Fiscal Stimulus and Distortionary Taxation Harald Uhlig Thorsten Drautzburg January 8, 2010
... Taylor rule reaction to inflation Taylor rule interest rate smoothing Taylor rule long run reaction to output gap Taylor rule short run reaction to output gap ...
... Taylor rule reaction to inflation Taylor rule interest rate smoothing Taylor rule long run reaction to output gap Taylor rule short run reaction to output gap ...
The Politics of Austerity
... forces, which bore some resemblance to the use of the gold standard in earlier times. The development of ‘public choice’ theories which dismissed government concerns with public welfare as self-interested behaviour productive of inflation. A related theme, not necessarily expressed in public choice ...
... forces, which bore some resemblance to the use of the gold standard in earlier times. The development of ‘public choice’ theories which dismissed government concerns with public welfare as self-interested behaviour productive of inflation. A related theme, not necessarily expressed in public choice ...
Slide 1
... producing at point H, with consumption just equal to the amount needed for survival (S), and capital production just enough to maintain productivity with a rising population (N). In panel (b), the country reduces the population growth rate, so that the capital production needed to keep up with a ris ...
... producing at point H, with consumption just equal to the amount needed for survival (S), and capital production just enough to maintain productivity with a rising population (N). In panel (b), the country reduces the population growth rate, so that the capital production needed to keep up with a ris ...
Changes in Short-Run Aggregate Supply and
... The equilibrium price and quantity in the economy will change when either the short-run aggregate supply (SRAS) or the aggregate demand (AD) curve shifts. The AD curve shifts when any of the components of AD change—consumption (C), investment (I), government spending (G), exports (X), or imports (M) ...
... The equilibrium price and quantity in the economy will change when either the short-run aggregate supply (SRAS) or the aggregate demand (AD) curve shifts. The AD curve shifts when any of the components of AD change—consumption (C), investment (I), government spending (G), exports (X), or imports (M) ...
Navigating Risk and Uncertainty in Afghanistan
... • Under the baseline, growth would average just 3.8% over the period and provide little employment growth. • With population growth of around 3% per year, there would be negligible improvements in incomes and living standards. • The baseline scenario represents high risk given potential negative sec ...
... • Under the baseline, growth would average just 3.8% over the period and provide little employment growth. • With population growth of around 3% per year, there would be negligible improvements in incomes and living standards. • The baseline scenario represents high risk given potential negative sec ...
Content checklist and mapping
... explain how development is measured, including GDP per capita, life expectancy, access to health care, technology and education evaluate the costs and benefits of globalisation to producers, workers and consumers in developed countries, including the impact on economic, social and environmental sust ...
... explain how development is measured, including GDP per capita, life expectancy, access to health care, technology and education evaluate the costs and benefits of globalisation to producers, workers and consumers in developed countries, including the impact on economic, social and environmental sust ...
Signals from the Government: Policy Uncertainty
... policy uncertainty; (3) “disagreement” measures, computed as the cross-sectional variance of experts’ point forecasts, as proxies for individual uncertainty. With regard to fiscal policy uncertainty, the realised volatility of historical fiscal time series is not completely adequate for our purposes ...
... policy uncertainty; (3) “disagreement” measures, computed as the cross-sectional variance of experts’ point forecasts, as proxies for individual uncertainty. With regard to fiscal policy uncertainty, the realised volatility of historical fiscal time series is not completely adequate for our purposes ...
as % of GDP
... another. Exports creates income in the country, but not part of the consumption and investment spending of residents • Imports are goods consumed within one country but produced in another country. Imports are expenditures of residents for goods ui8/and services produced abroad and thus do not creat ...
... another. Exports creates income in the country, but not part of the consumption and investment spending of residents • Imports are goods consumed within one country but produced in another country. Imports are expenditures of residents for goods ui8/and services produced abroad and thus do not creat ...
NBER WORKING PAPER SERIES AN EVALUATION OF THEORY AND EVIDENCE B. Douglas Bernheim
... widespread concern and fevered debate. Economists' analyses of the deficit problem have focused primarily upon two intellectual ...
... widespread concern and fevered debate. Economists' analyses of the deficit problem have focused primarily upon two intellectual ...
Loanable Funds
... Effects of Investment Incentives If a change in tax laws encourages greater ...
... Effects of Investment Incentives If a change in tax laws encourages greater ...
File
... 1. National income accounting allows us to assess the performance of the economy and make policies to improve that performance. T F 2. Gross domestic product measures at their market values the total output of all goods and services produced in the economy during a year. T F 3. GDP is a count of the ...
... 1. National income accounting allows us to assess the performance of the economy and make policies to improve that performance. T F 2. Gross domestic product measures at their market values the total output of all goods and services produced in the economy during a year. T F 3. GDP is a count of the ...
Between Change and Continuity: The International Monetary Fund and Economic Crises
... fiscal consolidation to provide growth during the Great Recession, the Fund’s research staff, external consultants and the very chief economist of this institution have piled up evidence that fiscal consolidation may produce suboptimal outcomes while fiscal activism was good for both short and long- ...
... fiscal consolidation to provide growth during the Great Recession, the Fund’s research staff, external consultants and the very chief economist of this institution have piled up evidence that fiscal consolidation may produce suboptimal outcomes while fiscal activism was good for both short and long- ...
Wagner`s Law versus Keynesian Hypothesis in Malaysia
... causality testing approach does help to identify the short-run inter-action between government expenditure and economic growth. On the other hand, as policy variable - government expenditure there are reallocation resources (budgeted spending) among the components of government expenditure; increasi ...
... causality testing approach does help to identify the short-run inter-action between government expenditure and economic growth. On the other hand, as policy variable - government expenditure there are reallocation resources (budgeted spending) among the components of government expenditure; increasi ...
Working with our basic Aggregate Demand / Supply Model
... aggregate supply will cause real output to a. increase and the general level of prices to fall. b. decrease and the general level of prices to rise. c. increase and the general level of prices to rise. d. decrease and the general level of prices to fall. ...
... aggregate supply will cause real output to a. increase and the general level of prices to fall. b. decrease and the general level of prices to rise. c. increase and the general level of prices to rise. d. decrease and the general level of prices to fall. ...
E-Growth Exercise #4 Answers
... How did the change in the age of first marriage affect this? The age of first marriage increased from 21 to 23. When people get married at a later date they have more time to increase their human capital through education. More human capital means more output. When people marry later women tend to s ...
... How did the change in the age of first marriage affect this? The age of first marriage increased from 21 to 23. When people get married at a later date they have more time to increase their human capital through education. More human capital means more output. When people marry later women tend to s ...
Document
... burden to future generations because, although they must service the debt, those same generations receive the debt service payments It’s true that if U.S. citizens forgo present consumption to buy bonds, they or their heirs will receive the interest payments debt service payments stay in the count ...
... burden to future generations because, although they must service the debt, those same generations receive the debt service payments It’s true that if U.S. citizens forgo present consumption to buy bonds, they or their heirs will receive the interest payments debt service payments stay in the count ...
ANCOR Issue Brief Spending Caps june 2011
... diminishing and/or freezing enrollment, establishing waiting lists for eligible people, limiting access or cut long-term services, limiting provider rates to a point that compromises quality, access, or increasing beneficiary cost sharing. Capped Funding Hurts Medicare Beneficiaries. Dual eligibles ...
... diminishing and/or freezing enrollment, establishing waiting lists for eligible people, limiting access or cut long-term services, limiting provider rates to a point that compromises quality, access, or increasing beneficiary cost sharing. Capped Funding Hurts Medicare Beneficiaries. Dual eligibles ...
Fiscal space on the Eurozone periphery: The case of Spain
... unemployment rate would require a more expansive fiscal policy to sustain higher economic growth rates, particularly in a context such as the one envisaged for the end of 2016, in which a slowdown in international economic growth is expected. We address said dilemma, presenting two alternative scena ...
... unemployment rate would require a more expansive fiscal policy to sustain higher economic growth rates, particularly in a context such as the one envisaged for the end of 2016, in which a slowdown in international economic growth is expected. We address said dilemma, presenting two alternative scena ...
teacherpress.ocps.net
... Measuring Real GDP • To determine the change in the real GDP, economists must adjust the nominal value of the nation’s output in a year based on any changes in the average price level of goods and services during that year. ▫ In the case of price level increasing (inflation): nominal GDP exaggerate ...
... Measuring Real GDP • To determine the change in the real GDP, economists must adjust the nominal value of the nation’s output in a year based on any changes in the average price level of goods and services during that year. ▫ In the case of price level increasing (inflation): nominal GDP exaggerate ...
NBER WORKING PAPER SERIES MONETARY-FISCAL POLICY INTERACTIONS BEYOND
... Microeconomic public finance economists should care about the fiscal theory because it identifies a new channel by which fiscal policies can affect economic activity. This channel is typically absent from both micro and macro models of taxation. Whether the channel shows up entirely in inflation or i ...
... Microeconomic public finance economists should care about the fiscal theory because it identifies a new channel by which fiscal policies can affect economic activity. This channel is typically absent from both micro and macro models of taxation. Whether the channel shows up entirely in inflation or i ...
Macroeconomics - College of Business Administration @ Kuwait
... Nominal GDP, Real GDP and the GDP deflator Real and Nominal Magnitudes Nominal amounts are not very useful in economic analysis. They may rise ...
... Nominal GDP, Real GDP and the GDP deflator Real and Nominal Magnitudes Nominal amounts are not very useful in economic analysis. They may rise ...
Economic Tools and Economic Thinking
... Mr. Blair has done but went as far as creating Web sites and voice mails to support his fabrications Also, R. Foster Winans (Wall Street Journal) who in 1985 was convicted for writing false articles for the purpose of making money in the stock market ...
... Mr. Blair has done but went as far as creating Web sites and voice mails to support his fabrications Also, R. Foster Winans (Wall Street Journal) who in 1985 was convicted for writing false articles for the purpose of making money in the stock market ...
6. P F ublic inance
... Fiscal policy is an instrument that can affect the economy both from the demand side as well as from the supply side. Fiscal policy is significant in the short term for improving macroeconomic stability from the demand side through taxes and expenditure policies, while in the long term, fiscal polic ...
... Fiscal policy is an instrument that can affect the economy both from the demand side as well as from the supply side. Fiscal policy is significant in the short term for improving macroeconomic stability from the demand side through taxes and expenditure policies, while in the long term, fiscal polic ...
Public finances in Portugal: a brief long- run view
... finances in Portugal, with a particular emphasis on the expenditure side. As regularly mentioned by international organisations, in the last twenty years or so public spending control has been a problem in Portugal, with significant increases in primary spending. For instance, the gains obtained fro ...
... finances in Portugal, with a particular emphasis on the expenditure side. As regularly mentioned by international organisations, in the last twenty years or so public spending control has been a problem in Portugal, with significant increases in primary spending. For instance, the gains obtained fro ...