Narrow search
Showing 1 - 10 of 81
Cover Image
Why Do Fiscal Multipliers Depend on Fiscal Positions?
Huidrom, Raju - 2019
reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal …
Persistent link: https://www.econbiz.de/10012889900
Cover Image
Do Fiscal Multipliers Depend on Fiscal Positions?
Huidrom, Raju - 2017
Ricardian channel through which households reduce consumption in anticipation of future fiscal adjustments …
Persistent link: https://www.econbiz.de/10012968730
Cover Image
Coordinating Public Debt Management with Fiscal and Monetary Policies : An Analytical Framework
Togo, Eriko - 2007
This paper proposes a sovereign asset and liability management framework for analyzing the inter-relationships between debt management, fiscal and monetary policies. It illustrates the consequences of uncoordinated policy mix and extends Sargent and Wallace (1981 and 1993) by including debt...
Persistent link: https://www.econbiz.de/10012775523
Cover Image
Why Some Countries Can Escape the Fiscal Pro-Cyclicality Trap and Others Cannot?
Herrera, Santiago - 2019
This paper analyzes the procyclicality of fiscal policy on the tax and spending sides in a sample of 116 developing countries between 2000 and 2016. About 20 percent of the countries in the sample switched from procyclical to countercyclical policy stance. In Sub-Saharan Africa, 30 of 39...
Persistent link: https://www.econbiz.de/10012865086
Cover Image
How Small Should an Economy's Fiscal Deficit Be? - a Monetary Programming Approach
Beckerman, Paul - 2017
The author describes a spread-sheet planning model to help determine the government deficit consistent with a policymaker's "vector" of principal macroeconomic objectives (including real GDP growth, inflation, exchange rate, and international reserve accumulation). The model focuses on the...
Persistent link: https://www.econbiz.de/10012971024
Cover Image
The 2014-16 Oil Price Collapse in Retrospect : Sources and Implications
Stocker, Marc - 2018
With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil...
Persistent link: https://www.econbiz.de/10012920304
Cover Image
When is the Government Transfer Multiplier Large?
Pennings, Steven Michael - 2017
Transfers to individuals were a larger part of the 2009 U.S. stimulus package than government purchases. Using a two-agent New Keynesian model, this paper shows analytically that the multiplier on targeted transfers to financially constrained households is (i) larger than the purchase multiplier...
Persistent link: https://www.econbiz.de/10012948280
Cover Image
Diamonds are Not Forever : Botswana Medium-Term Fiscal Sustainability
Kojo, Naoko C. - 2010
This paper analyzes Botswana's medium-term fiscal sustainability in view of the expected depletion of diamonds in the future. The analysis shows that in the absence of policy adjustments, Botswana's current fiscal policy strategy is unsustainable over the longer term, which could endanger...
Persistent link: https://www.econbiz.de/10013135944
Cover Image
Consumption Smoothing and Shock Persistence : Optimal Simple Fiscal Rules for Commodity Exporters
Galego Mendes, Arthur - 2017
A common criticism of balanced budget fiscal rules is that they increase the consumption volatility of financially … constrained households who are unable to smooth consumption. This paper evaluates the welfare consequences of simple fiscal rules … to perfectly smooth constrained households? consumption without adversely affecting unconstrained households …
Persistent link: https://www.econbiz.de/10012957780
Cover Image
Cyclicality of Fiscal Policy in Sub-Saharan Africa : Magnitude and Evolution
Calderón, César - 2019
the cyclical properties of real government consumption in the region with those in other developing regions and high … finds that government consumption is procyclical in Sub-Saharan African countries, more so than in other regions, and that … evidence does not suggest that resource wealth or fragility increases the procyclicality of government consumption in Sub …
Persistent link: https://www.econbiz.de/10012901508