Fundamental Determinants of the Effects of Fiscal Policy /
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| Author / Creator: | Kumar, Manmohan S. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, 2006. |
| Description: | 1 online resource (46 pages) |
| Language: | English |
| Series: | IMF Working Papers, 2227-8885 ; Working Paper No. 06/72 IMF Working Papers ; Working Paper no. 06/72. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/14153799 |
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| 100 | 1 | |a Kumar, Manmohan S. | |
| 245 | 1 | 0 | |a Fundamental Determinants of the Effects of Fiscal Policy / |c Kumar, Manmohan S. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2006. | ||
| 300 | |a 1 online resource (46 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 2227-8885 ; |v Working Paper No. 06/72 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | 3 | |a We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the elasticity of labor supply, as well as the characteristics of utility and production functions, and the degree of competition are all critical for determining the impact of fiscal policy. Four topical fiscal policy issues, for a representative large and small economy, are examined: the effects of changes in government debt; higher government spending; tax reform; and privatization of retirement savings. | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. KEY FEATURES OF THE GLOBAL FISCAL MODEL -- III. CALIBRATING THE MODEL -- IV. THE MACROECONOMIC EFFECTS OF GOVERNMENT DEBT -- V. GOVERNMENT SPENDING SHOCKS AND PRIVATE CONSUMPTION -- VI. TAX DISTORTIONS AND THE BENEFITS OF TAX REFORM -- VII. THE EFFECTS OF PRIVATIZING RETIREMENT SAVING -- VIII. CONCLUDING REMARKS -- References | |
| 650 | 0 | |a Fiscal policy |x Econometric models. | |
| 650 | 0 | |a Economic policy |x Econometric models. | |
| 650 | 6 | |a Politique fiscale |x Modèles économétriques. | |
| 650 | 6 | |a Politique économique |x Modèles économétriques. | |
| 650 | 7 | |a Economic policy |x Econometric models |2 fast | |
| 650 | 7 | |a Fiscal policy |x Econometric models |2 fast | |
| 700 | 1 | |a Botman, Dennis P. J. | |
| 700 | 1 | |a Kumar, Manmohan S. | |
| 710 | 2 | |a International Monetary Fund. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 758 | |i has work: |a Fundamental determinants of the effects of fiscal policy (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGJbJQyy9wPFp6j4vwptXb |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 830 | 0 | |a IMF Working Papers ; |v Working Paper no. 06/72. | |
| 856 | 4 | 0 | |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2006&issue=072 |y INTERNATIONAL MONETARY FUND |
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