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Diskretionäre Fiskalpolitik: Pro und Kontra
Frick, Andres; Graff, Michael; Hartwig, Jochen; … - 2009
Persistent link: https://www.econbiz.de/10010280852
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Automatic fiscal stabilizers in Sweden 1998 - 2009
Flodén, Martin - 2009
In this note, I examine how the responsiveness of the Swedish public budget to business-cycle conditions has developed between 1998 and 2009. I document substantial changes in three components behind the budget elasticity: (i) the average level of personal income taxes has fallen substantially,...
Persistent link: https://www.econbiz.de/10010281213
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Qual der Wahl? Finanzpolitik zwischen Konsolidierung und Konjunkturstabilisierung
Heilemann, Ullrich; Wappler, Stefan; Quaas, Georg; … - In: Wirtschaftsdienst 88 (2008) 9, pp. 586-593
Einige Ökonomen und Politiker fordern, den aktuellen wirtschaftlichen Abschwung in Deutschland durch ein Konjunkturprogramm zu dämpfen. In der Regel werden Steuererleichterungen, eine Senkung der Sozialabgaben oder eine Erhöhung der öffentlichen Investitionen vorgeschlagen. Welche Wirkungen...
Persistent link: https://www.econbiz.de/10010283155
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The Political Setting of Social Security Contributions in Europe in the Business Cycle
Pusch, Toralf; Kumpmann, Ingmar - 2011
Social security revenues are influenced by business cycle movements. In order to support the working of automatic stabilizers it would be necessary to calculate social insurance contribution rates independently from the state of the business cycle. This paper investigates whether European...
Persistent link: https://www.econbiz.de/10010285510
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Die konjunkturelle Ausrichtung der Schweizer Finanzpolitik im internationalen Vergleich: Ex-Ante- vs. Ex-Post-Betrachtung
Lampart, Daniel - 2005
- und Ausgabenpolitik zu machen, hat die Schweizer Finanzpolitik in der Vergangenheit die Konjunkturentwicklung immer wieder … verstärkt. In der vorliegenden Studie wird die konjunkturelle Ausrichtung der Schweizer Finanzpolitik im internationalen … Finanzpolitik ex post oder ex ante betrachtet wird, fällt die Schweiz durch eine prozyklische Ausrichtung auf. Politökonomische …
Persistent link: https://www.econbiz.de/10010285883
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Fiscal consolidation in America: The policy options
Altshuler, Rosanne; Bosworth, Barry - 2011
This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....
Persistent link: https://www.econbiz.de/10010286962
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De facto fiscal space and fiscal stimulus: Definition and assessment
Aizenman, Joshua; Jinjarak, Yothin - 2010
We define the notion of 'de facto fiscal space' of a country as the outstanding public debt relative to the de facto tax base, where the latter measures the realized tax collection, averaged across several years to smooth for business cycle fluctuations. We apply this concept to account for the...
Persistent link: https://www.econbiz.de/10010287767
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Financial sector ups and downs and the real sector: Big hindrance, little help
Aizenman, Joshua; Pinto, Brian; Sushko, Vladyslav - 2011
We examine how financial expansion and contraction cycles affect the broader economy through their impact on 8 real economic sectors in a panel of 28 countries over 1960-2005, paying particular attention to large, or sharp, contractions and magnifying and mitigating factors. Overall, the...
Persistent link: https://www.econbiz.de/10010288126
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De facto fiscal space and fiscal stimulus: Definition and assessment
Aizenman, Joshua; Jinjarak, Yothin - 2010
We define the notion of 'de facto fiscal space' of a country as the inverse of the outstanding public debt relative to the de facto tax base, where the latter measures the realized tax collection, averaged across several years to smooth for business cycle fluctuations. We apply this concept to...
Persistent link: https://www.econbiz.de/10010288141
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Power of many: Assessing the economic impact of the global fiscal stimulus
De Resende, Carlos; Lalonde, René; Snudden, Stephen - 2010
The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The BoC-GEM is a microfounded dynamic stochastic general-equilibrium global model with six regions, multiple sectors, and...
Persistent link: https://www.econbiz.de/10010289704