Showing 1 - 10 of 1,262
Persistent link: https://www.econbiz.de/10014630870
Purpose – The purpose of this paper is to study the role of public and private imbalances in the cyclicality of the current account balance in a sample of advanced and developing countries. Within developing countries, the evidence does not establish the dependency of private investment on...
Persistent link: https://www.econbiz.de/10014768798
Abstract The worldwide growth slowdown after 1975 was a major negative fiscal shock; lower growth lowers the present value of tax revenues and primary surpluses and thus makes a given level of debt more burdensome. Most countries failed to adjust to the negative fiscal consequences of the growth...
Persistent link: https://www.econbiz.de/10014588422
India and similar emerging economies at present. Design/methodology/approach – This paper uses analytical arguments from … representative of the population need to be explored. Practical implications – Monetary policy in India (and similar emerging … model presented in this paper explains the sustained divergence in India, in recent years, between the CPI versus the GDP …
Persistent link: https://www.econbiz.de/10014758949
in inflation in India, as well as in inflation expectations, a discussion of the role of monetary policy is needed. This … reactions to macroeconomic news. Findings – The authors documented the unhinging of inflation expectations in India in the … framework of the Reserve Bank of India would benefit from further evolution in the direction of a precisely defined and …
Persistent link: https://www.econbiz.de/10014758954
Abstract This paper studies the issue of price stability in a continuous time optimizing general equilibrium model with overlapping generations. It is shown that fiscal policy has effects on nominal variables. Fiscal expansions are inflationary even when the government intertemporal budget...
Persistent link: https://www.econbiz.de/10014588385
Abstract The paper analyzes the question why the U.S. economy in the 2000:4--2004:3 period was sluggish in light of the large expansionary fiscal and monetary policies that took place. The answer does not appear to be that there were large structural changes in the economy or systematic bad...
Persistent link: https://www.econbiz.de/10014588398
Abstract The decision to invest in human capital is introduced into a home production economy with fiscal policy distortions where balanced growth is achieved through Harrod-neutral, labor-augmenting technology spillovers into home production. In comparison with home production economies that...
Persistent link: https://www.econbiz.de/10014588424
Through direct democracy, California voters pass local and state initiative measures, assuming the role of the legislature and many times mandating how government should act or spend funds. But are voters really getting what they want through the initiative process? Initiatives known as...
Persistent link: https://www.econbiz.de/10014589767
This report examines Idaho state budgeting during 2009 and 2010. After first describing Idaho’s people, politics, and budgeting process, it discusses the economic and General Fund revenue situations facing the state. The paper considers adjustments for FY 2010 proposed by Governor Otter and...
Persistent link: https://www.econbiz.de/10014589834