Fiscal policy interdependence and efficiency

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Fiscal policy interdependence and efficiency by : Willem H. Buiter

Download or read book Fiscal policy interdependence and efficiency written by Willem H. Buiter and published by . This book was released on 1990 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Policy Interdependence and Efficiency

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Fiscal Policy Interdependence and Efficiency by : Willem H. Buiter

Download or read book Fiscal Policy Interdependence and Efficiency written by Willem H. Buiter and published by . This book was released on 1990 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: International transmission of fiscal policy among open interdependent economies under free international capital mobility. With only lump-sum taxes and transfers, international transmission involves only pecuniary externalities: barring dynamic inefficiency, only distributional issues (intergenerational and international) are involved. With age-specific taxes and transfers, the ability to run deficits and issue debt does not enhance the choice set of the governments. Source-based taxes on the rentals from capital and residence-based taxes on all property income are also studied.

Essays on Efficiency and Coordination of Fiscal Policies in Interdependent Economies

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (922 download)

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Book Synopsis Essays on Efficiency and Coordination of Fiscal Policies in Interdependent Economies by : Irem Zeyneloglu

Download or read book Essays on Efficiency and Coordination of Fiscal Policies in Interdependent Economies written by Irem Zeyneloglu and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Interdependence of Equity and Efficiency Objectives in Fiscal Policies to Reduce Carbon Emissions in the Domestic Sector

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Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (314 download)

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Book Synopsis The Interdependence of Equity and Efficiency Objectives in Fiscal Policies to Reduce Carbon Emissions in the Domestic Sector by : Terry Barker

Download or read book The Interdependence of Equity and Efficiency Objectives in Fiscal Policies to Reduce Carbon Emissions in the Domestic Sector written by Terry Barker and published by . This book was released on 1993 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Interdependence of Equity and Efficiency Objectives in Fiscal Policies to Reduction Carbon Emissions in the Domestic Sector

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (594 download)

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Book Synopsis The Interdependence of Equity and Efficiency Objectives in Fiscal Policies to Reduction Carbon Emissions in the Domestic Sector by : Terry Barker

Download or read book The Interdependence of Equity and Efficiency Objectives in Fiscal Policies to Reduction Carbon Emissions in the Domestic Sector written by Terry Barker and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Identifying the Interdependence Between US Monetary Policy and the Stock Market

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Identifying the Interdependence Between US Monetary Policy and the Stock Market by : Hilde C. Bjørnland

Download or read book Identifying the Interdependence Between US Monetary Policy and the Stock Market written by Hilde C. Bjørnland and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the interdependence between US monetary policy and the S&P 500 using structural VAR methodology. A solution is proposed to the simultaneity problem of identifying monetary and stock price shocks by using a combination of short-run and long-run restrictions that maintains the qualitative properties of a monetary policy shock found in the established literature (CEE 1999). We find great interdependence between interest rate setting and stock prices. Stock prices immediately fall by 1.5 per cent due to a monetary policy shock that raises the federal funds rate by ten basis points. A stock price shock increasing stock prices by one per cent leads to an increase in the interest rate of five basis points. Stock price shocks are orthogonal to the information set in the VAR model and can be interpreted as non-fundamental shocks. We attribute a major part of the surge in stock prices at the end of the 1990s to these non-fundamental shocks.

International Aspects of Fiscal Policies

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Publisher : University of Chicago Press
ISBN 13 : 0226262545
Total Pages : 422 pages
Book Rating : 4.2/5 (262 download)

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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.

Public Financial Management and Its Emerging Architecture

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Publisher : International Monetary Fund
ISBN 13 : 1475512198
Total Pages : 468 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Public Financial Management and Its Emerging Architecture by : Mr. M. Cangiano

Download or read book Public Financial Management and Its Emerging Architecture written by Mr. M. Cangiano and published by International Monetary Fund. This book was released on 2013-04-05 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch

The Political Economy of Tax Reform

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Publisher : University of Chicago Press
ISBN 13 : 0226387003
Total Pages : 362 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis The Political Economy of Tax Reform by : Takatoshi Ito

Download or read book The Political Economy of Tax Reform written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid emergence of East Asia as an important geopolitical-economic entity has been one of the most visible and striking changes in the international economy in recent years. With that emergence has come an increased need for understanding the problems of interdependence. As a step toward meeting this need, the National Bureau of Economic Research joined with the Korea Development Institute to sponsor this volume, which focuses on the complexities of tax reform in a global economy. Experts from Taiwan, Korea, the Philippines, Japan, and Thailand, as well as the United States, Canada, and Israel examine the major tax programs of the 1980s and their domestic and international economic effects. The analyses reveal similarities between the United States and countries in East Asia in political constraints on policy making, and taken together they show how growing interdependence interacts with domestic economic and political concerns to affect issues as politically vital as tax reform. Economists, policymakers, and members of the business community will benefit from these studies.

The Uses and Abuses of Weaponized Interdependence

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Publisher :
ISBN 13 : 9780815738374
Total Pages : 0 pages
Book Rating : 4.7/5 (383 download)

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Book Synopsis The Uses and Abuses of Weaponized Interdependence by : Daniel W. Drezner

Download or read book The Uses and Abuses of Weaponized Interdependence written by Daniel W. Drezner and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How globalized information networks can be used for strategic advantage Until recently, globalization was viewed, on balance, as an inherently good thing that would benefit people and societies nearly everywhere. Now there is growing concern that some countries will use their position in globalized networks to gain undue influence over other societies through their dominance of information and financial networks, a concept known as "weaponized interdependence." In exploring the conditions under which China, Russia, and the United States might be expected to weaponize control of information and manipulate the global economy, the contributors to this volume challenge scholars and practitioners to think differently about foreign economic policy, national security, and statecraft for the twenty-first century. The book addresses such questions as: What areas of the global economy are most vulnerable to unilateral control of information and financial networks? How sustainable is the use of weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations?

Monetary Policy in India

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Publisher : Springer
ISBN 13 : 8132228405
Total Pages : 653 pages
Book Rating : 4.1/5 (322 download)

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Book Synopsis Monetary Policy in India by : Chetan Ghate

Download or read book Monetary Policy in India written by Chetan Ghate and published by Springer. This book was released on 2016-11-25 with total page 653 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant attention from Indian and international macroeconomists over the last several years. Interest in how monetary policy influences economic performance and how monetary policy is conducted in India is growing. The prospects for further financial sector reform and ongoing inflation in India have sparked new interest in the role of money and monetary policy in India among economists, policy makers and students alike. The book should also interest economists outside India because it studies monetary economics in a major emerging market economy and makes advances in the analysis of how financial market imperfections and structural constraints influence the effects of monetary policy.

Market Behaviour and Macroeconomic Modelling

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Publisher : Springer
ISBN 13 : 1349267325
Total Pages : 416 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Market Behaviour and Macroeconomic Modelling by : Simon Kuipers

Download or read book Market Behaviour and Macroeconomic Modelling written by Simon Kuipers and published by Springer. This book was released on 1998-11-12 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Behaviour and Macroeconomic Modelling discusses several state-of-the-art developments in the modelling approach to market behaviour in macroeconomic modelling. Leading experts in this field, deal with the implications of market imperfections in commodity markets, capital markets and labour markets for macroeconomic modelling and stabilization policy. They demonstrate that incorporating market imperfections leads to very different policy recommendations than those derived from the standard perfect competition model.

Fiscal Problems in the Single-Market Europe

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Publisher : Springer
ISBN 13 : 1349231975
Total Pages : 295 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Fiscal Problems in the Single-Market Europe by : Mario Baldassarri

Download or read book Fiscal Problems in the Single-Market Europe written by Mario Baldassarri and published by Springer. This book was released on 1994-02-12 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The single market has been operating in Europe since 1 January 1993 but the twelve national fiscal systems remain independent. How will this be resolved? Harmonization and coordination or fiscal competition with distortions in the allocation of resources, in factor use, in localization of activities?

Singular Europe

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Publisher : University of Michigan Press
ISBN 13 : 9780472065042
Total Pages : 404 pages
Book Rating : 4.0/5 (65 download)

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Book Synopsis Singular Europe by : William James Adams

Download or read book Singular Europe written by William James Adams and published by University of Michigan Press. This book was released on 1995 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the implications of the fully integrated European market

Public Finances

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ISBN 13 :
Total Pages : 536 pages
Book Rating : 4.:/5 (42 download)

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Book Synopsis Public Finances by : Universities-National Bureau Committee for Economic Research

Download or read book Public Finances written by Universities-National Bureau Committee for Economic Research and published by . This book was released on 1965 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Journal of Economic Dynamics & Control

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Publisher :
ISBN 13 :
Total Pages : 840 pages
Book Rating : 4.:/5 (49 download)

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Book Synopsis Journal of Economic Dynamics & Control by :

Download or read book Journal of Economic Dynamics & Control written by and published by . This book was released on 1991 with total page 840 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Investment Efficiency and Sectoral Economic Growth in Pakistan

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Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4./5 ( download)

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Book Synopsis Public Investment Efficiency and Sectoral Economic Growth in Pakistan by : Ahmed, Qazi Masood

Download or read book Public Investment Efficiency and Sectoral Economic Growth in Pakistan written by Ahmed, Qazi Masood and published by Intl Food Policy Res Inst. This book was released on with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the effects of aggregate and sectoral public investments on sectoral private investment, output, and employment. We estimate the elasticities of private investment with respect to aggregate and sectoral public investments to find crowding-out or crowding-in phenomena in Pakistan. The study also reveals the changes in labor absorption or replacement due to additional capital and the effects on output. Our data covers eight sectors of the Pakistan economy and uses annual time series data from 1964 to 2011. This study uses vector autoregressive (VAR) techniques, as applied by Pereira (2000, 2001), which allows measuring the dynamic feedback effects among the variables.