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Fiscal Balance During Inflation, Disinflation, and Immigration

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Release : 1996-04-01
Genre : Business & Economics
Kind : eBook
Book Rating : 312/5 ( reviews)

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Book Synopsis Fiscal Balance During Inflation, Disinflation, and Immigration by : Efraim Sadka

Download or read book Fiscal Balance During Inflation, Disinflation, and Immigration written by Efraim Sadka. This book was released on 1996-04-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides an overview of the role of the fiscal imbalances and the ensuing public debt in explaining major episodes in Israel’s recent economic developments. The main conclusions from the Israeli budgetary developments may have more general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive labor inflow through immigration, can be absorbed without worsening government finances, when the labor and the housing markets are sufficiently flexible.

Fiscal Balance During Inflation, Disinflation, and Immigration

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Author :
Release : 1996
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Fiscal Balance During Inflation, Disinflation, and Immigration by :

Download or read book Fiscal Balance During Inflation, Disinflation, and Immigration written by . This book was released on 1996. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Dimensions of Public Finance

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Release : 2002-09-11
Genre : Business & Economics
Kind : eBook
Book Rating : 850/5 ( reviews)

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Book Synopsis Macroeconomic Dimensions of Public Finance by : Mario Blejer

Download or read book Macroeconomic Dimensions of Public Finance written by Mario Blejer. This book was released on 2002-09-11. Available in PDF, EPUB and Kindle. Book excerpt: There is no magic formula for balancing fiscal policy and economic performance. As a scholar and policy advisor, Vito Tanzi has made a major contribution to identifying links between public finance and macro and microeconomic consequences. His findings bear relevance in both developing and industrialized economies. The essays in this volume and its companion, Fiscal Policy and Economic Reform, highlight many of these interconnected issues, for instance: * the interaction between budgetary policy and economic aggregates, such as employment, inflation and growth * the implication of economic linkages for designing fiscal policies * expenditure policies and alternative deficit financing strategies * the trade-offs between macro- and microeconomic objectives The list of contributors includes Max Corden, John Makin, Ronald McKinnon and Richard Musgrave.

Trade and Tax Policy, Inflation and Exchange Rates

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Release : 2012-12-06
Genre : Business & Economics
Kind : eBook
Book Rating : 469/5 ( reviews)

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Book Synopsis Trade and Tax Policy, Inflation and Exchange Rates by : Assaf Razin

Download or read book Trade and Tax Policy, Inflation and Exchange Rates written by Assaf Razin. This book was released on 2012-12-06. Available in PDF, EPUB and Kindle. Book excerpt: Ass a f R a z i nand Hans-Jiirgen Vosgerau The eight chapters of this volume have been grouped into two parts. Part A of contains chapters which are mainly monetary in character, whereas real aspects international economics are treated in Part B. It goes without saying that this is only a device for structuring the field. In substance most chapters reveal the close connections between real and monetary aspects. Part A on "Inflation, Exchange Rates, and Macro-Economic Adjustment in the Global Economy" consists of four papers. In recent years, an inflation targeting framework for monetary policy has been adopted by New Zealand, Canada, the United Kingdom, Finland, Sweden, Australia, and Spain (in chronological order). The use of inflation targeting can be viewed as a further step in the evolution of monetary policy techniques adopted by central banks. A common feature of the countries that have adopted inflation targets is the relatively poor inflation record over the last 30 years compared with other industrial countries such as Germany, Switzerland, Japan and the United States. Because of their relatively good inflation record, this latter group of countries has not explicitly adopted inflation targeting. With, or without, explicit inflation targeting the monetary policy credibility hinges on the independence of the central bank. Alex Cukierman addresses the issue of central bank independence by surveying alternative ways to characterize independence.

Fiscal Policies and Growth in the World Economy

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Release : 1996
Genre : Business & Economics
Kind : eBook
Book Rating : 044/5 ( reviews)

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Book Synopsis Fiscal Policies and Growth in the World Economy by : Jacob A. Frenkel

Download or read book Fiscal Policies and Growth in the World Economy written by Jacob A. Frenkel. This book was released on 1996. Available in PDF, EPUB and Kindle. Book excerpt: Covering a full array of topics in open economy macro and public economics, Fiscal Policies and Growth in the World Economy has been thoroughly revised and extended. The added material in this new edition includes stochastic rational-expectations extensions of the Mundell-Fleming model, the development of a dynamic-optimizing approach of the trade balance, and an entirely new part on issues of international economic convergence, which also contains a comprehensive policy overview. Other chapters have been updated or reorganized, and there is a brief guide to solving typical dynamic macro problems along with a printout of software suitable for numerical simulations. A companion diskette containing solutions in dynamic macro problems and some sample programs is available in GAUSS for IBM. The exercises and solutions manual by Krueger, Ostry, and Yuen has also been updated and extended. Fiscal Policies and Growth in the World Economy has been used successfully in graduate and senior undergraduate courses in international economics and public finance. The objective of this new edition remains the same as before: to treat the major topics in macro and public economics using both traditional and modern approaches. The traditional approach is first explained, from the simple income-expenditure model to the more advanced stochastic Mundell-Fleming model. The modern intertemporal approach is then presented, starting with the simple two-period model and extending it to a full-fledged dynamic model. Other sections review recent developments in the world economy; government spending, budget deficits, and differences across international taxation; and economic growth in the world economy, especially the convergence of income and growth levels across countries.

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