The Effectiveness of Fiscal Policy in Stimulating Economic Activity

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming

Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

Fiscal Policy after the Financial Crisis

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022601844X
Total Pages : 596 pages
Book Rating : 4.2/5 (26 download)

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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.

The Impact of the Federal Reserve System's Monetary Policies on the Nation's Economy

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Impact of the Federal Reserve System's Monetary Policies on the Nation's Economy by : Robert E. Weintraub

Download or read book The Impact of the Federal Reserve System's Monetary Policies on the Nation's Economy written by Robert E. Weintraub and published by . This book was released on 1976 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Monetary Policy

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Author :
Publisher : CRC Press
ISBN 13 : 0585425515
Total Pages : 1009 pages
Book Rating : 4.5/5 (854 download)

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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 2020-04-30 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook explains the development and implementation of monetary policy. It examines theories and issues related to the preservation of economic activity and explores why the preservation of economic stability is a principal goal of public policy.

Fiscal Policy and Economic Activity During Recessions in Advanced Economies

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Fiscal Policy and Economic Activity During Recessions in Advanced Economies by : Richard Hemming

Download or read book Fiscal Policy and Economic Activity During Recessions in Advanced Economies written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-05 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial explanation of the impact of fiscal policy on economic activity. Overall, it would appear that fiscal multipliers are very small.

Money, Banking, and Economic Activity

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Publisher : Academic Press
ISBN 13 : 1483268756
Total Pages : 576 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Money, Banking, and Economic Activity by : Gail E. Makinen

Download or read book Money, Banking, and Economic Activity written by Gail E. Makinen and published by Academic Press. This book was released on 2014-05-10 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money, Banking, and Economic Activity focuses on the use of macro- and microeconomic theory in the analysis of the interrelations of money, banking, and economic activity. The book first underscores the importance and definition of money and financial intermediaries. Discussions focus on financial intermediaries and risk reduction, ability of intermediaries to decrease their own risks, effect of inflation on credit monies, and empirical definition of money. The text then examines the supply of money and the economic role of nonmoney-creating financial intermediaries, including thrift institutions and monetary policy, federal funds and repurchase agreements, monetary analysis and the place of thrift institutions, and developments altering the functions of financial intermediaries. The publication takes a look at the evolution of the international monetary system, money in an open economy, electronic fund transfers, and the Gibson paradox and the term structure of interest rates. Topics include level of interest rates, importance of theories of the term structure, market structure of financial institutions, theory of the supply of money, and foreign exchanges and the balance of payments. The manuscript is a valuable source of data for researchers interested in the interrelations of money, banking, and economic activity.

The Federal Reserve System Purposes and Functions

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Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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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.

The Impact of the Federal Reserve's Money Policies on the Economy

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Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis The Impact of the Federal Reserve's Money Policies on the Economy by : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy

Download or read book The Impact of the Federal Reserve's Money Policies on the Economy written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1976 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effectiveness of Fiscal Policy in Stimulating Economic Activity

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming

Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

Fiscal and Monetary Policies, Capital Formation and Economic Activity

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Author :
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Fiscal and Monetary Policies, Capital Formation and Economic Activity by : James Tobin

Download or read book Fiscal and Monetary Policies, Capital Formation and Economic Activity written by James Tobin and published by . This book was released on 1981 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Fiscal Policy on Economic Activity Over the Business Cycle - Evidence from a Threshold VAR Analysis

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Impact of Fiscal Policy on Economic Activity Over the Business Cycle - Evidence from a Threshold VAR Analysis by : Anja Baum

Download or read book The Impact of Fiscal Policy on Economic Activity Over the Business Cycle - Evidence from a Threshold VAR Analysis written by Anja Baum and published by . This book was released on 2016 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the state of the business cycle matter for the effects of fiscal policy shocks on GDP? This study analyses quarterly German data from 1976 to 2009 in a threshold SVAR, expanding the SVAR approach by Blanchard and Perotti (2002). In a linear benchmark SVAR, the analysis finds that hiking spending yields a short-term fiscal multiplier of around 0.70, while the fiscal multiplier resulting from an increase in taxes and social security contributions is -0.66. In addition, the threshold model derives fundamentally new insights on the effects of shocks, depending on when in the business cycle they occur, their size and their direction. Most importantly, fiscal spending multipliers are much larger in times of a negative output gap but have only a very limited effect in times of a positive output gap. Discretionary revenue policies, on the other hand, have a generally more limited impact. Our findings have important implications for the optimal fiscal policy mix over different stages of the business cycle. Various robustness checks, including a different threshold specification, do not influence these implications substantially.

Monetary Policy and Interest Rates

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Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9780333716472
Total Pages : 295 pages
Book Rating : 4.7/5 (164 download)

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Book Synopsis Monetary Policy and Interest Rates by : Riccardo Rovelli

Download or read book Monetary Policy and Interest Rates written by Riccardo Rovelli and published by Palgrave Macmillan. This book was released on 1998-09-14 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative examination for top international policymakers and academics conducting monetary policy arising from a conference organised by the Banca d'Italia. The yield curve - the relation among market interest rates of different maturities - is a key benchmark for evaluating investment strategies in the global financial market. To a growing extent, central banks use it to evaluate, explain to the public and monitor the results of policy decisions.

Inflation, Unemployment, and Monetary Policy

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Publisher : MIT Press
ISBN 13 : 9780262692229
Total Pages : 140 pages
Book Rating : 4.6/5 (922 download)

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Book Synopsis Inflation, Unemployment, and Monetary Policy by : Robert M. Solow

Download or read book Inflation, Unemployment, and Monetary Policy written by Robert M. Solow and published by MIT Press. This book was released on 1998 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.

Economic Policies since the Global Financial Crisis

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Publisher : Springer
ISBN 13 : 3319604597
Total Pages : 380 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Economic Policies since the Global Financial Crisis by : Philip Arestis

Download or read book Economic Policies since the Global Financial Crisis written by Philip Arestis and published by Springer. This book was released on 2017-10-04 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007–9. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour market policies.

Monetary Policy, Fiscal Policy, and Economic Activity

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Publisher : Gower Publishing Company, Limited
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Monetary Policy, Fiscal Policy, and Economic Activity by : Francesco Spinelli

Download or read book Monetary Policy, Fiscal Policy, and Economic Activity written by Francesco Spinelli and published by Gower Publishing Company, Limited. This book was released on 1983 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Standards for Guiding Monetary Action

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Publisher :
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Standards for Guiding Monetary Action by : United States. Congress. Joint Economic Committee

Download or read book Standards for Guiding Monetary Action written by United States. Congress. Joint Economic Committee and published by . This book was released on 1968 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines Federal Reserve System monetary policy, its relationship to Federal fiscal policy, time lags between recognizing and acting on money supply fluctuations, and general ability to manage U.S. money supply.

Economic Activities and the State

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Publisher : GRIN Verlag
ISBN 13 : 3656369313
Total Pages : 103 pages
Book Rating : 4.6/5 (563 download)

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Book Synopsis Economic Activities and the State by : Nicholas Sunday

Download or read book Economic Activities and the State written by Nicholas Sunday and published by GRIN Verlag. This book was released on 2013-02-07 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2013 in the subject Politics - Miscellaneous, St. Lawrence University (SCHOOL OF POSTGRADUATE STUDIES), language: English, abstract: The basic nature of any economy lies in the scarcity of its productive resources in relation to its want. Our wants are ever increasing and recurring while availability of resources for satisfying them lags behind. An economy is constantly engaged in the solution of this eternal problem of scarcity. It therefore, undertakes various activities where by the available supply of resources is augmented, existing supplies are utilized more effectively, and some additional objectives like stability, growth, and distribution etc are met with as fully as possible. The division of economic activities between public and private sectors of the economy should not be a haphazard one, but should be based upon relevant economic and socio-political objectives and within the constraints of the country’s institutional framework. Accordingly, in a capitalist economy the main task of providing goods and services is assigned to the private sector in which individual economic units are motivated by economic rationality and guided by the market mechanism in their decision making. The owners of factors of production are guided by the income which they earn in alternative employments, the investors are guided by the profitability of alternative investments; the consumers try to maximize their consumer surplus and so on. In a pure market economy, virtually all goods and services are supplied by the private firms for profit and all exchanges of goods and services takes place through markets, with prices determined by free interplay of supply and demand. Individuals would be able to purchase goods and services freely, according to their tastes and economic capacity( their income and wealth), given market determined prices.