, and policy objectives in compact form. Appendixes provide necessary background material on consumer and producer theory and the theory of optimal control.