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Fiscal Policy Through Time-Varying Tax Rates : If and How

Kaufman, Martin David - 2000

This paper investigates if there are circumstances where time-varying tax rates could improve welfare and whether such policy can effectively be implemented in practice. While, in principle, variable taxes could improve welfare in some cases, the paper highlights the very particular...

Persistent link: https://www.econbiz.de/10014400096

The Impact of Fiscal Policy Variableson Output Growth

Gerson, Philip R. - 1998

This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure … and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and … productivity of labor and physical capital. Studies suggest that well-targeted government expenditures on health, education, and …

Persistent link: https://www.econbiz.de/10014400103

Is Fiscal Policy Coordination in EMU Desirable?

Beetsma, Roel M. W. J. - 2001

It is widely argued that Europe''s unified monetary policy calls for international coordination at the fiscal level. We survey the issues involved in such coordination in the perspective of macroeconomic stabilization. A simple model identifies the circumstances under which coordination may be...

Persistent link: https://www.econbiz.de/10014400111

The Discipline-Enhancing Role of Fiscal Institutions : Theory and Empirical Evidence

Debrun, Xavier - 2007

This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a...

Persistent link: https://www.econbiz.de/10014400124

Precautionary Monetary and Fiscal Policies

Berkmen, Pelin - 2007

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of...

Persistent link: https://www.econbiz.de/10014400136

Assessing Fiscal Sustainability : A Cross Country Comparison

Croce, Enzo - 2003

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP …

Persistent link: https://www.econbiz.de/10014400141

Stabilization, Debt, and Fiscal Policy in the Caribbean

Sahay, Ratna - 2005

largely due to a sharp increase in expenditures rather than a fall in revenues. With the countries of the region now …

Persistent link: https://www.econbiz.de/10014400150

Making Fiscal Space Happen : Managing Fiscal Policy in a World of Scaled-Up Aid

Debrun, Xavier - 2006

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and...

Persistent link: https://www.econbiz.de/10014400182

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Rochon, Céline - 2006

In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and banks failures are generated through...

Persistent link: https://www.econbiz.de/10014400185

Fiscal Management of Scaled-Up Aid

Gupta, Sanjeev - 2007

-term view of potential resource availability and spending plans. There is merit in smoothing expenditures over time so that all …

Persistent link: https://www.econbiz.de/10014400212