Government Spending Multipliers in Good Times and in Bad
... to do much harm to the private sector. Most of the estimates are based on averages for a particular country over a particular historical period. Because there is no scope for controlled, randomized trials on countries, all estimates of aggregate government multipliers are necessarily dependent on hi ...
... to do much harm to the private sector. Most of the estimates are based on averages for a particular country over a particular historical period. Because there is no scope for controlled, randomized trials on countries, all estimates of aggregate government multipliers are necessarily dependent on hi ...
INTRODUCTION
... were 6,420 exempt dealers – over two-thirds of the number of dealers who are liable for VAT. In Hairdressing and Beauty Parlours the percentage of revenue among exempt dealers was relatively high in comparison with dealers who are liable for VAT. In the other industries, there were fewer exempt deal ...
... were 6,420 exempt dealers – over two-thirds of the number of dealers who are liable for VAT. In Hairdressing and Beauty Parlours the percentage of revenue among exempt dealers was relatively high in comparison with dealers who are liable for VAT. In the other industries, there were fewer exempt deal ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Fiscal Institutions and Fiscal Performance
... results in deficits that are larger than what is socially optimal.’ In other words, large deficits may be a consequence of “fiscal sinning,” reflecting deficiencies in the political decision-making process rather than long-run optimal planning. In some countries, there are legal restrictions on the ...
... results in deficits that are larger than what is socially optimal.’ In other words, large deficits may be a consequence of “fiscal sinning,” reflecting deficiencies in the political decision-making process rather than long-run optimal planning. In some countries, there are legal restrictions on the ...
The Reconnection Agenda
... wants to be dressed up with nowhere to go? Despair not. Step one is making a compelling case for the economic policies that our political class should be implementing if they want to reconnect the growing economy with the lives of the many households for whom growth has become little more than a spe ...
... wants to be dressed up with nowhere to go? Despair not. Step one is making a compelling case for the economic policies that our political class should be implementing if they want to reconnect the growing economy with the lives of the many households for whom growth has become little more than a spe ...
Public Finance
... what the BE envisaged as well as the 2010-11 growth rate (Table 3.4) mainly because of economic slowdown, weak market sentiment, slow investment growth, global uncertainty, and persistent high inflation. This led to a sharp fall in tax buoyancy in 2011-12. The decline has been more in corporate taxe ...
... what the BE envisaged as well as the 2010-11 growth rate (Table 3.4) mainly because of economic slowdown, weak market sentiment, slow investment growth, global uncertainty, and persistent high inflation. This led to a sharp fall in tax buoyancy in 2011-12. The decline has been more in corporate taxe ...
studies and PERSPECTIves the caribbean
... In the face of weak global growth in major export markets the Caribbean economies have underperformed. The situation is much more severe among service producers1 which have suffered the decline in tourist arrivals and offshore banking services. The goods producers have benefited from the commodity b ...
... In the face of weak global growth in major export markets the Caribbean economies have underperformed. The situation is much more severe among service producers1 which have suffered the decline in tourist arrivals and offshore banking services. The goods producers have benefited from the commodity b ...
The Budget and Economic Outlook: Fiscal Years
... economic growth will speed up, CBO projects, causing the unemployment rate to decline and inflation and interest rates to eventually rise from their current low levels. Nevertheless, the unemployment rate is expected to remain above 7½ percent through next year; if that happens, 2014 will be the six ...
... economic growth will speed up, CBO projects, causing the unemployment rate to decline and inflation and interest rates to eventually rise from their current low levels. Nevertheless, the unemployment rate is expected to remain above 7½ percent through next year; if that happens, 2014 will be the six ...
policy disagreement and the transmission of - ECB
... system with dispersed information where the government has potentially superior information on its procedures, forecasts and policy plans, policymakers can coordinate private agents' beliefs and reduce disagreement by releasing additional information about current and future policies. This paper foc ...
... system with dispersed information where the government has potentially superior information on its procedures, forecasts and policy plans, policymakers can coordinate private agents' beliefs and reduce disagreement by releasing additional information about current and future policies. This paper foc ...
Attributing inflation forecast bias to other variables’ forecast bias using FPS
... Of the sources of forecast bias we examine here, the most difficult to model is the forecast bias for the TWI. The TWI forecast bias differs from other variables’ forecast bias because it increases as the forecast horizon increases, whereas for other variables the forecast bias falls (beyond a few q ...
... Of the sources of forecast bias we examine here, the most difficult to model is the forecast bias for the TWI. The TWI forecast bias differs from other variables’ forecast bias because it increases as the forecast horizon increases, whereas for other variables the forecast bias falls (beyond a few q ...
review of the economy 2014
... World Output is expected to increase by 3.4 percent in 2014. This follows a 3.0 percent expansion in 2013. Growth is anticipated from the United States, Canada and the United Kingdom. While Asian and Emerging and Developing Economies continue to register relatively robust economic growth; the rate o ...
... World Output is expected to increase by 3.4 percent in 2014. This follows a 3.0 percent expansion in 2013. Growth is anticipated from the United States, Canada and the United Kingdom. While Asian and Emerging and Developing Economies continue to register relatively robust economic growth; the rate o ...
NBER WORKING PAPER SERIES WHERE ARE WE NOW? Martin D.D. Evans
... have access to accurate contemporaneous information concerning private sector activity. Although information on real economic activity is collected by a number of government agencies, the collection, aggregation and dissemination process takes time. Thus, while U.S. macroeconomic data are released o ...
... have access to accurate contemporaneous information concerning private sector activity. Although information on real economic activity is collected by a number of government agencies, the collection, aggregation and dissemination process takes time. Thus, while U.S. macroeconomic data are released o ...
Iceland as Norm Entrepreneur
... Most modern economies, advanced as well as emerging, are growth-based economies. This means that their economic progress is defined not by the quality or value of the products or services they produce, but rather by what it contributes to a country’s growth, as measured by gross domestic product (GD ...
... Most modern economies, advanced as well as emerging, are growth-based economies. This means that their economic progress is defined not by the quality or value of the products or services they produce, but rather by what it contributes to a country’s growth, as measured by gross domestic product (GD ...
LCCARL082_en.pdf
... construction sector. The increase in domestic expenditure was particularly important in the cases of Saint Lucia, Suriname and Trinidad and Tobago. In Saint Lucia the growth impulse was underpinned by the construction due to the World Cricket Cup (2007) preparations, which involve important public c ...
... construction sector. The increase in domestic expenditure was particularly important in the cases of Saint Lucia, Suriname and Trinidad and Tobago. In Saint Lucia the growth impulse was underpinned by the construction due to the World Cricket Cup (2007) preparations, which involve important public c ...
PDF
... The 3 percent deficit rule can be disregarded when the deviation from it is small and temporary, while the 1/20th debt reduction rule can be disregarded when the country is assessed as doing enough fiscal consolidation. The European Commission has wide-ranging discretionary power in the assessment o ...
... The 3 percent deficit rule can be disregarded when the deviation from it is small and temporary, while the 1/20th debt reduction rule can be disregarded when the country is assessed as doing enough fiscal consolidation. The European Commission has wide-ranging discretionary power in the assessment o ...
GDP and the Standard of Living
... information about wages, rents, interest, and profits that would allow a separate calculation of total income, but you don’t need to make that calculation. 2c. GDP. GDP can be measured either as total income or as total expenditure. So GDP is $60 billion. Additional Practice Problem 20.1a Last year ...
... information about wages, rents, interest, and profits that would allow a separate calculation of total income, but you don’t need to make that calculation. 2c. GDP. GDP can be measured either as total income or as total expenditure. So GDP is $60 billion. Additional Practice Problem 20.1a Last year ...
Fiscal Developments and Public Finance
... Electronic Clearing Services (ECS) facility for crediting of refunds directly in taxpayers’ bank accounts; and electronic filing of tax deduction at source (TDS) documents. Also a category of taxpayers was notified who need not file a return of income as their income tax liability has been discharge ...
... Electronic Clearing Services (ECS) facility for crediting of refunds directly in taxpayers’ bank accounts; and electronic filing of tax deduction at source (TDS) documents. Also a category of taxpayers was notified who need not file a return of income as their income tax liability has been discharge ...
Parkin-Bade Chapter 22
... Disposable income is either spent on consumption goods and services, C, or saved, S. That is, ...
... Disposable income is either spent on consumption goods and services, C, or saved, S. That is, ...
Abenomics
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Abenomics (アベノミクス, Abenomikusu) refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon ""three arrows"" of fiscal stimulus, monetary easing and structural reforms. The Economist characterized the program as a ""mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.""The term ""Abenomics"" is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.