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Monday, July 27, 2020 | History

2 edition of Fiscal policy interdependence and efficiency found in the catalog.

Fiscal policy interdependence and efficiency

Willem H. Buiter

Fiscal policy interdependence and efficiency

by Willem H. Buiter

  • 165 Want to read
  • 28 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • International economic integration -- Mathematical models.,
  • Fiscal policy -- Mathematical models.,
  • Capital movements -- Mathematical models.,
  • Debts, Public -- Mathematical models.

  • Edition Notes

    StatementWillem H. Buiter, Kenneth M. Kletzer.
    SeriesNBER working paper series -- working paper no. 3328, Working paper series (National Bureau of Economic Research) -- working paper no. 3328.
    ContributionsKletzer, Kenneth.
    The Physical Object
    Pagination50 p. ;
    Number of Pages50
    ID Numbers
    Open LibraryOL22438392M

    w Fiscal Policy Interdependence and Efficiency: Talvi and Vegh: w Tax Base Variability and Procyclical Fiscal Policy: Mendoza and Oviedo: w Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer: Aguiar and Amador: w Fiscal Policy in Debt Constrained Economies: Alesina and Tabellini. Fiscal policy, on the other hand, aims at influencing aggregate demand by altering tax- expenditure-debt programme of the government. The credit for using this kind of fiscal policy in the s goes to J.M. Keynes who discredited the monetary policy as a means of attaining some of the macro- economic goals—such as the goal of full employment.

    A book on - Fiscal Multipliers - Measure of Efficiency of The Fiscal Policy - The Case Of Macedonia (the theoretical foundations of fiscal multipliers, ways of measuring, dilemmas and challenges. Issues on Fiscal Policy Efficiency The macroeconomic relationship between fiscal policy and economic growth has long fascinated economists. Indeed, fiscal policy has been the major policy instrument for macroeconomic management. However, it has been found to be a clumsy instrument with its attendant delays in the start-up of investmentFile Size: KB.

    When the price of bread increases slightly and most consumers still buy the same amount of bread the market situation is an example of. Demand inelasticity. If the governments fiscal policy is designed to expand the economy, which action would congress be most likely to take. Increase government spending. impact on fiscal policy. 5. Fiscal policy requires efficient administrative machinery to be successful. Most developing economies have corrupt and inefficient administrations that fail to implement the requisite measures vis-à-vis the implementation of fiscal policy. Among the various tools of fiscal policy, the following are the most important:File Size: KB.


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Fiscal policy interdependence and efficiency by Willem H. Buiter Download PDF EPUB FB2

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.

Fiscal policy interdependence and efficiency. Cambridge, MA: National Bureau of Economic Research, [] (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Willem H Buiter; Kenneth.

This paper uses a two-country overlapping generations model to study the international transmission of fiscal policy among open interdependent economies under free international capital mobility.

With only lump-sum taxes and transfers, international. This paper uses a two-country overlapping generations model to study the 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.

Fiscal Policy Interdependence and Efficiency. It is established that systematic fiscal policy cooperation is productive for a wide range of parameter values that include those of the simple.

Fiscal Policy Interdependence and Efficiency. By Willem H Buiter and Kenneth Kletzer. Abstract. This paper uses a two-country overlapping generations model to study the international transmission of fiscal policy among open interdependent economies under free international capital mobility.

With only lump-sum taxes and transfers, international Author: Willem H Buiter and Kenneth Kletzer. interdependence Budget spillovers and fiscal policy H lland 1 Applebome (, p. by the AIDS Policy Center sounded an alarm that while 'California and New for analyses of non-Nash fiscal behavior of subnational 5 estimates the extent to Wh1Ch local school expenditures provide benefits to other communities via the migration of.

4 Fiscal policy thus pursues a similar goal to monetary policy. By creating favourable conditions for lasting and balanced economic growth, they both foster a prosperous society. The economic policy goals of monetary and fiscal policy are closely intertwined or even – overlapping.

Monetary Policy, Fiscal Policy, and the Efficiency of Our Financial System: Lessons from the Financial Crisis Benjamin M. Friedman William Joseph Maier Professor of Political Economy Harvard University Smith’s great book is replete with lessons he took away from The fiscal-monetary interdependence, we will argue, is therefore, particularly important for macroeconomic management in resource- dependent economies.

For example, the high volatility of oil economies would require a viable fiscal ‘shock absorber’ when less flexible exchange rate regimes. Get this from a library. Fiscal Policy Interdependence and Efficiency. [Willem H Buiter; Kenneth M Kletzer; National Bureau of Economic Research.] -- Abstract: international transmission of fiscal policy among open interdependent economies.

Abstract: under free international capital mobility. With only lump-sum taxes and. Abstract: transfers. Fiscal and monetary policy: interdependence and possible sources of tension Complete text. PDF. In some countries, the scope for fiscal policy action has recently come up against its limits.

This has raised expectations on monetary policy to do something to stabilise the economy and the financial markets. Swiss economic policy stands.

This paper tests the semi-strong form of the Efficient Market Hypothesis (EMH) with respect to anticipated and unanticipated monetary and fiscal variables. Using lagged values of these estimates it was found that the hypothesis holds for both types of policy by: Fiscal Policy Interdependence and Efficiency By Willem H.

Buiter and Kenneth M. Kletzer Download PDF (2 MB)Author: Willem H. Buiter and Kenneth M. Kletzer. The book explores whether fiscal policies can secure full employment without inflation, one of the key questions in economics after Keynes.

Part 1, General Theory of Public Finance and Fiscal Policy, discusses Ends and Means in economic policy. The results of this ends-means analysis are applied to fiscal policy.

Part 2, Microeconomics, deals with the impact of fiscal measures on the behaviour. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality.

Fiscal policy is the government's most powerful tool for addressing by: 5. This paper highlights that international flows of capital can promote global economic efficiency and can allow countries with balance-of-payments deficits to strike the right balance between reducing their deficits and financing them.

The IMF's evolution into an effective international organization is largely attributable to its ability to adapt its activities, policies, policymaking bodies. Publisher Summary. This chapter discusses the economic role of government.

One of the essential characteristics of the price mechanism is the interdependence of prices, and it is indeed an economic truism that everything depends on everything else. A change in the price of one good has its effect on prices of related goods.

Purchase Handbook of Monetary Economics, Volume 3B - 1st Edition. Print Book & E-Book. ISBNGet Textbooks on Google Play. Rent and save from the world's largest eBookstore. Read, highlight, and take notes, across web, tablet, and phone.

When a fiscal authority (e.g., the Treasury Department) evaluates how to finance its obligations with taxes and debt, it takes into account its expectations about future monetary policy.

In particular, issuing more debt today may induce the central bank to increase inflation tomorrow, which would make the new debt less financially burdensome."Vertical income tax externalities and fiscal interdependence: evidence from the US," ZEW Discussion PapersZEW - Leibniz Centre for European Economic Research.

Wildasin, David E., " Nash equilibria in models of fiscal competition," Journal of Public Economics. Fiscal Policy Statement 3 - Realization of low cost foreign borrowings to finance fiscal deficit and reduce the burden of debt servicing; - Rationalization of current expenditure to improve efficiency; and - Enhancement of efficiency of the tax machinery by removing anomalies and distortions in the current tax Size: KB.