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The Cyclically Adjusted Budget : History and Exegesis of a Fateful Estimate
Costantini, Orsola - 2017
This paper traces the evolution of the concept of the cyclically adjusted budget from the 1930s to the present. The … idea of balancing the budget over the cycle was first conceived in Sweden in the 1930s by the economists of the Stockholm …
Persistent link: https://www.econbiz.de/10012970752
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How Do Laffer Curves Differ Across Countries?
Trabandt, Mathias - 2012
We seek to understand how Laffer curves differ across countries in the U.S. and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...
Persistent link: https://www.econbiz.de/10013105927
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How Do Laffer Curves Differ Across Countries?
Trabandt, Mathias - 2012
We seek to understand how Laffer curves differ across countries in the US and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...
Persistent link: https://www.econbiz.de/10013110654
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Fallacy of Fiscal Discipline : Spirit of MMT Through Mathematical Analysis
Tanaka, Yasuhito - 2021
budget constraint, and equilibrium of supply and demand of good, under perfect competition with constant returns to scale … due to technological progress, we will show the following results. The budget deficit equals the increase in people …'s savings (net of pay-as-you-go pensions), and the accumulated amount of the budget deficit equals their savings. The budget …
Persistent link: https://www.econbiz.de/10013215145
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Indonesia's fiscal capacity and burden-sharing scheme : a new insight from handling COVID-19
Buhaerah, Pihri; Firdaus, Nur - 2023
budget deficit. Although the government has addressed this issue through a burden-sharing scheme with the Central Bank, the … household budget analogy by arguing that fiscal deficit is not evidence of overspending. Also, it is argued that the burden … monetary operation. Hence, if the role of the central bank is not isolated in macroeconomic analysis, the government budget is …
Persistent link: https://www.econbiz.de/10014313477
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The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe
Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
expansion. This policy mix leads to an improvement in the budget balance in all the EU15 countries, suggesting that expansionary …
Persistent link: https://www.econbiz.de/10011924544
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The Treasury and the New Cambridge School in the 1970s
Maloney, John - 2010
With the release of Treasury papers from the 1970s under the 30-year rule we have a much more complete picture of the dispute in the 1970s between the Treasury and the Cambridge Economic Policy Group, especially given the role of three Cambridge economists. Nicholas Kaldor, Wynne Godley and...
Persistent link: https://www.econbiz.de/10008664145
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Can Treasury Markets Add and Subtract?
Cram, Roberto Gómez; Kung, Howard; Lustig, Hanno - National Bureau of Economic Research - 2025
Treasury markets respond to the news in CBO cost estimates of individual bills about the future funding requirements from pending legislation. Treasury yields increase on days with major deficit-increasing bills, driven by an increase in expected inflation and nominal term premia, along with a...
Persistent link: https://www.econbiz.de/10015361480
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Populists and fiscal policy : the case of Poland
Wysocki, Maciej; Wójcik, Cezary; Freytag, Andreas - 2022
launched one of the biggest social programs in Europe which resulted in sharp increase in political support for the government …
Persistent link: https://www.econbiz.de/10013471905
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Populists and fiscal policy : the case of Poland
Wysocki, Maciej; Wójcik, Cezary; Freytag, Andreas - 2022
launched one of the biggest social programs in Europe which resulted in sharp increase in political support for the government …
Persistent link: https://www.econbiz.de/10013472411