Showing 1 - 10 of 3,877
Persistent link: https://www.econbiz.de/10000537471
This paper finds that debt-financed government spending multipliers vary considerably depending on the location of the debt buyer. In a sample of 33 countries, we find that government spending multipliers are larger when government purchases are financed by issuing debt to foreign investors...
Persistent link: https://www.econbiz.de/10011878651
nations. We analyse how gains from lowering import tariffs are distributed within the firm and the corresponding tax (base … insufficient expansion of alternative tax bases (profits, sales, and wages) after a tariff cut. This limits the government …
Persistent link: https://www.econbiz.de/10014525777
According to standard economic theory, fiscal policy should be counter-cyclical. In the neoclassical smoothing model of Barro (1979), a government should optimally run surpluses in good times and deficits in bad times. That is the same a government should do, though for different reasons, in the...
Persistent link: https://www.econbiz.de/10013067020
This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) cyclical fiscal...
Persistent link: https://www.econbiz.de/10013316549
and Muir 2007). In particular, she examines the global macroeconomic implications of the expiration of major tax cuts in … that the expiration of previously enacted tax cuts in the United States will impose short-run costs on the U.S. economy … redistribution of wealth linked to a partial reversal of global current account imbalances as U.S. government debt declines. The …
Persistent link: https://www.econbiz.de/10010289667
and Muir 2007). In particular, she examines the global macroeconomic implications of the expiration of major tax cuts in … that the expiration of previously enacted tax cuts in the United States will impose short-run costs on the U.S. economy … redistribution of wealth linked to a partial reversal of global current account imbalances as U.S. government debt declines. The …
Persistent link: https://www.econbiz.de/10003727267
Persistent link: https://www.econbiz.de/10012231271
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
spending, loans, and credit facilities, refinancing schemes, swap agreement, discount loan window, tax cut on credit, short …
Persistent link: https://www.econbiz.de/10012834040