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US presidential election 2024 : a comparison of fiscal policies proposed by leading candidates for US president

McBride, William D.; York, Erica - In: econPol Forum : a bi-monthly journal on European … 25 (2024) 5, pp. 18-21

the federal debt Vice President Kamala Harris supports increasing taxes on high earners and corporations while … fall short of paying for the tax cuts Rather than addressing the projected debt burden, which is unprecedented and … unsustainable, both candidates' plans are likely to worsen the US debt trajectory and create a drag on economic growth …

Persistent link: https://www.econbiz.de/10015071053

The central bank, the treasury, or the market : which one determines the price level?

Barthélémy, Jean; Mengus, Eric; Plantin, Guillaume - In: Journal of economic theory : JET 220 (2024), pp. 1-19

Persistent link: https://www.econbiz.de/10015071098

Fiscal income inequalities and efficiency : evidence from Brazilian municipalities : ERSA 2012 Congress, from 21 to 25 August, Bratislava, Slovak Republic

Furtado, Bernardo Alves - 2012

Distribution of fiscal income among municipalities - which are constitutionally federal official entities in Brazil - is highly unequal. Given conurbation processes and intense urbanization in the second half of the past century, some municipalities concentrate resources and quality public...

Persistent link: https://www.econbiz.de/10011509225

Fiscal devolution and dependency

Foreman-Peck, James S.; Lungu, Laurian - 2005

Public spending devolution in practice is widely seen as more appropriate for addressing varied political aspirations within state boundaries than is tax devolution. A drawback is that devolved public spending may be subject to irresistible upward pressure, as illustrated by 'formula drift' of...

Persistent link: https://www.econbiz.de/10011517047

Optimal fiscal substitutes for the exchange rate in a monetary union

Kaufmann, Christoph - 2016

This paper studies Ramsey-optimal monetary and fiscal policy in a New Keynesian 2-country open economy framework, which is used to assess how far fiscal policy can substitute for the role of nominal exchange rates within a monetary union. Giving up exchange rate flexibility leads to welfare...

Persistent link: https://www.econbiz.de/10011561923

Endogenous growth through government policy

Ghate, Chetan; Zak, Paul J. - 2000

This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth under a constant returns to scale production technology, absent externalities. Based on the dynamics induced by various policy choices, we demonstrate that policies that...

Persistent link: https://www.econbiz.de/10011566456

Potential output and fiscal rules in a monetary union under asymmetric information - 2nd ed

Marattin, Luigi; Meraglia, Simone - 2016 - 2nd edition

We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...

Persistent link: https://www.econbiz.de/10011705510

Debt sustainability and economic convergence of euro-area Member States : challenges and solutions

Manasse, Paolo - 2015

current fiscal framework has addressed debt sustainability concerns, but has imparted a pro-cyclical bias, which has …

Persistent link: https://www.econbiz.de/10011714062

GMM estimation of fiscal rules : Monte Carlo experiments and empirical tests

Mammi, Irene - 2015

This paper focuses on the estimation of fiscal response functions for advanced economies and on the performance of alternative specifications of the Generalized Method of Moments (GMM) estimator for the rule's parameters. We first estimate the parameters on simulated data through Monte Carlo...

Persistent link: https://www.econbiz.de/10011714222

Potential output and fiscal rules in a monetary union under asymmetric information

Marattin, Luigi; Meraglia, Simone - 2015

states' ability to repay its own debt upon the realization of a bad shock is sufficiently high. A downward distortion in the …

Persistent link: https://www.econbiz.de/10011714310