Analysis of the long term effects of a company tax cut
... the foreseeable future which implies any improvement in Australia’s living standards must be driven by a higher level of labour productivity. Historical data reveal Australia’s labour productivity growth has largely been driven by capital deepening. While a company tax will encourage domestic and fo ...
... the foreseeable future which implies any improvement in Australia’s living standards must be driven by a higher level of labour productivity. Historical data reveal Australia’s labour productivity growth has largely been driven by capital deepening. While a company tax will encourage domestic and fo ...
ch05
... Shortcomings of the GDP Measure 4b.2 Leisure activity is similarly valuable, but no attempt is made to account for it in GDP. 4b.3 The underground economy is estimated to be about 10 percent of GDP in the United States and even larger in other countries. Because it is believed to be fairly constant ...
... Shortcomings of the GDP Measure 4b.2 Leisure activity is similarly valuable, but no attempt is made to account for it in GDP. 4b.3 The underground economy is estimated to be about 10 percent of GDP in the United States and even larger in other countries. Because it is believed to be fairly constant ...
NBER WORKING PAPER SERIES TEMPORARY SHOCKS AND UNAVOIDABLE TRANSITIONS
... that if the tax cut is credible, then this transition out of the high-unemployment steady state would be the unique time path. Similarly, fiscal policy plays a key role in determining whether the economy can converge back to the low-unemployment steady state after a negative shock. In standard model ...
... that if the tax cut is credible, then this transition out of the high-unemployment steady state would be the unique time path. Similarly, fiscal policy plays a key role in determining whether the economy can converge back to the low-unemployment steady state after a negative shock. In standard model ...
COM COM(2007)
... cases tax windfalls, which may be of a temporary nature, were partly used to finance increases in government expenditure. This shift suggests a risk that past policy mistakes are being repeated. The current configuration of rapid economic growth and positive surprises in tax revenues closely resembl ...
... cases tax windfalls, which may be of a temporary nature, were partly used to finance increases in government expenditure. This shift suggests a risk that past policy mistakes are being repeated. The current configuration of rapid economic growth and positive surprises in tax revenues closely resembl ...
Awareness of demand-side polices in the Great Depression and the
... that policies which achieve high economic growth at the cost of a widening income distribution would not be favourable by policy makers if they focus on national happiness rather than just using ‘the blunt measurement of increasing GDP to assess the success of the country’. This might mean that poli ...
... that policies which achieve high economic growth at the cost of a widening income distribution would not be favourable by policy makers if they focus on national happiness rather than just using ‘the blunt measurement of increasing GDP to assess the success of the country’. This might mean that poli ...
This deadly innocent fraud is often the first answer most people give
... be the main problem associated with government deficit spending. Borrowing now means paying for today’s spending later. Or, as commonly seen and heard in the media: “Higher deficits today mean higher taxes tomorrow.” And paying later means that somehow our children’s real standard of living and gene ...
... be the main problem associated with government deficit spending. Borrowing now means paying for today’s spending later. Or, as commonly seen and heard in the media: “Higher deficits today mean higher taxes tomorrow.” And paying later means that somehow our children’s real standard of living and gene ...
The Unemployment Bias of the New Consensus View of
... in order to open a gap between the actual and potential level of output, and hence between the current and NAIRU levels of unemployment, with the purpose of bringing inflation down. In other words, no matter whether inflation is high or low, as long as it is above its desired level, the monetary au ...
... in order to open a gap between the actual and potential level of output, and hence between the current and NAIRU levels of unemployment, with the purpose of bringing inflation down. In other words, no matter whether inflation is high or low, as long as it is above its desired level, the monetary au ...
Mankiw 6e PowerPoints
... the new car before it is sold are considered intermediate goods. Tires taken from that pile to replace tires on your old car are considered final goods. If we included the value of the tires (an intermediate good) on new cars and the value of new cars (including the tires), we would be double counti ...
... the new car before it is sold are considered intermediate goods. Tires taken from that pile to replace tires on your old car are considered final goods. If we included the value of the tires (an intermediate good) on new cars and the value of new cars (including the tires), we would be double counti ...
ppt presentation
... Current Account Deficit = Investment - Private Saving + Budget deficit Trade Deficit: when consumption exceeds production Ricardian equivalence: consumers internalize the government’s budget constraint and any tax change does not affect their spending. It does not matter whether the government finan ...
... Current Account Deficit = Investment - Private Saving + Budget deficit Trade Deficit: when consumption exceeds production Ricardian equivalence: consumers internalize the government’s budget constraint and any tax change does not affect their spending. It does not matter whether the government finan ...
Is There a Relationship Between Income Inequality and Credit
... the analysis on the short term effects of inequality on credit. If the relationship between inequality and credit is long-run, i.e. trending, in nature, using first differenced variables may give biased information on the effect of inequality on leverage. The analysis of this possible long-run relat ...
... the analysis on the short term effects of inequality on credit. If the relationship between inequality and credit is long-run, i.e. trending, in nature, using first differenced variables may give biased information on the effect of inequality on leverage. The analysis of this possible long-run relat ...
FISCAL TRENDS AND POLICY ISSUES AND IMPLICATIONS FOR THE CARIBBEAN GENERAL LC/CAR/G.771
... financial services, real estate, transportation, medical and dental services. (IMF, 2001; Williams, ...
... financial services, real estate, transportation, medical and dental services. (IMF, 2001; Williams, ...
FRAGMENTATION AND GOVERNMENT SPENDING: BRINGING
... term “political fragmentation” to denote ideological difference. By contrast, throughout this paper, we use the term political polarization to indicate ideological distance. ...
... term “political fragmentation” to denote ideological difference. By contrast, throughout this paper, we use the term political polarization to indicate ideological distance. ...
Overborrowing and Systemic Externalities in the Business Cycle ∗
... would not impede market efficiency in the absence of the credit constraint linked to market prices. However, by reducing the amount of borrowing ex-ante, a social planner mitigates the decrease in demand for consumption during crises. This mitigates the real exchange rate depreciation and prevents a ...
... would not impede market efficiency in the absence of the credit constraint linked to market prices. However, by reducing the amount of borrowing ex-ante, a social planner mitigates the decrease in demand for consumption during crises. This mitigates the real exchange rate depreciation and prevents a ...
Chapter 15: Monetary Policy - the School of Economics and Finance
... The upward-sloping straight line represents the long-run growth trend in real GDP. The curved red line represents the path real GDP takes because of the business cycle. If the Fed is too late in implementing a change in monetary policy, real GDP will follow the curved blue line. The Fed’s expansiona ...
... The upward-sloping straight line represents the long-run growth trend in real GDP. The curved red line represents the path real GDP takes because of the business cycle. If the Fed is too late in implementing a change in monetary policy, real GDP will follow the curved blue line. The Fed’s expansiona ...
The Sources of Economic Inequality
... to households by governments. After-tax income equals total income minus tax payments by households to governments. ...
... to households by governments. After-tax income equals total income minus tax payments by households to governments. ...
analysis of revenue and expenditure
... increase of $11.0 billion (or 19.3%) from the revised FY2014 estimate of $57.2 billion. The main increases in expenditure over FY2014 are in Transport, Healthcare, Culture, Community and Youth, Defence and Home Affairs (see Chart 2.1). Transport expenditure is expected to increase by $4.8 billion (o ...
... increase of $11.0 billion (or 19.3%) from the revised FY2014 estimate of $57.2 billion. The main increases in expenditure over FY2014 are in Transport, Healthcare, Culture, Community and Youth, Defence and Home Affairs (see Chart 2.1). Transport expenditure is expected to increase by $4.8 billion (o ...
NATIONAL INCOME AND RELATED AGGREGATES: KEY
... Concept of domestic (economic) territory Domestic territory is a geographical territory administered by a government within which persons, goods and capital circulate freely. (Areas of operation generating domestic income, freedom of circulation of persons, goods and capital) Scope identified as *P ...
... Concept of domestic (economic) territory Domestic territory is a geographical territory administered by a government within which persons, goods and capital circulate freely. (Areas of operation generating domestic income, freedom of circulation of persons, goods and capital) Scope identified as *P ...
(Y*).
... the long-run, when the labour market is fully adjusted – When wages and prices are fully flexible, output is ...
... the long-run, when the labour market is fully adjusted – When wages and prices are fully flexible, output is ...
II -Macro Eco - University of Mumbai
... between GDP and GNP is due to the "net revenue from abroad." If the citizens of a country are earning more from abroad than foreigners are earning in that country, GNP exceeds GDP If the foreigners in the country are earning more than its citizens are earning abroad, GNP is less than GDP 1.4.1 Net N ...
... between GDP and GNP is due to the "net revenue from abroad." If the citizens of a country are earning more from abroad than foreigners are earning in that country, GNP exceeds GDP If the foreigners in the country are earning more than its citizens are earning abroad, GNP is less than GDP 1.4.1 Net N ...
The New Cambridge School - Cambridge Political Economy Society
... imply that private and government financial balances must sooner or later adjust so as to reduce too high a current account deficit (Barbosa-Filho et al., 2006). They observe that this pattern appears in some but not all developing regions. The New Cambridge Equation Arising from the `small and stab ...
... imply that private and government financial balances must sooner or later adjust so as to reduce too high a current account deficit (Barbosa-Filho et al., 2006). They observe that this pattern appears in some but not all developing regions. The New Cambridge Equation Arising from the `small and stab ...
AND BUSINESS FLUCTUATIONS Mark Gertler Working Paper No. 2015
... Townsend. A major conclusion here is that when the entrepreneurs who borrow to finance projects are more solvent (have more "collateral"), the deadweight agency costs of investment finance are lower. This model of investment finance is then embedded in a dynamic macroeconomic setting. We show that, ...
... Townsend. A major conclusion here is that when the entrepreneurs who borrow to finance projects are more solvent (have more "collateral"), the deadweight agency costs of investment finance are lower. This model of investment finance is then embedded in a dynamic macroeconomic setting. We show that, ...
