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Fiscal Policy And Financial Markets
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Book Synopsis Fiscal Policy, Economic Adjustment, and Financial Markets by : Mr.Mario Monti
Download or read book Fiscal Policy, Economic Adjustment, and Financial Markets written by Mr.Mario Monti and published by International Monetary Fund. This book was released on 1989-06-15 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Mario Monti, this volume contains the proceedings of a seminar that was held in Milan at the Centre for Financial and Monetary Economics, Universitá Luigi Bocconi. Participants included government officials, academicians, and economists; they provide a many-faceted view of fiscal policy at the domestic level and in the broader context of international policy coordination.
Book Synopsis Fiscal Policy and Financial Markets by : Bernardin Akitoby
Download or read book Fiscal Policy and Financial Markets written by Bernardin Akitoby and published by International Monetary Fund. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces fiscal policy in a model of sovereign risk spreads (quot;spreadsquot;). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for reducing spreads than increases in revenues. Specifically, cuts in current spending lower spreads by more than cuts in investment spending, and they also lower spreads by more than increases in revenue. We also show that debt-financed current spending increases sovereign risk by more than tax-financed current spending, suggesting that international investors have some preference for the latter. In line with the empirical literature on the determinants of spreads, we find that liquidity and solvency indicators, as well as macroeconomic fundamentals, are also important determinants of spreads.
Book Synopsis Economic Policy, Financial Markets, And Economic Growth by : Benjamin Zycher
Download or read book Economic Policy, Financial Markets, And Economic Growth written by Benjamin Zycher and published by Routledge. This book was released on 2019-04-16 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The links between economic policy and economic growth are simultaneously obvious and obscure, with many factors interacting to influence the overall process. The list of relevant parameters affecting economic growth of interest to scholars and policymakers is lengthy and expanding. Although the importance of government policy is widely recognized,
Book Synopsis Fiscal Policy after the Financial Crisis by : Alberto Alesina
Download or read book Fiscal Policy after the Financial Crisis written by Alberto Alesina and published by University of Chicago Press. This book was released on 2013-06-25 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.
Book Synopsis Globalization, Financial Markets, and Fiscal Policy by : International Monetary Fund. Fiscal Affairs Dept.
Download or read book Globalization, Financial Markets, and Fiscal Policy written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2007-11-16 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how fiscal policy can contribute to realizing the benefits of two important ongoing developments, globalization and financial deepening.
Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System
Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Book Synopsis Fiscal Policy for the Crisis by : International Monetary Fund. Fiscal Affairs Dept.
Download or read book Fiscal Policy for the Crisis written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2008-12-29 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy.
Book Synopsis Fiscal Policy, Economic Adjustment and Financial Markets by : Mario Monti
Download or read book Fiscal Policy, Economic Adjustment and Financial Markets written by Mario Monti and published by . This book was released on with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Monetary Policy by : Jack Rabin
Download or read book Handbook of Monetary Policy written by Jack Rabin and published by CRC Press. This book was released on 2001-12-19 with total page 1012 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Examines the politics of economic policy, focusing on forecasting, inflation, interest rates, market expectations, financial crises, disruptions in global markets, and tax policy, as well as state and local government budgeting, financial management, and policy initiatives for development and growth."
Book Synopsis The Implications of Fiscal Conditions and Growing Internationalization for Monetary Policies and Financial Market Conditions by : International Monetary Fund
Download or read book The Implications of Fiscal Conditions and Growing Internationalization for Monetary Policies and Financial Market Conditions written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-06-29 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper argues that the endogenous behavior of monetary authorities provides an important channel through which fiscal policy influences financial variables, and that growing internationalization has increased the sensitivity of financial conditions to fiscal policy. The core of the argument is that fiscal policy influences exchange rates, particularly to the extent that it affects the expected after-tax returns on capital located in different countries, and that the sensitivity of exchange rates to fiscal policy increases with growing internationalization. In addition, financial conditions reflect the actual and expected responses of the monetary authorities to exchange rates.
Book Synopsis Fiscal Policy and Interest Rates in the European Union by : Klaas Knot
Download or read book Fiscal Policy and Interest Rates in the European Union written by Klaas Knot and published by Edward Elgar Publishing. This book was released on 1996-01-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an extensive study concerned with the potential effects of fiscal policy on financial markets in the EU. It takes into account the gradual liberalization of capital movements through Western Europe & the framework of the European Monetary System.
Book Synopsis The Value of Institutions for Financial Markets by : Mr.Thomas Stratmann
Download or read book The Value of Institutions for Financial Markets written by Mr.Thomas Stratmann and published by International Monetary Fund. This book was released on 2009-02-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct effect on sovereign interest rate spreads. We find that financial markets value institutions over and above the economic and fiscal outcomes these institutions shape. Democracy and accountability generally lower sovereign spreads, political risk tends to increase them, and financial markets tend to view election years negatively.
Book Synopsis Asset Prices and Monetary Policy by : John Y. Campbell
Download or read book Asset Prices and Monetary Policy written by John Y. Campbell and published by University of Chicago Press. This book was released on 2008-11-15 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.
Book Synopsis Is Fiscal Policy the Answer? by : Blanca Moreno-Dodson
Download or read book Is Fiscal Policy the Answer? written by Blanca Moreno-Dodson and published by World Bank Publications. This book was released on 2012-10 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal policy is an important instrument for maintaining and improving living standards. Such living standards can be viewed as an outcome of the interaction between the opportunities offered by society and the readiness and ability of each person to exploit them. Under certain circumstances, public finance can make an important contribution to the creation of opportunities within a given society by raising resources from the private sector through taxation or borrowing (domestic and external) and allocating those resources effectively and equitably in the form of public spending, including through public goods and transfers. The first chapters in this volume sketch out a framework that policy makers can use in adopting a more cohesive or integrated approach to the short- and long-term dimensions of fiscal policy. Here the traditional threefold rationale for fiscal policy proposed by Musgrave-stabilization, resource allocation, and distribution-continues to be useful. Other chapters in this volume take up some of the critical institutional challenges in implementing fiscal policy for longer-term growth and development. These chapters also look at the tools and approaches being developed to address these challenges. Improving the quality of public investment management is a particular priority in view of the recent evidence that as little as half of all public investment expenditure translates into productive capital stock. The last chapter in this volume is a case study of fiscal responses to the great recession in low-income Sub-Saharan Africa, looking at stabilization and the longer-run growth, as well as distributional aspects of such responses. The growing depth of domestic financial markets in many African countries rather unexpectedly is turning out to be a critical source of financing for fiscal policy responses.
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 Macroeconomics, Financial Markets, and the International Sector by : Martin Neil Baily
Download or read book Macroeconomics, Financial Markets, and the International Sector written by Martin Neil Baily and published by Irwin Professional Publishing. This book was released on 1995 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Markets and Public Finance in the Transformation Process by : Mr.Vito Tanzi
Download or read book Financial Markets and Public Finance in the Transformation Process written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1992-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to develop appropriate financial institutions that can mobilize savings and allocate them efficiently; and (c) the major reforms necessary in the fiscal area. It also calls attention to the extent to which monetary and fiscal policies overlap in these countries and the implications of that overlapping.
