Government Spending and Consumption-Hours Preferences

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Author :
Publisher : "la Caixa"
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4./5 ( download)

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Book Synopsis Government Spending and Consumption-Hours Preferences by :

Download or read book Government Spending and Consumption-Hours Preferences written by and published by "la Caixa". This book was released on with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Brookings Papers on Economic Activity: Fall 2009

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Publisher : Brookings Institution Press
ISBN 13 : 0815704461
Total Pages : 289 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Brookings Papers on Economic Activity: Fall 2009 by : David H. Romer

Download or read book Brookings Papers on Economic Activity: Fall 2009 written by David H. Romer and published by Brookings Institution Press. This book was released on 2010-07-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: Editors' Summary Heeding Daedalus: Optimal Inflation and the Zero Lower Bound By John C. Williams The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation By Sumit Agarwal, John C. Driscoll, and Xavier Gabaix Interpreting the Unconventional U.S. Monetary Policy of 2007-09 By Ricardo Reis By How Much Does GDP Rise If the Government Buys More Output? By Robert E. Hall When the North Last Headed South: Revisiting the 2930s By Carmen M. Reinhart and Vincent R. Reinhart

Roberto Perotti

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4./5 ( download)

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Book Synopsis Roberto Perotti by :

Download or read book Roberto Perotti written by and published by World Bank Publications. This book was released on with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Policy in Developing Countries:

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Publisher : World Bank Publications
ISBN 13 : 7092014492
Total Pages : 46 pages
Book Rating : 4.0/5 (92 download)

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Book Synopsis Fiscal Policy in Developing Countries: by : Roberto Perotti

Download or read book Fiscal Policy in Developing Countries: written by Roberto Perotti and published by World Bank Publications. This book was released on 2007 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys fiscal policy in developing countries from the point of view of long-run growth. The first section reviews existing methodologies to estimate the effects of fiscal policy shocks and of systematic fiscal policy, with time series or with cross-sectional methods, and their applicability to developing countries. The second section surveys optimal fiscal policy in developing countries, by considering the role of the intertemporal government budget, and sustainability and solvency. It also reviews the fuzzy debate on "fiscal space" and "macroeconomic space" - and the usefulness (or lack thereof) of these terms for policy analysis. The third section asks what theory tells us about the optimal cyclical behavior of fiscal policy in developing countries. It shows that it very much depends on the assumptions about the interactions between credit market imperfections at the individual, firms, or government level, and on the supply of external funds to the country. Different sets of assumptions lead to different implications about optimal cyclical behavior. The available evidence on the cyclical behavior of fiscal policy, and possible reasons for the observed prevalence of a procyclical behavior in developing countries, is also reviewed. If one agrees that fiscal policy is indeed less countercyclical than we think is optimal, the issue is how to correct the problem. One obvious question is why government do not self-insure, i.e. why they do not accumulate assets in upturns and decumulate them in downturns. This leads to the analysis of fiscal rules and stabilization funds, in the fourth section. The last section concludes with what the author considers important research and policy questions in each part.

la Caixa

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Author :
Publisher : "la Caixa"
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4./5 ( download)

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Book Synopsis la Caixa by :

Download or read book la Caixa written by and published by "la Caixa". This book was released on with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

''La Caixa'' Economic Papers

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Author :
Publisher : "la Caixa"
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis ''La Caixa'' Economic Papers by :

Download or read book ''La Caixa'' Economic Papers written by and published by "la Caixa". This book was released on with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Integrating regulated network markets in Europe

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Publisher : "la Caixa"
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4./5 ( download)

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Book Synopsis Integrating regulated network markets in Europe by :

Download or read book Integrating regulated network markets in Europe written by and published by "la Caixa". This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Macroeconomics

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Publisher : Elsevier
ISBN 13 : 0444594884
Total Pages : 2744 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Macroeconomics by : John B. Taylor

Download or read book Handbook of Macroeconomics written by John B. Taylor and published by Elsevier. This book was released on 2016-11-12 with total page 2744 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Macroeconomics Volumes 2A and 2B surveys major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues, including fiscal, monetary, and regulatory policies to deal with crises, unemployment, and economic growth. As this volume shows, macroeconomics has undergone a profound change since the publication of the last volume, due in no small part to the questions thrust into the spotlight by the worldwide financial crisis of 2008. With contributions from the world’s leading macroeconomists, its reevaluation of macroeconomic scholarship and assessment of its future constitute an investment worth making. Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade Builds upon Volume 1 by using its section headings to illustrate just how far macroeconomic thought has evolved

Labor Markets and Business Cycles

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Publisher : Princeton University Press
ISBN 13 : 1400835232
Total Pages : 192 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Labor Markets and Business Cycles by : Robert Shimer

Download or read book Labor Markets and Business Cycles written by Robert Shimer and published by Princeton University Press. This book was released on 2010-04-12 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.

Time Preference

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Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Time Preference by : Fouad Sabry

Download or read book Time Preference written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-07 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Time Preference It is the current relative valuation that is placed on receiving a good or some cash at an earlier date in comparison to receiving it at a later period. This is what is known as time preference in the field of economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Time preference Chapter 2: Discounting Chapter 3: Big Mac Index Chapter 4: Interest Chapter 5: Interest rate Chapter 6: Intertemporal choice Chapter 7: Neuroeconomics Chapter 8: Consumption (economics) Chapter 9: Man, Economy, and State Chapter 10: Hyperbolic discounting Chapter 11: Intertemporal consumption Chapter 12: Dynamic inconsistency Chapter 13: Monetary-disequilibrium theory Chapter 14: Discounted utility Chapter 15: Social discount rate Chapter 16: Frank Fetter Chapter 17: Arbitrage Chapter 18: Derivative (finance) Chapter 19: Intertemporal budget constraint Chapter 20: Big push model Chapter 21: Reflections on the Formation and Distribution of Wealth (II) Answering the public top questions about time preference. (III) Real world examples for the usage of time preference in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Time Preference.

Communication, Consumers, and Citizens: Revisiting the Politics of Consumption

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Publisher : SAGE
ISBN 13 : 1452275696
Total Pages : 297 pages
Book Rating : 4.4/5 (522 download)

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Book Synopsis Communication, Consumers, and Citizens: Revisiting the Politics of Consumption by : Dhavan V. Shah

Download or read book Communication, Consumers, and Citizens: Revisiting the Politics of Consumption written by Dhavan V. Shah and published by SAGE. This book was released on 2012-12-04 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1 Communication, Consumers, and Citizens: Revisiting the Politics of Consumption Dhavan V. Shah, Lewis A. Friedland, Chris Wells, Young Mie Kim, and Hernando Rojas 2 The Personalization of Politics: Political Identity, Social Media, and Changing Patterns of Participation W. Lance Bennett 3 The Politics of Consumer Debt: U.S. State Policy and the Rise of Investment in Consumer Credit, 1920-2008 Louis Hyman 4 Working-Class Cast: Images of the Working Class in Advertising, 1950-2010 Erika L. Paulson and Thomas C. O'Guinn 5 What Does It Mean to Be a Good Citizen? Citizenship Vocabularies as Resources for Action Kjerstin Thorson 6 Sustainable Citizenship and the New Politics of Consumption Michele Micheletti and Dietlind Stolle 7 Political Consumerism and New Forms of Political Participation: The Gruppi di Acquisto Solidale in Italy Paolo R. Graziano and Francesca Forno 8 Gender and Generation in the Social Positioning of Taste Nam-Jin Lee, Christine L. Garlough, Lewis A. Friedland, and Dhavan V. Shah 9 The Shifting Sands of Citizenship: Toward a Model of the Citizenry in Life Politics Young Mie Kim 10 Does Changing a Light Bulb Lead to Changing the World? Political Action and the Conscious Consumer Margaret M. Willis and Juliet B. Schor 11 Buying In to Social Change: How Private Consumption Choices Engender Concern for the Collective Lucy Atkinson 12 From Concerned Shopper to Dutiful Citizen: Implications of Individual and Collective Orientations toward Political Consumerism Melissa R. Gotlieb and Chris Wells 13 Examining Overconsumption, Competitive Consumption, and Conscious Consumption from 1994 to 2004: Disentangling Cohort and Period Effects D. Jasun Carr, Melissa R. Gotlieb, Nam-Jin Lee, and Dhavan V. Shah 14 Constructing Sustainable Consumption: From Ethical Values to the Cultural Transformation of Unsustainable Markets Douglas B. Holt 15 The Civic Consequences of "Going Negative" Attack Ads and Adolescents' Knowledge, Consumption, and Participation Ming Wang, Itay Gabay, and Dhavan V. Shah 16 Between Complacency and Paternalism: Ethical Controversies over Influencing Political and Consumer Choice Thomas Hove 17 Consuming Ourselves to Dearth: Escalating Inequality and Public Opinion Lewis A. Friedland, Hernando Rojas, and Leticia Bode

Explaining the Growth of Government

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Author :
Publisher : Elsevier
ISBN 13 : 1483294978
Total Pages : 407 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Explaining the Growth of Government by : J.A. Lybeck

Download or read book Explaining the Growth of Government written by J.A. Lybeck and published by Elsevier. This book was released on 2014-06-28 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to explain the post-war growth of the public sector in a number of developed economies. The purpose is to see whether scientists familiar with their respective countries' institutional, political and economic framework, but still working as a group, can advance some common factors behind the growth of government.

Macroeconomic Theory

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Publisher : Princeton University Press
ISBN 13 : 1400830230
Total Pages : 496 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Macroeconomic Theory by : Michael Wickens

Download or read book Macroeconomic Theory written by Michael Wickens and published by Princeton University Press. This book was released on 2011-09-05 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource for economists who need to brush up on the latest developments. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, exchange-rate determination, and an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. While the mathematics needed for this book is rigorous, the author describes fundamental concepts in a way that helps make the book self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory will become the standard text for students and is ideal for economists, particularly those in government, central and commercial banking, and financial investment. The most up-to-date macroeconomics textbook available today Web-based exercises with answers (June 2008) Emphasis on general equilibrium macroeconomics addresses the whole economy Latest advances in macroeconomics covered fully and completely Gives up-to-date account of monetary policy Covers modern finance Extensive mathematical appendix for at-a-glance easy reference

Public Spending and the Role of the State

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Publisher : Cambridge University Press
ISBN 13 : 1108496237
Total Pages : 305 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Public Spending and the Role of the State by : Ludger Schuknecht

Download or read book Public Spending and the Role of the State written by Ludger Schuknecht and published by Cambridge University Press. This book was released on 2020-11-12 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Up-to-date, holistic and comprehensive discussion of public expenditure, its history, value for money, risks and remedies.

Political Economics

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Publisher : MIT Press
ISBN 13 : 9780262661317
Total Pages : 564 pages
Book Rating : 4.6/5 (613 download)

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Book Synopsis Political Economics by : Torsten Persson

Download or read book Political Economics written by Torsten Persson and published by MIT Press. This book was released on 2002-01-25 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and electoral cycles? A large and rapidly growing literature in political economics attempts to answer these questions. But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis. Combining the best of three separate traditions—the theory of macroeconomic policy, public choice, and rational choice in political science—Torsten Persson and Guido Tabellini suggest a unified approach to the field. As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy. As in public choice, the delegation of policy decisions to elected representatives may give rise to agency problems between voters and politicians. And, as in rational choice, political institutions shape the procedures for setting policy and electing politicians. The authors outline a common method of analysis, establish several new results, and identify the main outstanding problems.

Fiscal Policy, Wealth Effects and Markups

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis Fiscal Policy, Wealth Effects and Markups by : Tommaso Monacelli

Download or read book Fiscal Policy, Wealth Effects and Markups written by Tommaso Monacelli and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that variations in government purchases generate a rise in consumption, the real and the product wage, and a fall in the markup. This evidence is robust across alternative empirical methodologies used to identify innovations in government spending (structural VAR vs. narrative approach). Simultaneously accounting for these facts is a formidable challenge for a neoclassical model, which relies on the wealth effect on labor supply as the main channel of transmission of unproductive government spending shocks. The goal of this paper is to explore further the role of the wealth effects in the transmission of government spending shocks. To this end, we build an otherwise standard business cycle model with price rigidity, in which preferences can be consistent with an arbitrarily small wealth effect on labor supply, and highlight that such effect is linked to the degree of complementarity between consumption and hours. We show that the model is able to match our empirical evidence on the effects of government spending shocks remarkably well. This happens when the preferences are such that the positive wealth effect on labor supply is small and therefore the negative wealth effect on consumption is, somewhat counterintuitively, large.

Principles of Public Finance

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Publisher : Springer
ISBN 13 : 9811023891
Total Pages : 403 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Principles of Public Finance by : Toshihiro Ihori

Download or read book Principles of Public Finance written by Toshihiro Ihori and published by Springer. This book was released on 2016-11-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook equips instructors and students with an overview of the existing literature so that the latter can attain an overall understanding of macroeconomic and microeconomic public finance. The literature on public finance has grown dramatically with theoretical studies and empirical analysis, and much of the focus has been on macroeconomic effects of public services. The standard textbook offerings, however, are mainly restricted to microeconomic topics of public finance. This text intends to fill this gap by presenting a theoretical-based, comprehensive explanation of public finance. Particular emphasis is directed at developing tools that can be applied theoretically and empirically to clarify essential economic concerns in the current public sector in advanced countries, including Japan. Such concerns include the macroeconomic effect of fiscal policy, the dependence on bonds for covering government deficits, and social security reform. The main text explains the standard concepts of public finance, and the appendix offers various advanced topics. The material will facilitate an understanding of how to investigate changes in the public sector, interpret results, and basically do research on fiscal policy. The textbook will be of value to a broad range of course offerings, including those generally focused on fiscal policy, on social security reform and on tax reform.