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The Case for Fiscal Policy [PDF]
SSRN Electronic Journal, 2003 The case for fiscal policy and for governments to manipulate on their budgets as appropriate with the specific objective of achieving high levels of employment arises from Kaleckian and Keynesian propositions. Put simply, the latter argue that no market mechanisms are in place to ensure that the level of aggregate demand is sufficient for high levels ...
Philip Arestis, Malcolm Sawyer
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Fiscal Policy for the Crisis [PDF]
IMF Staff Position Notes, 2009 The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy. The
Antonio Spilimbergo +3 more
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Fiscal policy and corruption [PDF]
Social Choice and Welfare, 2015 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Bernard Gauthier, Jonathan Goyette
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Journal of Public Economics, 2002
Abstract This paper explores on a panel of 19 OECD countries the role of fragmentation in determining fiscal outcomes over the 1970–95 period. We first define the notion of fragmentation of fiscal policy-making as the degree to which the costs of a dollar of aggregate expenditure are internalized by individual decision-makers.
PEROTTI, Roberto, KONTOPOULOS, Y.
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Abstract This paper explores on a panel of 19 OECD countries the role of fragmentation in determining fiscal outcomes over the 1970–95 period. We first define the notion of fragmentation of fiscal policy-making as the degree to which the costs of a dollar of aggregate expenditure are internalized by individual decision-makers.
PEROTTI, Roberto, KONTOPOULOS, Y.
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The Economists' Voice, 2014
Abstract Monetary policy is altered once a month. Fiscal policy is altered once a year. As a potential improvement this article examines the use of feedback control rules for fiscal policy that is altered quarterly. Following the work of Blinder and Orszag, modifications are discussed in Congressional practice and institutions that ...
Kendrick, D.A., Amman, H.M.
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Abstract Monetary policy is altered once a month. Fiscal policy is altered once a year. As a potential improvement this article examines the use of feedback control rules for fiscal policy that is altered quarterly. Following the work of Blinder and Orszag, modifications are discussed in Congressional practice and institutions that ...
Kendrick, D.A., Amman, H.M.
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Japanese fiscal reform: fiscal reconstruction and fiscal policy [PDF]
Japan and the World Economy, 2001 This paper evaluates the recent movement of Japanese fiscal reform. We first summarize fiscal policy in 1990s. Then, we investigate several relevant topics of fiscal policy such as the macroeconomic impact of government debt and the sustainability problem.
Toshihiro Ihori +2 more
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Theories of Fiscal Policies and Fiscal Policies in the EMU
2007Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis.
Anthony J. Laramie, Douglas Mair
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Fiscal Policy: Fiscal Policy in a Developing Country
1964The bibliographical note appended to the last chapter in W. A. Lewis’ The Theory of Economic Growth ends with the following sentence: ‘There is regrettably very little theoretical discussion of the fiscal problems of underdeveloped countries’.2 There is ample reason for this deficiency, which has not disappeared since Lewis’ book was first published ...
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