New York State`s Economic and Fiscal Challenges
... billion AMD facility, taxpayers should get an ownership share. • NYS needs to work with new Fed. administration to re-orient econ. dev. to prioritize investing in workers and in revitalizing manufacturing (still the core of the upstate economy). • NYS can’t have an economy that is globally competiti ...
... billion AMD facility, taxpayers should get an ownership share. • NYS needs to work with new Fed. administration to re-orient econ. dev. to prioritize investing in workers and in revitalizing manufacturing (still the core of the upstate economy). • NYS can’t have an economy that is globally competiti ...
To Bind Or Not To Bind Caribbean Sarosh R. Khan
... 2011. They defined a fiscal consolidation episode as one where the cyclically adjusted primary surplus (CAPS)-to-potential-GDP ratio improves by 1 percentage point in 1 or 2 years.3 ...
... 2011. They defined a fiscal consolidation episode as one where the cyclically adjusted primary surplus (CAPS)-to-potential-GDP ratio improves by 1 percentage point in 1 or 2 years.3 ...
EU202 lecture slides 7
... Each country will want to adopt an expansionary fiscal policy but ignoring the other country’s actions may mean the combined action may be too strong If each government relies on the other to do the work – too little may be done If the cycles are asynchronized – expansionary fiscal policy in one cou ...
... Each country will want to adopt an expansionary fiscal policy but ignoring the other country’s actions may mean the combined action may be too strong If each government relies on the other to do the work – too little may be done If the cycles are asynchronized – expansionary fiscal policy in one cou ...
Economic Watch - BBVA Research
... spending, , taxes, transfers, etc.) and the specific characteristics of each economy that may vary over time: the exchange rate regime, the response of monetary policy, the health of public finances, the level of households and firms access to the financial markets, the availability of bank lending, ...
... spending, , taxes, transfers, etc.) and the specific characteristics of each economy that may vary over time: the exchange rate regime, the response of monetary policy, the health of public finances, the level of households and firms access to the financial markets, the availability of bank lending, ...
automatic fiscal stabilizers vs. discretionary fiscal policy
... policy in crisis times (Christiano, Eichenbaum and Rebelo, 2011; Davig and Leeper, 2011; Coenen et al., 2012). Both sides of this debate seems to support the view that automatic fiscal stabilizers do not require deliberate intervention by government and hence they are not subject to implementation l ...
... policy in crisis times (Christiano, Eichenbaum and Rebelo, 2011; Davig and Leeper, 2011; Coenen et al., 2012). Both sides of this debate seems to support the view that automatic fiscal stabilizers do not require deliberate intervention by government and hence they are not subject to implementation l ...
America`s Fiscal Insolvency and Its Generational
... effectively told, “Don’t worry. We are calling these resources taxes, but when you are old, you will receive massive transfer payments that more than make up for what you are paying now.” The impact of this policy was predictable. Older generations consumed more, younger generations had no or little ...
... effectively told, “Don’t worry. We are calling these resources taxes, but when you are old, you will receive massive transfer payments that more than make up for what you are paying now.” The impact of this policy was predictable. Older generations consumed more, younger generations had no or little ...
public accounts and estimates committee 2011
... What is the Department of Treasury and Finance’s view on publishing in future, as part of the budget papers, the cost of developing, preparing and publishing this key accountability document for the State? ...
... What is the Department of Treasury and Finance’s view on publishing in future, as part of the budget papers, the cost of developing, preparing and publishing this key accountability document for the State? ...
Fiscal Policy
... The total accumulation of the Federal Government’s total deficits and surpluses over time General govt sector net debt as share of GDP went below zero in 2004-05. Myths about public debt: Government is going bankrupt Government can refinance existing debt – saw before that debt really an instrume ...
... The total accumulation of the Federal Government’s total deficits and surpluses over time General govt sector net debt as share of GDP went below zero in 2004-05. Myths about public debt: Government is going bankrupt Government can refinance existing debt – saw before that debt really an instrume ...
Perverse Fiscal Consolidation by D. Mario Nuti Sapienza University
... on the contrary, that kind of fiscal consolidation would always work, i.e. would reduce both the absolute level of Public Debt and its ratio to GDP. For the multiplier estimated by Auerbach-Gorodnichenko (2012b), near zero in normal times to about 2.5 during recessions, fiscal consolidation would wo ...
... on the contrary, that kind of fiscal consolidation would always work, i.e. would reduce both the absolute level of Public Debt and its ratio to GDP. For the multiplier estimated by Auerbach-Gorodnichenko (2012b), near zero in normal times to about 2.5 during recessions, fiscal consolidation would wo ...
Fiscal Legitimacy and Social Contract
... How did a government response during the crisis period? Does political regime influence the public finance framework ? Bangladesh can be an interesting case study. ...
... How did a government response during the crisis period? Does political regime influence the public finance framework ? Bangladesh can be an interesting case study. ...
Forecasting the 2008 Presidential Election
... ~whether or not these calls were made correctly!, while the short models do so more than 95% of the time. With so much agreement among the models, one might be tempted to conclude that one is just as good as the other for the purpose of forecasting this year’s election. But a closer inspection of th ...
... ~whether or not these calls were made correctly!, while the short models do so more than 95% of the time. With so much agreement among the models, one might be tempted to conclude that one is just as good as the other for the purpose of forecasting this year’s election. But a closer inspection of th ...
Assessing long-term fiscal dynamics: Evidence from Greece and Belgium:
... 1991; Ahmed and Rogers, 1995; Quintos, 1995), and for country groupings (Afonso and Rault, 2007). However, it has been argued that the rejection of sustainability based on standard cointegration tests is invalid because the present-value borrowing constraint could be satisfied even if government exp ...
... 1991; Ahmed and Rogers, 1995; Quintos, 1995), and for country groupings (Afonso and Rault, 2007). However, it has been argued that the rejection of sustainability based on standard cointegration tests is invalid because the present-value borrowing constraint could be satisfied even if government exp ...
EU FISCAL POLICY AND THE STABILITY AND GROWTH PACT: B
... shocks; it also destroys our ability to get precisely those longer term benefits (i.e. more investment and higher output potential) which these deficit reductions were designed to achieve” (Ibid). ...
... shocks; it also destroys our ability to get precisely those longer term benefits (i.e. more investment and higher output potential) which these deficit reductions were designed to achieve” (Ibid). ...
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... is seen – under different assumptions about rationality and expectations – to be at work and offsets the contractionary effects of reduced budget deficits. ...
... is seen – under different assumptions about rationality and expectations – to be at work and offsets the contractionary effects of reduced budget deficits. ...
2004-1
... Over the next 40 years, the fertility rate is projected to continue to fall to 1.6 children per woman (i.e. below the population replacement rate), albeit less dramatically from its present levels. Longevity is projected to rise, and by 2050, Australia is projected to have the longest life expectanc ...
... Over the next 40 years, the fertility rate is projected to continue to fall to 1.6 children per woman (i.e. below the population replacement rate), albeit less dramatically from its present levels. Longevity is projected to rise, and by 2050, Australia is projected to have the longest life expectanc ...
Reflections on the euro area fiscal stance
... for the gradual transfer of monetary policy to the Community level to be accompanied by sufficient progress in the integration of economic and fiscal policy. Isolated steps in the monetary field would overburden monetary policy in political terms and jeopardize the credibility of the process of unif ...
... for the gradual transfer of monetary policy to the Community level to be accompanied by sufficient progress in the integration of economic and fiscal policy. Isolated steps in the monetary field would overburden monetary policy in political terms and jeopardize the credibility of the process of unif ...
DownloadPDF - 556 KB - European Commission
... GDP in Germany and the Netherlands would increase by more than 2 per cent. Long-term GDP effects exceed the short-term impact because government investment raises the productivity of private capital and labour over a sustained period of time (positive supply effect). In this scenario, the real GDP i ...
... GDP in Germany and the Netherlands would increase by more than 2 per cent. Long-term GDP effects exceed the short-term impact because government investment raises the productivity of private capital and labour over a sustained period of time (positive supply effect). In this scenario, the real GDP i ...
1 EN annexe autre acte part1 v
... GDP in Germany and the Netherlands would increase by more than 2 per cent. Long-term GDP effects exceed the short-term impact because government investment raises the productivity of private capital and labour over a sustained period of time (positive supply effect). In this scenario, the real GDP i ...
... GDP in Germany and the Netherlands would increase by more than 2 per cent. Long-term GDP effects exceed the short-term impact because government investment raises the productivity of private capital and labour over a sustained period of time (positive supply effect). In this scenario, the real GDP i ...
12 Joaquin Vial_Engl
... Beware of the evolution of short-term benefits during the transition, Beware of lack of adequate coverage of the First Pillar, Beware of excessive concentration of PF portfolios Moving from DB to DC introduces great flexibility and allows better handling of fiscal problems of ageing societies. ...
... Beware of the evolution of short-term benefits during the transition, Beware of lack of adequate coverage of the First Pillar, Beware of excessive concentration of PF portfolios Moving from DB to DC introduces great flexibility and allows better handling of fiscal problems of ageing societies. ...
The State's Budget Problem .~
... Similarly, there are expenditure options that could be considered. For instance, the Governor's November proposal to address the current-year shortfall (see. Figure 3) includes two major expenditure reduction options: (1) suspension of Proposition 98 and (2) a reduction in the state's renters' tax c ...
... Similarly, there are expenditure options that could be considered. For instance, the Governor's November proposal to address the current-year shortfall (see. Figure 3) includes two major expenditure reduction options: (1) suspension of Proposition 98 and (2) a reduction in the state's renters' tax c ...
INST 275 – Administrative Processes in Government
... It specifies the ways and means of providing public programs and services. It establishes the costs of programs and the criteria by which these programs are evaluated for efficiency and effectiveness. It ensures that programs will be reviewed or evaluated at least once during the budget year or budg ...
... It specifies the ways and means of providing public programs and services. It establishes the costs of programs and the criteria by which these programs are evaluated for efficiency and effectiveness. It ensures that programs will be reviewed or evaluated at least once during the budget year or budg ...
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... In theory, fiscal rules are designed to prevent deficit bias. The OBR, as with most fiscal councils, operate alongside fiscal rules established by government. Does this imply that, as long as the fiscal council ensures that the fiscal rule is met, deficit bias will be avoided? It should be the case ...
... In theory, fiscal rules are designed to prevent deficit bias. The OBR, as with most fiscal councils, operate alongside fiscal rules established by government. Does this imply that, as long as the fiscal council ensures that the fiscal rule is met, deficit bias will be avoided? It should be the case ...
Tentative Lessons from Recent Capital Account Crises
... If fiscal policy contributes to crises, can fiscal indicators be used to help predict crises? In the IMF’s currency crisis models (“EWS models”), they make only a marginal contribution to predicting crises. They also do not add significantly to models explaining the severity of crises. Fiscal indica ...
... If fiscal policy contributes to crises, can fiscal indicators be used to help predict crises? In the IMF’s currency crisis models (“EWS models”), they make only a marginal contribution to predicting crises. They also do not add significantly to models explaining the severity of crises. Fiscal indica ...
2016 -mancosa -hnrs
... For more information of Municipalities please refer to your reader on page 111 to 114 ...
... For more information of Municipalities please refer to your reader on page 111 to 114 ...