Paying off government debt
... multipliers less than one because of their impact on incentives and the economic misallocations they create. Unfortunately, a portion of the current deficit the US is running is structural in nature. A structural deficit implies structural adjustments in the future; however, it may be difficult to g ...
... multipliers less than one because of their impact on incentives and the economic misallocations they create. Unfortunately, a portion of the current deficit the US is running is structural in nature. A structural deficit implies structural adjustments in the future; however, it may be difficult to g ...
Social Security and Unsecured Debt
... Tobacman (1998).3 We show that tempted households consume their income each period and thus follow the “rule-of-thumb” of Campbell and Mankiw (1989). For the disciplined households, we adapt a model developed by Davis, Kubler, and Willen (2003). In that model, households can invest in stocks and bo ...
... Tobacman (1998).3 We show that tempted households consume their income each period and thus follow the “rule-of-thumb” of Campbell and Mankiw (1989). For the disciplined households, we adapt a model developed by Davis, Kubler, and Willen (2003). In that model, households can invest in stocks and bo ...
Surfing in Uncertain Times: An Outlook for the Upcoming
... A major part of banking and insurance activities is related RMG, real estate, power plants, whole sale and retail trade, land transport, fisheries sector, housing services, health and other services Losses incurred by banking and insurance services in those sectors: Tk.67 cr. Estimated loss su ...
... A major part of banking and insurance activities is related RMG, real estate, power plants, whole sale and retail trade, land transport, fisheries sector, housing services, health and other services Losses incurred by banking and insurance services in those sectors: Tk.67 cr. Estimated loss su ...
What do the recent regional GDP statistics tell us about Cohesion?
... - The UK (9 regions), Spain (8 regions) and Greece (7 regions) are the Member States with the most changes in terms of regional eligibility - At Member State level, regional disparities are rising. They can be grouped into broad categories: - Member States with positive growth in all regions: PL, AT ...
... - The UK (9 regions), Spain (8 regions) and Greece (7 regions) are the Member States with the most changes in terms of regional eligibility - At Member State level, regional disparities are rising. They can be grouped into broad categories: - Member States with positive growth in all regions: PL, AT ...
economic outlook
... Minnesota’s FY 2014-15 budget outlook has changed little since August’s special legislative session when a $1.079 billion shortfall was projected. Revenues now are forecast to be $35.793 billion, $68 million less than earlier estimates. This small decline in revenues is partially offset by a $43 mil ...
... Minnesota’s FY 2014-15 budget outlook has changed little since August’s special legislative session when a $1.079 billion shortfall was projected. Revenues now are forecast to be $35.793 billion, $68 million less than earlier estimates. This small decline in revenues is partially offset by a $43 mil ...
PDF - Urban Institute
... The Urban-Brookings Tax Policy Center The Tax Policy Center (TPC) aims to clarify and analyze the nation’s tax policy choices by providing timely and accessible facts, analyses, and commentary to policymakers, journalists, citizens and researchers. TPC’s nationally recognized experts in tax, budget ...
... The Urban-Brookings Tax Policy Center The Tax Policy Center (TPC) aims to clarify and analyze the nation’s tax policy choices by providing timely and accessible facts, analyses, and commentary to policymakers, journalists, citizens and researchers. TPC’s nationally recognized experts in tax, budget ...
Help wanted! Balancing fair protection and financial sustainability in long-term care
... Loans under which a resident can defer to the time of his or her death their nursing home contribution set on the basis of the value of their non-financial assets, such as their home. Under the scheme the value of their principal residence is included in the financial assessment for a three-year per ...
... Loans under which a resident can defer to the time of his or her death their nursing home contribution set on the basis of the value of their non-financial assets, such as their home. Under the scheme the value of their principal residence is included in the financial assessment for a three-year per ...
Fiscal Vulnerabilities and Risks from Local Government
... Rationale. Infrastructure investment has become local governments' main strategy to foster growth and a preferred countercyclical tool, especially during the global crisis. However, local infrastructure spending has mainly been financed off-budget, either through land sales or Local Government Finan ...
... Rationale. Infrastructure investment has become local governments' main strategy to foster growth and a preferred countercyclical tool, especially during the global crisis. However, local infrastructure spending has mainly been financed off-budget, either through land sales or Local Government Finan ...
2015 Economic Reform Programmes
... reflected in current account deficits, which in some cases are substantial as a proportion of GDP. Furthermore, the projected domestic-demand led growth is not conducive to narrowing these external shortfalls. However, to the extent that deficits are generated and financed by foreign direct investme ...
... reflected in current account deficits, which in some cases are substantial as a proportion of GDP. Furthermore, the projected domestic-demand led growth is not conducive to narrowing these external shortfalls. However, to the extent that deficits are generated and financed by foreign direct investme ...
Chapter 6 Long-run aspects of fiscal policy and
... Very much depends on whether the real interest rate in the long-run is higher than the growth rate of GDP or not. To see this, suppose the country considered has positive government debt at time 0 and that the government levies taxes equal to its non-interest spending: T~t = Gt + Xt ...
... Very much depends on whether the real interest rate in the long-run is higher than the growth rate of GDP or not. To see this, suppose the country considered has positive government debt at time 0 and that the government levies taxes equal to its non-interest spending: T~t = Gt + Xt ...
Summary - A review of the surplus target
... the EU. Despite this, general government debt as a percentage of GDP has increased noticeably in many countries since the end of the 1990s. The regulatory framework for the Stability and Growth Pact has been gradually reformed and added to. Particularly after the euro crisis, extensive changes were ...
... the EU. Despite this, general government debt as a percentage of GDP has increased noticeably in many countries since the end of the 1990s. The regulatory framework for the Stability and Growth Pact has been gradually reformed and added to. Particularly after the euro crisis, extensive changes were ...
actual level of activity
... After-the-fact -- Created for the actual level of activity ∙ Used to compute what costs should have been for the actual level of activity ∙ Expected costs are then compared with the actual costs in order to assess performance ...
... After-the-fact -- Created for the actual level of activity ∙ Used to compute what costs should have been for the actual level of activity ∙ Expected costs are then compared with the actual costs in order to assess performance ...
FSB, Summary of Findings from the TLAC Impact Assessment Studies
... a crisis on credit costs of the private sector (accounting for 1.6ppt). The introduction of TLAC will also influence the occurrence of crises because of the disciplinary impact by holders of bail-in-able debt on G-SIBs’ risk-taking. This is estimated by the academic literature to reduce the likeliho ...
... a crisis on credit costs of the private sector (accounting for 1.6ppt). The introduction of TLAC will also influence the occurrence of crises because of the disciplinary impact by holders of bail-in-able debt on G-SIBs’ risk-taking. This is estimated by the academic literature to reduce the likeliho ...
http://ec.europa.eu/europe2020/pdf/csr2014/swd2014_slovakia_en.pdf
... improving in 2015. The ratio of public debt to GDP will continue to rise in 2014 and 2015. Overall, Slovakia has made limited progress on addressing the 2013 country-specific recommendations. According to the projections in the Commission 2014 spring forecast the general government deficit has been ...
... improving in 2015. The ratio of public debt to GDP will continue to rise in 2014 and 2015. Overall, Slovakia has made limited progress on addressing the 2013 country-specific recommendations. According to the projections in the Commission 2014 spring forecast the general government deficit has been ...
Towards understanding what and when households spent ARTICLES
... (funded from taxes), households do not need to directly purchase as many of these services themselves (from earned incomes, or from cash transfers from the government). For some purposes, it is going to be more useful to look at total consumption, and for others, to look just at private consumption. ...
... (funded from taxes), households do not need to directly purchase as many of these services themselves (from earned incomes, or from cash transfers from the government). For some purposes, it is going to be more useful to look at total consumption, and for others, to look just at private consumption. ...
Executive summary
... improving in 2015. The ratio of public debt to GDP will continue to rise in 2014 and 2015. Overall, Slovakia has made limited progress on addressing the 2013 country-specific recommendations. According to the projections in the Commission 2014 spring forecast the general government deficit has been ...
... improving in 2015. The ratio of public debt to GDP will continue to rise in 2014 and 2015. Overall, Slovakia has made limited progress on addressing the 2013 country-specific recommendations. According to the projections in the Commission 2014 spring forecast the general government deficit has been ...
budget proposal 2016 medium-term fiscal plan 2016-2019
... • The outlook allows for some real growth both on the revenue side and the expenditure side until 2019, albeit somewhat slower than GDP growth. • The plan aimes for continued expenditure restraint so that growth in primary expenditure will be moderate in real terms, or 1,3% annually on average which ...
... • The outlook allows for some real growth both on the revenue side and the expenditure side until 2019, albeit somewhat slower than GDP growth. • The plan aimes for continued expenditure restraint so that growth in primary expenditure will be moderate in real terms, or 1,3% annually on average which ...
Chapter 6 Long-run aspects of fiscal policy and
... Very much depends on whether the real interest rate in the long-run is higher than the growth rate of GDP or not. To see this, suppose the country considered has positive government debt at time 0 and that the government levies taxes equal to its non-interest spending: T~t = Gt + Xt ...
... Very much depends on whether the real interest rate in the long-run is higher than the growth rate of GDP or not. To see this, suppose the country considered has positive government debt at time 0 and that the government levies taxes equal to its non-interest spending: T~t = Gt + Xt ...
Prepare static budgets
... exertion of those who are directly involved in the manufacturing operation. The remuneration paid to these people is termed direct labour, for example wages paid to a carpenter who works in a furniture factory, wages paid to a dress designer in a fashion company. The direct labour budget shows the e ...
... exertion of those who are directly involved in the manufacturing operation. The remuneration paid to these people is termed direct labour, for example wages paid to a carpenter who works in a furniture factory, wages paid to a dress designer in a fashion company. The direct labour budget shows the e ...
PPT HERE! - Hackettstown School District
... Where Does My Money Go? • Almost 31% of an individual’s paycheck is deducted – Taxes are the largest expense most individuals will have – Therefore, it is important to understand the systematic deductions ...
... Where Does My Money Go? • Almost 31% of an individual’s paycheck is deducted – Taxes are the largest expense most individuals will have – Therefore, it is important to understand the systematic deductions ...
to the full report for free.
... The debate on high pay is becoming damaging. There is a need to focus on the specific policy problem and clear facts. Commentators must not fall into the trap of thinking that making someone else worse off will automatically make other people better off. There are benefits to high pay. High pay can ...
... The debate on high pay is becoming damaging. There is a need to focus on the specific policy problem and clear facts. Commentators must not fall into the trap of thinking that making someone else worse off will automatically make other people better off. There are benefits to high pay. High pay can ...
Lecture 32-Script REV
... • The Financial Plan section: – Clearly defines what a successful outcome entails. The plan isn't merely a prediction; it implies a commitment to making the targeted results happen and establishes milestones for gauging progress. – Provides you with a vital feedback-and-control tool. Variances from ...
... • The Financial Plan section: – Clearly defines what a successful outcome entails. The plan isn't merely a prediction; it implies a commitment to making the targeted results happen and establishes milestones for gauging progress. – Provides you with a vital feedback-and-control tool. Variances from ...
NBER WORKING PAPER SERIES SOME ESTIMATES FOR OECD COUNTRIES
... debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest rates by about 10 basis points. In a vector autoregression (VAR), the same shock leads to a cumulative ...
... debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest rates by about 10 basis points. In a vector autoregression (VAR), the same shock leads to a cumulative ...
Essays on Dynamic Macroeconomics - Institute for International
... This thesis consists of three independent papers in macroeconomics. Why do Europeans Work so Little? concerns labor supply. Market work per person is roughly 10 percent higher in the U.S. than in Sweden. However, if we include the work carried out in home production, the total amount of work only di ...
... This thesis consists of three independent papers in macroeconomics. Why do Europeans Work so Little? concerns labor supply. Market work per person is roughly 10 percent higher in the U.S. than in Sweden. However, if we include the work carried out in home production, the total amount of work only di ...
Fiscal Risks and Contingent Liabilities
... 1/ Number of episodes includes all episodes, average fiscal cost is calculated using only those episodes for 8 which a fiscal cost number is available. ...
... 1/ Number of episodes includes all episodes, average fiscal cost is calculated using only those episodes for 8 which a fiscal cost number is available. ...
Expenditures in the United States federal budget
The United States federal budget contains a number of expenditures, which include mandatory programs such as the Medicare and Social Security programs, military spending, and discretionary funding for Cabinet Departments (e.g., United States Department of Justice) and agencies (e.g., Securities & Exchange Commission).During FY2014, the federal government spent $3.504 trillion on a budget or cash basis, up $50 billion or 1% vs. FY2013 spending of $3.455 trillion. Major categories of FY 2014 spending included: Social Security ($845B or 24% of spending), Healthcare such as Medicare and Medicaid ($831B or 24%), Defense Department ($596B or 17%), non-defense discretionary spending used to run federal Departments and Agencies ($583B or 17%), other mandatory programs such as food stamps and unemployment compensation ($420B or 12%) and interest ($229B or 6.5%).Expenditures are classified as mandatory, with payments required by specific laws, or discretionary, with payment amounts renewed annually as part of the budget process. Expenditures averaged 20.4% GDP over the past 40 years, generally ranging +/-2% GDP from that level. The 2014 spend was 20.3% GDP, versus 2013 spend of 20.8% GDP and a recent 2009 peak of 24.4% GDP.CBO projects that spending for Social Security, Healthcare programs and interest costs will rise relative to GDP over the 2015-2025 period, while defense and other discretionary spending will decline relative to GDP.Over the past 40 years, mandatory spending for programs such as Medicare and Social Security has grown as a share of the budget and relative to GDP, while other discretionary categories have declined. Medicare, Medicaid and Social Security grew from 4.3% of GDP in 1971 to 10.1% of GDP in 2012.In the long-run, expenditures related to Social Security, Medicare and Medicaid are growing considerably faster than the economy overall as the population matures. The Congressional Budget Office estimates that Social Security spending will rise from 4.8% of GDP in 2009 to 6.2% of GDP by 2035, where it will stabilize. However, CBO expects Medicare and Medicaid to continue growing, rising from 5.3% GDP in 2009 to 10.0% in 2035 and 19.0% by 2082. CBO has indicated healthcare spending per beneficiary is the primary long-term fiscal challenge. Further, multiple government and private sources have indicated the overall expenditure path is unsustainable.