IGR 2010: challenges and priorities for Australia
... Near-term, budget settings can have a substantial influence on the projected path of public finances over even a long period of time. Thus, the 2010 IGR demonstrates that by returning the budget to surplus in 2012-13 and committing to maintain a 2 per cent annual cap on real spending growth for some ...
... Near-term, budget settings can have a substantial influence on the projected path of public finances over even a long period of time. Thus, the 2010 IGR demonstrates that by returning the budget to surplus in 2012-13 and committing to maintain a 2 per cent annual cap on real spending growth for some ...
FISCAL MULTIPLIER: IMF AND EC/ECFIN OPINIONS
... Tighter fiscal policy reduces growth in the short run in almost all circumstances, but a lower debt stock reduces pressures on real interest rates and hence in the longer term can raise sustainable output. This effect is larger for larger countries. In the current economic environment, multipliers m ...
... Tighter fiscal policy reduces growth in the short run in almost all circumstances, but a lower debt stock reduces pressures on real interest rates and hence in the longer term can raise sustainable output. This effect is larger for larger countries. In the current economic environment, multipliers m ...
This PDF is a selection from a published volume
... Column (iv) of Panel B shows the government primary surplus for 2005. According to these official OECD figures, only three EMU countries had deficits in 2004: France, Germany, and Ireland. The official figures show these deficits much smaller than those that would violate the SGP. Panel C of Table 1 ...
... Column (iv) of Panel B shows the government primary surplus for 2005. According to these official OECD figures, only three EMU countries had deficits in 2004: France, Germany, and Ireland. The official figures show these deficits much smaller than those that would violate the SGP. Panel C of Table 1 ...
The Fiscal Dimensions of Conflict and Reconstruction
... their cause. Historically, inter-state wars in today's developed countries led to investments in state capacities to tax, manage budgets, and issue debt—thereby converting informal ad hoc procedures into formal ones. For example, many of Portugal's fiscal institutions originated in the fifteenth cen ...
... their cause. Historically, inter-state wars in today's developed countries led to investments in state capacities to tax, manage budgets, and issue debt—thereby converting informal ad hoc procedures into formal ones. For example, many of Portugal's fiscal institutions originated in the fifteenth cen ...
Gross Domestic Product: What an Economy Produces How
... Figure 13.2A shows how this formula was used to calculate this country’s GDP for the year 2007. Household consumption, C. This component of GDP consists of goods and services bought by people in households for personal use. Household consumption ranges from food and fuel to movie tickets and medica ...
... Figure 13.2A shows how this formula was used to calculate this country’s GDP for the year 2007. Household consumption, C. This component of GDP consists of goods and services bought by people in households for personal use. Household consumption ranges from food and fuel to movie tickets and medica ...
mmi14-Marzano 19104679 en
... The empirical literature often provides numerical estimates of the impact of an increase in government spending on GDP and employment in both the United States and in European countries. Such estimates contribute to determine the appropriate size and timing of countercyclical fiscal policy packages. ...
... The empirical literature often provides numerical estimates of the impact of an increase in government spending on GDP and employment in both the United States and in European countries. Such estimates contribute to determine the appropriate size and timing of countercyclical fiscal policy packages. ...
Real GDP, Nominal GDP, Money Supply, Velocity of Money, Inflation
... relationship between money Supply and price level (Ruffin, 1938). This theory was taken up by the great American economist, Irving Fisher of Yale University (1867–1947) and by the great English economist Alfred Marshall (1842-1924) and has come to be called the Crude Quantity Theory of Money or simp ...
... relationship between money Supply and price level (Ruffin, 1938). This theory was taken up by the great American economist, Irving Fisher of Yale University (1867–1947) and by the great English economist Alfred Marshall (1842-1924) and has come to be called the Crude Quantity Theory of Money or simp ...
NBER WORKING PAPER SERIES THE "AUSTERITY MYTH": GAIN WITHOUT PAIN? Roberto Perotti
... the EMU except vis à vis the non‐Euro countries as a whole. Ireland also benefitted from the ...
... the EMU except vis à vis the non‐Euro countries as a whole. Ireland also benefitted from the ...
2.0 Theoretical Perspective of Tax Policy and Economic Growth
... capital, human capital and growth of the labour force to which tax indicators are incorporated. Kneller et al (1999) examined the impact of fiscal policy on growth using an annual panel data set of twenty-two (22) countries within the Organization for Economic Co-operation and Development (OECD) ove ...
... capital, human capital and growth of the labour force to which tax indicators are incorporated. Kneller et al (1999) examined the impact of fiscal policy on growth using an annual panel data set of twenty-two (22) countries within the Organization for Economic Co-operation and Development (OECD) ove ...
CHAPTER 8 Introduction to Economic Growth and
... 15. Recurring upswings and downswings in an economy's real GDP over time are called: A) recessions. B) business cycles. C) output yo-yos. D) total product oscillations. ...
... 15. Recurring upswings and downswings in an economy's real GDP over time are called: A) recessions. B) business cycles. C) output yo-yos. D) total product oscillations. ...
Fiscal Responses to the Economic Contraction of 2008-09
... appeals insisting Europeans make an added budget effort were not to our liking.” 6 At its March meeting, after following the advice of the finance ministers and rejecting any additional stimulus, the European Council (2009, p. 3) expressed its confidence in the medium and long term outlook, asserted ...
... appeals insisting Europeans make an added budget effort were not to our liking.” 6 At its March meeting, after following the advice of the finance ministers and rejecting any additional stimulus, the European Council (2009, p. 3) expressed its confidence in the medium and long term outlook, asserted ...
GDP Power Point (Reg)
... in a given period of time. Final goods are intended for the end user. Intermediate goods are used as components or ingredients in the production of other goods. GDP only includes final goods, as they already embody the value of the intermediate goods used in their production. No Double-Counting!!! L ...
... in a given period of time. Final goods are intended for the end user. Intermediate goods are used as components or ingredients in the production of other goods. GDP only includes final goods, as they already embody the value of the intermediate goods used in their production. No Double-Counting!!! L ...
What is Gross Domestic Product
... Gross Domestic Product (GDP) is the market value of all final user goods and services produced domestically during a time period (a year or quarter). GDP is a measure of production – it is designed to measure the output of goods and services produced in an economy. The definition of GDP tells us a l ...
... Gross Domestic Product (GDP) is the market value of all final user goods and services produced domestically during a time period (a year or quarter). GDP is a measure of production – it is designed to measure the output of goods and services produced in an economy. The definition of GDP tells us a l ...
Final Thoughts - The University of Chicago Booth School of Business
... TWIN DEFICITS – The 1980s in the U.S.: If international crowding out occurs, twin deficits could result. By twin deficits, I mean a budget deficit and a trade deficit could occur at the same time. Let us look at how this could happen. Suppose the government increases spending without increasing taxe ...
... TWIN DEFICITS – The 1980s in the U.S.: If international crowding out occurs, twin deficits could result. By twin deficits, I mean a budget deficit and a trade deficit could occur at the same time. Let us look at how this could happen. Suppose the government increases spending without increasing taxe ...
Three Approaches in calculating GDP
... Today, Ms May Chan bought $10 000 shares of China Coal at the price $7.88 per unit. The commission fee given to the share dealer is $500 and the stamp duty is $100. Two weeks later, Ms May Chan decided to sell it at the price $8.8 How much will be included in Hong Kong’s Gross Domestic Product? ...
... Today, Ms May Chan bought $10 000 shares of China Coal at the price $7.88 per unit. The commission fee given to the share dealer is $500 and the stamp duty is $100. Two weeks later, Ms May Chan decided to sell it at the price $8.8 How much will be included in Hong Kong’s Gross Domestic Product? ...
document
... in 1933, 25% of those who wanted work, and were willing to look for work, could not find a job the depression of the thirties was nearly an order of magnitude worse than subsequent recessions unemployment is cyclical, rising in bad times and falling in good times ...
... in 1933, 25% of those who wanted work, and were willing to look for work, could not find a job the depression of the thirties was nearly an order of magnitude worse than subsequent recessions unemployment is cyclical, rising in bad times and falling in good times ...
Do the Catholic and Protestant Countries Differ by Their Tax
... suggests that the country-level ”tax immorality” index has increased during that period, cf. Weck (1983). Though the more recent evidence by Alm and Torgler (2006) on other economies is somewhat mixed, many empirical papers indicate that the motive and incentives to evade taxes have increased (Schne ...
... suggests that the country-level ”tax immorality” index has increased during that period, cf. Weck (1983). Though the more recent evidence by Alm and Torgler (2006) on other economies is somewhat mixed, many empirical papers indicate that the motive and incentives to evade taxes have increased (Schne ...
Initiates file download
... programme to improve public administration and boost the business environment. The Ministry of Agriculture and Land Reclamation has designed a number of long-term national strategies with mid-term plans and proposed them for public discussions in 2012. Kyrgyzstan has with the EU a Partnership and C ...
... programme to improve public administration and boost the business environment. The Ministry of Agriculture and Land Reclamation has designed a number of long-term national strategies with mid-term plans and proposed them for public discussions in 2012. Kyrgyzstan has with the EU a Partnership and C ...
Abenomics
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Abenomics (アベノミクス, Abenomikusu) refers to the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as prime minister of Japan. Abenomics is based upon ""three arrows"" of fiscal stimulus, monetary easing and structural reforms. The Economist characterized the program as a ""mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades.""The term ""Abenomics"" is a portmanteau of Abe and economics, and follows previous political neologisms for economic policies linked to specific leaders, such as Reaganomics, Clintonomics and Rogernomics.