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This paper examines the effects of government spending under both lump-sum and income tax regimes. Under a lump-sum tax financing scheme, an increase in government spending induces a rise in the real interest rate and causes labor effort and real output to increase because of the income effect....
Persistent link: https://www.econbiz.de/10005063833
This article studies the impact on aggregate economic activity of increases in defense purchases which are unrelated to other developments in the economy. The authors use empirical evidence to evaluate the predictions of several prominent models.
Persistent link: https://www.econbiz.de/10005499174
-state monetary policy would support counter-cyclical, debt-free vertical money creation through the public sector, in ways that …. A steady-state fiscal policy would prioritize targeted public goods investments, taxation of ecological “bads” and … asset trusts, to regulate throughput, and a public monetary trust, to strictly regulate money supply. …
Persistent link: https://www.econbiz.de/10011030294
Persistent link: https://www.econbiz.de/10005401921
1993 Annual Report essay
Persistent link: https://www.econbiz.de/10005372644
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010551225
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724962
This paper presents a simple general equilibrium model of optimal taxation in which both private agents and the government can default on their debt. As a benchmark we consider Ramsey equilibria in which the government can precommit to its policies at the beginning of time, but in which private...
Persistent link: https://www.econbiz.de/10005498565
ILO pub-WEP pub. Working paper on econometric modelling of labour markets for human resources planning in Central America - describes macroeconomics economic models of Guatemala, Venezuela and Brazil covering employment, the informal sector, labour market segmentation and underemployment;...
Persistent link: https://www.econbiz.de/10010966783
planning in Latin America - based on an economic model, discusses the role of economic policy, public investment and wage …
Persistent link: https://www.econbiz.de/10010966912