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Populist fiscal policy
Khemani, Stuti - 2008
groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments …-that of populist pressure on political parties to spend more on the general public good, financed by costly income taxation …
Persistent link: https://www.econbiz.de/10010520997
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Costs of taxation and the benefits of public goods : the role of income effects
Martin, Will - 2005
either compensated or uncompensated measures of the marginal cost of funds can be used to evaluate the costs of taxation …
Persistent link: https://www.econbiz.de/10010522500
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Are all the sacred cows dead? : Implications of the financial crisis for macro and financial policies
Demirgüç-Kunt, Aslı - 2009
"The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
Persistent link: https://www.econbiz.de/10011394101
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Refinements to the probabilistic approach to fiscal sustainability analysis
Frank, Nathaniel - 2008
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...
Persistent link: https://www.econbiz.de/10010521050
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The quality of fiscal adjustment and the long-run growth impact of fiscal policy in Brazil
Blanco, Fernando - 2006
output with respect to capital stocks, a significant negative impact of taxation on long-run GDP, and a negative impact of …-run impact of government expenditure composition and taxation. They analyze the use of the primary balance as a policy tool … interaction between public expenditure composition and taxation on growth. Similar results are obtained: large elasticities of …
Persistent link: https://www.econbiz.de/10010522058
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Incentives for public investment under fiscal rules
Mintz, Jack M. - 2006
limit deficits to a fixed portion of GDP or to balance budgets could undermine incentives to invest in public capital with … long-run returns since politicians concerned about electoral prospects would favor expenditures providing immediate … benefits to their voters. An alternative budgetary approach is to separate capital from current revenues and expenditures and …
Persistent link: https://www.econbiz.de/10010522200
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Fiscal responsibility legislation and fiscal adjustment : the case of Brazilian local governments
Mello, Luiz de - 2006
"This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal...
Persistent link: https://www.econbiz.de/10010522248
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Disinflation, fiscal sustainability, and labor market adjustment in Turkey
Agénor, Pierre-Richard - 2006
"This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The model on which the analysis is based accounts for rural-urban migration, a large urban informal sector, flexible exchange rates, a dollarized banking system, and interactions...
Persistent link: https://www.econbiz.de/10010522256
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Fiscal decentralization and fiscal performance
Shah, Anwar - 2005
"A resurgence of recent interest in fiscal federalism has been a source of concern among macroeconomic stabilization experts. They argue that a decentralized fiscal system poses a threat to macroeconomic stability as it is incompatible with prudent monetary and fiscal management. The author...
Persistent link: https://www.econbiz.de/10010522414
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Fiscal space for investment in infrastructure in Colombia
Suescun, Rodrigo - 2005
"For the evaluation of macroeconomic policies Colombian authorities rely heavily, if not exclusively, on the operational framework known as the Financial Programming Model developed by the International Monetary Fund in the 1950s. Based on this static framework, the formulation of fiscal policy...
Persistent link: https://www.econbiz.de/10010522571