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Coordination Of Monetary And Fiscal Policies In The Oecd
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Book Synopsis Coordination of Monetary and Fiscal Policies in the OECD by :
Download or read book Coordination of Monetary and Fiscal Policies in the OECD written by and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Coordination of Monetary and Fiscal Policies in the OECD by : Warwick J. McKibbin
Download or read book Coordination of Monetary and Fiscal Policies in the OECD written by Warwick J. McKibbin and published by . This book was released on 1986 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discontent with the functioning of the world monetary system has led to many proposals for international monetary reform. These proposals range from enhanced consultations under the current regime of floating exchange rates to a regime of fixed exchange rates, as proposed by Ronald McKinnon. In this paper we examine the implications of several alternative monetary arrangements for fiscal policy in the world economy. In particular we focus upon two issues. The first is the effects of alternative monetary arrangements on the international transmission of fiscal policy. The second is the implications of the alternative regimes for strategic aspects of fiscal policymaking.As is generally the case in the discussion of exchange regimes we find that the choice of the monetary system is crucially dependent upon the source and nature of the shocks hitting the world economy. In this paper we show that the monetary regime also has important implications for the transmission offiscal policy in the world economy and for the nature of the strategic games played by fiscal authorities. Rigid rules of the game, as under fixedexchange rates, do not necessarily eliminate the inefficient equilibriathat can occur when fiscal authorities behave non-cooperatively
Book Synopsis Coordination of Monetary and Fiscal Policies by : International Monetary Fund
Download or read book Coordination of Monetary and Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-03-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Book Synopsis International Coordination of Fiscal Policies by : International Monetary Fund
Download or read book International Coordination of Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-08-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: International coordination of macroeconomic policies has attracted much attention in recent years. The main issue has been whether economic performance can be improved by coordination Although it is still a controversial issue many economists have argued that coordination would make a positive contribution to economic performance. This paper deals with the requirements for successful fiscal coordination. It concludes that those requirements are such that the best fiscal policies that countries can pursue are those aimed at putting their houses in order.
Book Synopsis Fiscal Policy Coordination in OECD Countries by : Tuomo Mäki
Download or read book Fiscal Policy Coordination in OECD Countries written by Tuomo Mäki and published by . This book was released on 1998 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Book Synopsis The Political Economy of Policy Coordination by : Michael C. Webb
Download or read book The Political Economy of Policy Coordination written by Michael C. Webb and published by Cornell University Press. This book was released on 1995 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Webb examines in particular how the United States, Japan, and Germany took unprecedented steps to coordinate monetary and fiscal policies in the late 1980s and early 1990s, although domestic political obstacles - not any decline in U.S. power - limited the impact of this policy coordination. He concludes by assessing the effectiveness of these attempts to reconcile the goal of a stronger liberal system of economic exchange with the desire to maintain national autonomy.
Book Synopsis Government at a Glance 2021 by : OECD
Download or read book Government at a Glance 2021 written by OECD and published by OECD Publishing. This book was released on 2021-07-09 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2021 edition includes input indicators on public finance and employment; process indicators include data on institutions, budgeting practices, human resources management, regulatory governance, public procurement, governance of infrastructure, public sector integrity, open government and digital government. Outcome indicators cover core government results (e.g. trust, political efficacy, inequality reduction) and indicators on access, responsiveness, quality and satisfaction for the education, health and justice sectors.
Book Synopsis International Coordination of Fiscal Policies by : Vito Tanzi
Download or read book International Coordination of Fiscal Policies written by Vito Tanzi and published by . This book was released on 1988 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Currencies, Crises, Fiscal Policy, and Coordination by : Paul R. Masson
Download or read book Currencies, Crises, Fiscal Policy, and Coordination written by Paul R. Masson and published by World Scientific. This book was released on 2011 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an integrated compilation of selected major articles published by the author in several fields of international finance. These include contributions to the understanding of currency crises and financial contagion, the evolution of exchange rate regimes, the interaction between national fiscal policies and regional monetary unions, and the effect of uncertainty on the gains from international economic policy coordination. The author spent most of his career doing research at established institutions (the Bank of Canada, OECD, and IMF), and these articles emerged from the need to understand the major economic policy issues of the day. In the book's introduction, the author discusses the motivation for these contributions and the unifying themes that emerged, while a concluding chapter provides his personal reflections and suggestions about promising avenues for further research.
Download or read book Taxing Wages 2021 written by OECD and published by OECD Publishing. This book was released on 2021-04-29 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication provides details of taxes paid on wages in OECD countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by workers. Taxing Wages 2021 includes a special feature entitled: “Impact of COVID-19 on the Tax Wedge in OECD Countries”.
Book Synopsis International Macroeconomic Policy Coordination by : Group of Thirty
Download or read book International Macroeconomic Policy Coordination written by Group of Thirty and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis OECD Fiscal Federalism Studies Institutional and Financial Relations across Levels of Government by : OECD
Download or read book OECD Fiscal Federalism Studies Institutional and Financial Relations across Levels of Government written by OECD and published by OECD Publishing. This book was released on 2012-02-23 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an overview of the institutional and financial relations across levels of government that enables policymakers evaluate their position and identify good practices for mobilizing sub-central governments for national growth, equity and stability objectives.
Book Synopsis OECD Fiscal Federalism Studies Institutions of Intergovernmental Fiscal Relations Challenges Ahead by : Korea Institute of Public Finance
Download or read book OECD Fiscal Federalism Studies Institutions of Intergovernmental Fiscal Relations Challenges Ahead written by Korea Institute of Public Finance and published by OECD Publishing. This book was released on 2015-11-18 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes an interdisciplinary look at how the institutions of intergovernmental fiscal relations are shaped, drawing on work by both academics and practitioners in the field.
Book Synopsis Economic Policy Coordination by : Wilfried Guth
Download or read book Economic Policy Coordination written by Wilfried Guth and published by International Monetary Fund. This book was released on 1988-12-15 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, which presents the proceedings of a seminar moderated by Wilfred Guth in Hamburg, Germany, discusses the extent of international policy coordination, its effectiveness, and how it can be expected to work in the future.
Book Synopsis International Macroeconomic Policy Coordination when Policy-makers Disagree on the Model by : Jeffrey A. Frankel
Download or read book International Macroeconomic Policy Coordination when Policy-makers Disagree on the Model written by Jeffrey A. Frankel and published by . This book was released on 1986 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Policies in the OECD and LDC External Adjustmemt by : Jeffrey Sachs
Download or read book Macroeconomic Policies in the OECD and LDC External Adjustmemt written by Jeffrey Sachs and published by . This book was released on 1985 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, the authors describe a simulation model for analyzing the effects of macroeconomic policies in the OECD on global macroeconomic equilibrium. Particular attention is paid to the effects on developing countries of alternative mixes of monetary and fiscal policies in the OECD.Though the model is quite small, it has several properties which make it attractive for policy analysis. First, the important stock-flow relationships and intertemporal budget constraints are carefully observed, so that the modelis useful for short-run and long-run analysis. Budget deficits, for example,cumulate into a stock of public debt which must be serviced, while current account deficits cumulate into a stock of foreign debt. Second, the asset markets are forward looking, so that the exchange rate is conditioned by the entire future path of policies rather than by a set of short-run expectations. Third, the model is amenable to policy optimization exercises, and in particular can be used to study the effects of policy coordination versus non-coordination in the OECD, on global macroeconomic equilibrium.
Book Synopsis International Aspects of Fiscal Policies by : Jacob A. Frenkel
Download or read book International Aspects of Fiscal Policies written by Jacob A. Frenkel and published by University of Chicago Press. This book was released on 2007-12-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as graduate students in the fields of global monetary economics, finance, and macroeconomics will find this an outstanding contribution to current research. It includes two commentaries for each paper, written by experts in the field, and Frenkel's detailed introduction, which serves as a reader's guide to the arguments made, the models employed, and the issues raised by each contributor. The studies analyze national fiscal policies within the context of the international economic order. Malcolm D. Knight and Paul R. Masson use an empirical model to show that fiscal changes in recent years in the United States, West Germany, and Japan have caused major disturbances in net savings and investment flows. Linda S. Kole uses a two-country simulation model to examine the effects of a large nation's expansion on exchange rates, interest rates, and the balance of payments. In other studies, Warwick J. McKibbin and Jeffrey D. Sachs discuss the influences of different currency regimes on the international transmission of inflation; Kent P. Kimbrough analyzes the interaction between optimal tax policies and international trade; Sweder van Wijnbergen investigates the interrelation of fiscal policies, trade intervention, and world interest rates; and Willem H. Buiter uses an analytical model to look at fiscal interdependence and optimal policy design. David Backus, Michael Devereux, and Douglas Purvis develop a theoretical model to investigate effects of different fiscal policies in an open economy. Alan C. Stockman looks at the influence of policy anticipation in the private sector, while Lawrence H. Summers shows the effects of differential tax policy on international competitiveness.