Results 301 to 310 of about 93,633 (316)
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SSRN Electronic Journal, 2020
We investigate the impact of macroeconomic uncertainty on the stimulative effect of government spending. Using historical macroeconomic time series, we show that government spending multipliers are smaller in episodes characterized by high macroeconomic uncertainty.
Sam Jerow, Jonathan Wolff
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We investigate the impact of macroeconomic uncertainty on the stimulative effect of government spending. Using historical macroeconomic time series, we show that government spending multipliers are smaller in episodes characterized by high macroeconomic uncertainty.
Sam Jerow, Jonathan Wolff
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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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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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Fiscal regimes and fiscal policies
2016Active and passive fiscal policies Fiscal policy has changed radically since the 1960s and 1970s when it tried to micro-manage, if not fine-tune, all aggregate demand and assumed an accommodating monetary policy; and it changed from the 1980s when it was passive, but was used to strengthen the economy's supply-side responses while monetary policies ...
Giovanni Di Bartolomeo +2 more
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Fiscal Policy and Fiscal Reform
2015This chapter examines the role of fiscal policies and fiscal institutions. In the boom years, fiscal balances were, in underlying terms, much worse than the headline figures suggested, because fiscal revenues were flattered by unsustainably high domestic demand and incomes.
Max Watson +3 more
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The Journal of Finance, 1965
SINCE THE END of World War II, Federal fiscal policy has been regarded as one of the Government's primary tools for promoting high-level employment and economic growth. On a theoretical level, the economic impact of over-all fiscal policy, as well as of particular fiscal measures, has been explored under a wide variety of assumptions.
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SINCE THE END of World War II, Federal fiscal policy has been regarded as one of the Government's primary tools for promoting high-level employment and economic growth. On a theoretical level, the economic impact of over-all fiscal policy, as well as of particular fiscal measures, has been explored under a wide variety of assumptions.
openaire +2 more sources