Relevant bibliographies by topics / Effectiveness of fiscal policy

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
  6. Reports

Academic literature on the topic 'Effectiveness of fiscal policy'

Author: Grafiati
Published: 28 May 2022
Last updated: 29 May 2022

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Journal articles on the topic "Effectiveness of fiscal policy"

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Działo, Joanna. "Fiscal Rules and Effective Fiscal Policy." Comparative Economic Research. Central and Eastern Europe 15, no. 2 (September 17, 2012): 65–78. http://dx.doi.org/10.2478/v10103-012-0010-1.

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This article examines and assesses the influence of political factors on the effectiveness of pursuing fiscal policy. These factors usually cause and maintain a high budget deficit and public debt. Moreover, the problems of influence of fiscal rules on increased effectiveness of the pursued fiscal policy have been discussed. The fiscal rules are to assure macroeconomic stability in economy and improve credibility of the pursued fiscal policy by reducing the deficit, government spending, and public debt. Examples of applicable fiscal rules in the EU and Poland are presented and an attempt is made to evaluate the effectiveness of these rules in the process of consolidation of public finances.
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Kuttner, Kenneth N., and Adam S. Posen. "Fiscal Policy Effectiveness in Japan." Journal of the Japanese and International Economies 16, no. 4 (December 2002): 536–58. http://dx.doi.org/10.1006/jjie.2002.0512.

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Caraballo, Maria A., and Carlos Usabiaga. "Microfoundations of fiscal policy effectiveness: monopolistic competition and fiscal policy multipliers." International Journal of Public Policy 1, no. 3 (2006): 266. http://dx.doi.org/10.1504/ijpp.2006.009803.

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Molana, Hassan, and Junxi Zhang. "Market Structure and Fiscal Policy Effectiveness." Scandinavian Journal of Economics 103, no. 1 (March 2001): 147–64. http://dx.doi.org/10.1111/1467-9442.00235.

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D’Acunto, Francesco, Daniel Hoang, and Michael Weber. "Unconventional Fiscal Policy." AEA Papers and Proceedings 108 (May 1, 2018): 519–23. http://dx.doi.org/10.1257/pandp.20181061.

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Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for the effectiveness of such policies using changes in value-added tax (VAT) and household survey data for Poland. We find households increased their inflation expectations and willingness to purchase durables before the increase in VAT. Future research has to ensure income, wealth effects, or intratemporal substitution channels cannot explain these results and ideally exploit exogenous variation in VAT in a fixed nominal interest rate environment.
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Hart, Neil. "The Role and Effectiveness of Fiscal Policy." Economic and Labour Relations Review 16, no. 1 (July 2005): 17–41. http://dx.doi.org/10.1177/103530460501600103.

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A meaningful discussion of the role and effectiveness of fiscal policy is not possible within the context of the antiquated textbook models, which in their current and likely future form (the ‘New Neo-Classical Synthesis) have been used to endorse the deflationary bias in macroeconomic policy formulation during recent decades. This paper present a critique of the ‘mainstream’ textbook modelling of fiscal policy, and suggests a more meaningful framework in which to consider the role of fiscal policy; a framework which in particular recognises the realities of endogenous money and interest rate targeting by central banks.
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Looney, Robert E., and Pater C. Frederiksen. "The declining effectiveness of Mexican fiscal policy." Socio-Economic Planning Sciences 25, no. 1 (January 1991): 49–53. http://dx.doi.org/10.1016/0038-0121(91)90028-p.

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Barrell, Ray, Tatiana Fic, and Iana Liadze. "Fiscal Policy Effectiveness in the Banking Crisis." National Institute Economic Review 207 (January 2009): 43–50. http://dx.doi.org/10.1177/0027950109103678.

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We investigate the effects of changes in taxes using the National Institute international macro model, NiGEM. A comparison on fiscal impulses worth 1 per cent of GDP for one year is made, with a comparison of a direct tax change, indirect tax change, and a lump sum payment. Multipliers are assessed one country at a time and when policy is coordinated to increase its impacts. We look at the importance of releasing borrowing constraints in a banking crisis. The analysis assumes financial and foreign exchange markets are forward looking.
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Slimani, Slah. "Fiscal Policy Effectiveness in the Tunisian Economy." International Journal of Sustainable Economies Management 10, no. 4 (October 2021): 21–38. http://dx.doi.org/10.4018/ijsem.2021100102.

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Based on Blanchard and Perotti, Perotti, and Biau and Girard approaches, this paper evaluates the fiscal policy's effectiveness in Tunisia using Structural VAR model. The results show the short-run macroeconomic efficiency of a structural increase in public spending in Tunisia with a fiscal multiplier close to 1,806, in line with Keynesian's models. However, the estimated effect of a structural increase in tax revenues on activity is non-Keynesian. This is explained by the presence of a voracity effect in the case of the Tunisian economy.
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Okorie, David Iheke, Manu Adasi Sylvester, and Dak-Adzaklo Cephas Simon-Peter. "Relative Effectiveness of Fiscal and Monetary Policies in Nigeria." Asian Journal of Social Science Studies 2, no. 1 (November 15, 2016): 117. http://dx.doi.org/10.20849/ajsss.v2i1.129.

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This study employs the auto regressive distributed lag (ARDL) model to ascertain the relative effectiveness of monetary and fiscal policies in Nigeria using a quarterly time-series from 1981-2012. From our analysis, it discovered that monetary and fiscal policies both have significant positive impact income. This conforms to a priori expectation and we discovered that monetary policy effects income faster than fiscal policy. In the short run, monetary policy effects income more than fiscal policy but the reverse is the case for the long run. Total impact of fiscal policy is higher than that of monetary policy. This study supports the use of both policies to achieve change in income but this depends on the objective the authorities want to achieve.
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Dissertations / Theses on the topic "Effectiveness of fiscal policy"

1

Antonevich, Konstantin. "Fiscal Policy in Sweden : Analyzing the Effectiveness of Fiscal policy During the Recent Business Cycle." Thesis, Jönköping University, JIBS, Economics, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-12716.

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The economic downturn of 2008-2010 has encouraged many economists andpoliticians to reconsider the role of fiscal policy. Whereas there is a broadly acceptedmodel which describes the influence of monetary policy on the economy, there is noconsensus concerning the fiscal policy.This paper aims to study the effectiveness of fiscal policy actions in Sweden over thepast 15 years, starting from the end of the banking crisis of 1992-93 to date. It has aspecific focus on the measures which were introduced in 2007-2010 and employs bothqualitative and quantitative analyses.The qualitative analysis investigates different expansionary fiscal measures, inter alia,the earned income tax credit, the new legislation for crisis management of banks, theguarantee program and the establishment of stability fund.The quantitative analysis is based on a 4-variable Vector Autoregression model whichhelps to identify the influence of general government expenditure, revenue and centralgovernment debt on GDP fluctuations over the past 15 years. The results demonstrate apositive response of GDP to an increase in government expenditure, with the maximumvalue of response achieved after 8 quarters. GDP also grows in response to a positiveshock in the central government debt, which is in line with the macroeconomic theory ofexpansionary fiscal policy. The positive response to an increase of revenue is somewhatcontradictory, and can become a topic for a further in-depth research.The economic downturn of 2008-2010 has encouraged many economists andpoliticians to reconsider the role of fiscal policy. Whereas there is a broadly acceptedmodel which describes the influence of monetary policy on the economy, there is noconsensus concerning the fiscal policy.This paper aims to study the effectiveness of fiscal policy actions in Sweden over thepast 15 years, starting from the end of the banking crisis of 1992-93 to date. It has aspecific focus on the measures which were introduced in 2007-2010 and employs bothqualitative and quantitative analyses.The qualitative analysis investigates different expansionary fiscal measures, inter alia,the earned income tax credit, the new legislation for crisis management of banks, theguarantee program and the establishment of stability fund.The quantitative analysis is based on a 4-variable Vector Autoregression model whichhelps to identify the influence of general government expenditure, revenue and centralgovernment debt on GDP fluctuations over the past 15 years. The results demonstrate apositive response of GDP to an increase in government expenditure, with the maximumvalue of response achieved after 8 quarters. GDP also grows in response to a positiveshock in the central government debt, which is in line with the macroeconomic theory ofexpansionary fiscal policy. The positive response to an increase of revenue is somewhatcontradictory, and can become a topic for a further in-depth research.

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Thomas, Jonathan P. "Policy effectiveness in optimizing macroeconomic models." Thesis, University of Oxford, 1989. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.303620.

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Lankester-Campos, Valerie Ann. "Political budget cycles in Latin America : fiscal policy effectiveness or regulated markets?" Thesis, University of Essex, 2017. http://repository.essex.ac.uk/19465/.

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Within the Political Budget Cycle theory (PBC), it is well known that reelection-seeking incumbents have incentives to manipulate economic outcomes through fiscal policy. However, there is no research to asses the conditions under which manipulating taxes and spending effectively serve those interests of political survival. In our first chapter, we argue that the incentives to do so will depend on the extent to which output can be effectively affected in the short-run. Our theory suggests that politicians follow such strategy with different degrees of information, and shows why some incumbent presidents have been more successful in manipulating the fiscal policy than others using a sample of 13 Latin American countries between 1980 and 2005. Our second chapter estimates the macroeconomic effects of exogenous fiscal policy shocks with a three variable Structural Vector Autoregression (SVAR) model. Our sample country is Costa Rica, for which there is no literature on the topic. Using quarterly data from 1991 until 2009, we found a negative and small impact of fiscal policy on output, while a small positive of revenue. Based on these results, we decided to test the existence of an indirect tool the incumbent may still have through the regulated price industries. Our theory suggests that a regulator-agency will choose the price which maximizes the political support for the incumbent government-regulator. We provide evidence with monthly data from 1986 until 2014, from a wider regulated market: Costa Rica. We also provide insights on the effect of elections on gasoline prices (as a proxy for regulated markets) for a a panel of ten Latin American countries of annual data from 2001-2012. And we contribute to the literature by proposing a non parametric approach describing the relationship between prices in regulated markets and election timing.
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McManus, Richard. "Fiscal policy effectiveness and its redistributive consequences : a theoretical and empirical exploration." Thesis, University of York, 2014. http://etheses.whiterose.ac.uk/7999/.

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This thesis contributes to three important topics on the conduct of fiscal policy. First, although the positive effects of fiscal policy on the aggregate economy are often discussed, the literature frequently omits a normative analysis and, moreover, fails to consider political frictions to policy: something frequently observed in fiscal policy debates. This thesis attempts to address these omissions through constructing New Keynesian `dynamic stochastic general equilibrium' (DSGE) models with heterogeneous agents. Exogenous shocks are shown to impact households differently and in polarizing ways, and the results imply that there is a normative justification for countercyclical fiscal policy, but on redistributive rather than aggregate grounds; austerity is observed to have the biggest impact on those agents who do not engage in capital markets, unless targeted on raising production taxes. Second, DSGE models frequently fail to replicate the empirical regularity that private consumption crowds in fiscal stimuli. This thesis overcomes this anomaly through combining the assumptions of external habit persistence and credit-constrained households, both of which are frequently used in the literature, but often in isolation of one another. External habit persistence creates an interaction between the heterogeneous agents whereby the consumption of one impacts the future preferences of others, and in so doing, introduces herding behaviour into an otherwise standard DSGE model. Finally, there is widespread evidence that procyclical fiscal policies have been prevalent in developing countries and often in some industrial nations. It is therefore surprising that, in contrast to the wealth of studies on the sources of such policy, potential consequences have been largely ignored in the existing literature. This thesis empirically estimates that fiscally procyclical countries have lower rates of economic growth and higher rates of output volatility and inflation.
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Hameed, Abid. "An Open Economy Model of Pakistan : Relative Effectiveness of Monetary and Fiscal Policy." Thesis, University of North Texas, 1995. https://digital.library.unt.edu/ark:/67531/metadc278353/.

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This thesis examines the relative effectiveness of monetary and fiscal policy in Pakistan by utilizing an open economy framework. There is a great need for research about the effectiveness of macroeconomic policies as the knowledge of the relative importance of monetary and fiscal policy could prove useful to policymakers and help them understand the macroeconomic adjustment processes of these policy measures.
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Kim, Dong-Hyeon. "Relative effectiveness of monetary and fiscal policies : with emphasis on disaggregated private spendings and policy transmission mechanisms /." free to MU campus, to others for purchase, 1999. http://wwwlib.umi.com/cr/mo/fullcit?p9953871.

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Zhang, H. E. "The sustainability of European Monetary Union : evidence from business cycle synchronisation, monetary policy effectiveness and the Euro fiscal dividend." Thesis, University of Bradford, 2014. http://hdl.handle.net/10454/7319.

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EMU as the only functioning single currency area has been criticised as a non-optimal currency area since the Treaty on European Union was signed. Despite this, it has been seen as, probably, the most complete economic project that has ever been conducted by any group of governments. Through Dynamic Factor model and Panel VAR method, we are focusing on the issues of business cycle synchronisation, effectiveness of ECB monetary policy and the euro fiscal dividend, thus to advances the current studies on EMU through assessing whether it can be a sustainable system. For example, whether economic fluctuations can be effectively managed by implementing a single ECB monetary policy and financial market can be relied upon as a monitoring and enforcing device to discipline fiscal behaviour of Eurozone countries. Overall, we concluded that EMU could be more sustainable if it was just formed by its core members, leaving the periphery outside the single currency area. However, since the EU has recently conducted many rescue measures to save the Eurozone, we are unlikely to see those troubled countries to quit EMU, at least, at the present time. The sustainability of the current EMU can be improved if more intra-trade can be promoted to enhance business cycle convergence; hence, it will be more likely to have a union-wide appropriate monetary policy. This will also reduce the requirement of depending upon using fiscal measures to compensate the loss of monetary sovereignty. Moreover, fiscal activities can also be better monitored/enforced since the financial market has begun to adequately adjust the long-term interest rates on Eurozone government bonds according to the development in those countries fiscal stance.
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Садовий, Віктор Олександрович, Виктор Александрович Садовый, Viktor Oleksandrovych Sadovyi, and Я. Б. Ейвазова. "Шляхи підвищення ефективності бюджетних установ України." Thesis, Видавництво СумДУ, 2011. http://essuir.sumdu.edu.ua/handle/123456789/12115.

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Graupen, André. "As políticas anticíclicas brasileiras da crise financeira de 2008: uma análise setorial." reponame:Repositório Institucional do FGV, 2015. http://hdl.handle.net/10438/13966.

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Submitted by André Gilberto Klein Graupen (andregkg@gmail.com) on 2015-08-24T23:27:55Z No. of bitstreams: 1 Dissertação FGV - André Graupen - Final.pdf: 850257 bytes, checksum: e03ff3cf37194871978526e96e7f0a03 (MD5)
Approved for entry into archive by Renata de Souza Nascimento (renata.souza@fgv.br) on 2015-08-24T23:42:57Z (GMT) No. of bitstreams: 1 Dissertação FGV - André Graupen - Final.pdf: 850257 bytes, checksum: e03ff3cf37194871978526e96e7f0a03 (MD5)
Made available in DSpace on 2015-08-25T13:22:04Z (GMT). No. of bitstreams: 1 Dissertação FGV - André Graupen - Final.pdf: 850257 bytes, checksum: e03ff3cf37194871978526e96e7f0a03 (MD5) Previous issue date: 2015-08-11
The international financial crisis of 2008 has affected both the US and the world economies. Thus, we discussed the origins of the subprime crisis in a historical context, understanding the impacts of this crisis focusing on countercyclical policies adopted at a sectorial level. Through econometric studies to evaluate the effectiveness of the fiscal, monetary and credit countercyclical policies focused on automotive, construction and home furniture and appliances sectors of the economy, aiming to understand the effectiveness of these policies both as an incentive for these industries as well as maintenance of the employment rate of the economy, two focuses of the Brazilian countercyclical policies. The empirical analysis revealed, on the side of incentive of the sectors that the expansionary monetary policy did not have the expected effect on any of the three sectors studied, while the credit and fiscal policies, also expansionary, had a positive effects on the sectors studied. On the maintenance of the unemployment rate of the economy side, fiscal and monetary policies were effective for the three sectors analyzed, which allows us to conclude that the government policies adopted had some form of efficacy. It is important to note that we assumed premises regarding IPI on the home furniture and appliances sector and unemployment series, which were not available in a specific way, constituting a limitation to paper.
A crise financeira internacional de 2008 afetou tanto a economia dos Estados Unidos quanto a economia mundial. Assim, discutiu-se as origens da crise do 'subprime', em uma contextualização histórica e entendeu-se a repercussão dessa crise, com foco nas medidas anticíclicas brasileiras adotadas em nível setorial. Através de estudos econométricos que visavam avaliar a eficácia dessas medidas de políticas fiscal, monetária e creditícia, direcionadas aos setores automotivo, de construção civil e de móveis e eletrodomésticos, buscou-se entender a eficácia das medidas anticíclicas tanto como incentivo econômico, quanto na manutenção do nível de emprego, dois dos principais focos das políticas anticíclicas brasileiras. A análise empírica revelou, no lado do incentivo dos setores, que a política monetária expansionista não teve o efeito esperado em nenhum dos três setores testados, enquanto que as políticas creditícia e fiscal, também expansionistas, tiveram efeitos positivos sobre os setores em estudo. Pelo lado da eficácia na manutenção do emprego, as políticas fiscal e monetária foram eficazes para os três setores analisados, o que nos permite concluir que as medidas do governo tiveram alguma forma de eficácia. É importante ressaltar que se assumiu a premissa para as séries de IPI sobre o setor de móveis e eletrodomésticos e a série de desemprego, que não estavam disponíveis de forma específica, constituindo uma limitação ao trabalho.
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Forcades, Pujol Alejandro. "Essays on fiscal policy." Doctoral thesis, Universitat Autònoma de Barcelona, 2016. http://hdl.handle.net/10803/404256.

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Esta tesis doctoral desarrolla tres temas relacionados con la política fiscal en el campo de la macroeconomía. El primer artículo evalúa las implicaciones cuantitativas de la política fiscal óptima en un modelo con evasión fiscal. El resultado de Chamley-Judd de que el impuesto al capital en el largo plazo es cero no se cumple debido a la presencia conjunta de las evasiones fiscales del impuesto del consumo y trabajo, no incluso si expandimos el modelo introduciendo la evasión del impuesto del capital en economía cerrada. En contraste a Coleman (2000), encontramos que subsidiar el trabajo no es óptimo. En la parte cuantitativa, demostramos que el planificador Ramsey recorta los impuestos del trabajo, capital y consumo; que el impuesto sobre el consumo es considerablemente inferior al impuesto del trabajo; y que menores impuestos al trabajo y consumo reducen sus respectivos niveles de evasión fiscal. Además, las ganancias de bienestar asociadas con este experimento de política son substanciales. En el segundo artículo introducimos la evasión del impuesto al consumo a previos modelos macroeconómicos sobre economía sumergida. El modelo presentado en este artículo es el primero que trata conjuntamente las evasiones del impuesto al trabajo y al consumo. Introduciendo un shock TFP que afecta de la misma forma a los sectores declarado y no declarado, somos capaces de producir una evolución contracíclica de la evasión fiscal y mejoramos la bondad del modelo con respecto a los datos. También, exploramos las consecuencias de nuestro modelo para el sistema impositivo; concretamente, demostramos que puede ser inviable trasladar la carga fiscal de la imposición directa a la indirecta. Las curvas de Laffer son más planas que en el modelo sin evasión fiscal. Los límites impuestos por la evasión son más estrictos para el impuesto al consumo, para el cual la pendiente negativa de la curva de Laffer empieza aproximadamente en un tipo del 10%. Finalmente, el último artículo pretende estudiar cuáles habrían sido los efectos totales y heterogéneos de implementar los llamados Eurobonos en la crisis Europea de la deuda soberana (2009-12). Concretamente, nos centramos en la propuesta de Delpla y von Weizsäcker (2010). La Euro área es dividida en cuatro grupos de acuerdo a sus niveles de deuda pública y sus respectivos retornos de los bonos durante la crisis de la deuda soberana, y para cada grupo se desarrolla un modelo de economía pequeña y abierta sin (modelo de referencia) y con Eurobonos. Además, consideramos tres escenarios para los retornos de los Eurobonos: bajo, medio y alto. Los GIIPS (grupos I y II) son capaces de reducir el efecto desplazamiento sobre la inversión productiva, los impuestos y la deuda así como incrementar el PIB y el bienestar en todos los escenarios. El resto de países (grupos III y IV) pierden en términos de PIB, bienestar y deuda para los retornos medio y alto. En los bajos, todos los grupos están mejor. Por lo tanto, el mensaje clave es que los Eurobonos podrían ser una buena política para abordar periodos de primas de riesgo crecientes, pero su grado de éxito depende del nivel de compromiso.
This doctoral thesis develops three topics on fiscal policy in the field of macroeconomics. The first paper assesses the quantitative implications of optimal fiscal policy in a model with tax evasion. The Chamley-Judd result of a zero capital tax in the long run does not hold due to the presence of both labor income and consumption tax evasions, not even if we expand the model by introducing capital tax evasion in closed economy. In contrast to Coleman (2000), we find that subsidizing labor is not optimal. In the quantitative part, we show that the Ramsey planner cuts consumption, labor, and capital taxes; that the optimal tax rate on consumption is considerably lower than the optimal tax rate on labor income; and that lower taxes on labor and consumption reduce their respective levels of tax evasion. In addition, the welfare gains associated with this policy experiment are substantial. The second paper extends previous macroeconomic frameworks on shadow economy with consumption tax evasion. The model presented here is the first one to jointly tackle both labor income and consumption tax evasions. By introducing a TFP shock that affects equally both the declared and undeclared sectors, we are able to produce a countercyclical evolution of tax evasion and improve the fit of the model to the data. We also explore the consequences for taxation of our framework; specifically, we show that it may be unfeasible to implement tax shifts implying significant reductions of income tax in favor of higher excises on consumption. Laffer curves are flatter than in the model without tax evasion. The limits imposed by tax evasion are stricter for consumption tax, for which the slippery slope of the Laffer curve starts roughly at a mere rate of 10%. Finally, the last paper aims to study what would have been the overall and heterogeneous effects of implementing the so-called Eurobonds in the European sovereign debt crisis (2009-12). Specifically, we focus on the proposal by Delpla and von Weizsäcker (2010). The Euro area is divided in four groups according to their initial government debts and their respective bond yields during the sovereign debt crisis, and a small open economy model is set up for each one without (baseline model) and with Eurobonds. In addition, we consider three scenarios for Eurobond yields: low, medium, and high. GIIPS (groups I and II) are able to reduce the crowding-out effect on productive investment, taxes, and debt as well as increase GDP and welfare in all scenarios. The rest of countries (groups III and IV) lose in terms of GDP, welfare, and debt in the medium and high yields. In the low, all groups are better off. Therefore, the key message is that Eurobonds could be a good policy to address times of soaring sovereign spreads, but their degree of success depends on the level of commitment.
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Books on the topic "Effectiveness of fiscal policy"

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United States. Congressional Budget Office, ed. Assessing the effectiveness of milestone budgeting. Washington, D.C: The Congress of the U.S., Congressional Budget Office, 1987.

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Glass, G. Wayne. Assessing the effectiveness of milestone budgeting. Washington, D.C: Congress of the U.S., Congressional Budget Office, 1987.

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Glass, G. Wayne. Assessing the effectiveness of milestone budgeting. Washington, D.C: The Congress of the U.S., Congressional Budget Office, 1987.

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Glass, G. Wayne. Assessing the effectiveness of milestone budgeting. Washington, D.C: The Congress of the U.S., Congressional Budget Office, 1987.

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Jayaraman, T. K. A study on relative effectiveness of monetary and fiscal policies in Vanuatu. Suva, Fiji]: The University of the South Pacific, School of Economics, 2012.

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Silgoner, Maria Antoinette. The fiscal smile: The effectiveness and limits of fiscal stabilizers. Washington, D.C: International Monetary Fund, European I Department, 2003.

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Mandal, Subrata. Overlapping fiscal domains and effectiveness of environmental policy in India. New Delhi: Publications Unit, National Institute of Public Finance and Policy, 2005.

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South-East Asian Central Banks. Research and Training Centre, ed. Relative effectiveness of policy choices during the global financial crisis in SEACEN economies. Kuala Lumpur, Malaysia: South East Asian Central Banks, Research and Training Centre, 2011.

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Sheen, Jeffrey. The effectiveness of fiscal policy in an economy with anticipatory wage contracts. [Colchester]: University of Essex, Dept. of Economics, 1986.

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Hemming, Richard. The effectiveness of fiscal policy in stimulating economic activity: A review of the literature. [Washington, D.C.]: International Monetary Fund, Fiscal Affairs Department, 2002.

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Book chapters on the topic "Effectiveness of fiscal policy"

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Raihan, Selim, and Iffat Anjum. "Effectiveness of Fiscal Policy in Stimulating Economic Growth: An Empirical Study on Bangladesh." In Bangladesh's Macroeconomic Policy, 197–215. Singapore: Springer Singapore, 2020. http://dx.doi.org/10.1007/978-981-15-1244-5_7.

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Arestis, Philip, and Malcolm Sawyer. "The Effectiveness of Fiscal Policy in the Levy Institute’s Stock-flow Model." In Contributions in Stock-flow Modeling, 300–320. London: Palgrave Macmillan UK, 2012. http://dx.doi.org/10.1057/9780230367357_13.

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Schuberth, Helene, and Gert D. Wehinger. "Costs of European Monetary Union: Evidence of Monetary and Fiscal Policy Effectiveness." In Spatial Dynamics of European Integration, 35–62. Berlin, Heidelberg: Springer Berlin Heidelberg, 1999. http://dx.doi.org/10.1007/978-3-642-60180-4_3.

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Redonda, Agustin, Christian von Haldenwang, and Flurim Aliu. "Tax Expenditure Reporting and Domestic Revenue Mobilization in Africa." In Taxation, International Cooperation and the 2030 Sustainable Development Agenda, 173–93. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-64857-2_9.

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AbstractThe use of tax expenditures (TEs) is an important fiscal practice that is often overlooked in public spending debates. The fiscal cost as well as the lack of effectiveness of TEs can be significant. This chapter describes the state of TE reporting across the world, focusing on Africa. It begins by explaining in detail what TEs are and what their role in government expenditure is. It proceeds by offering examples of the fiscal cost of these provisions, their (in)effectiveness, and the reasons why they are often hard to remove. The main portion of the chapter focuses on the lack and inconsistency of TE reporting. The chapter provides the first results of the “Global Tax Expenditures Database” (GTED), an ongoing project aiming to increase transparency and boost research in the TE field. The GTED reveals that over 64% of African countries do not provide any information on their TEs, while most of the countries that do report on TEs leave out important information such as the policy objectives and beneficiaries of those provisions. Lastly, using the available data, the chapter reports that, on average, TEs in African countries account for 2.8% of GDP and 17.8% of total tax revenue, and being as high as 7.8% (in Senegal) and 58.4% (in Mauritania), respectively.
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Carlberg, Michael. "Fiscal Policy." In Monetary and Fiscal Dynamics, 123–36. Heidelberg: Physica-Verlag HD, 1992. http://dx.doi.org/10.1007/978-3-642-47689-1_24.

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Gottfries, Nils. "Fiscal Policy." In Macroeconomics, 288–319. London: Macmillan Education UK, 2013. http://dx.doi.org/10.1007/978-1-137-32180-0_11.

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Dullien, Sebastian, Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, and Mariano Torras. "Fiscal Policy." In Macroeconomics in Context, 324–53. New York, NY : Routledge, 2017.: Routledge, 2017. http://dx.doi.org/10.4324/9781315644653-13.

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Krugman, Paul, and Robin Wells. "Fiscal Policy." In Essentials of Economics, 576–608. New York: Macmillan Learning, 2017. http://dx.doi.org/10.1007/978-1-319-18664-7_17.

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Rush, Philip. "Fiscal Policy." In Real Market Economics, 61–77. London: Palgrave Macmillan UK, 2017. http://dx.doi.org/10.1057/978-1-349-95278-6_4.

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Seeley, Karl. "Fiscal Policy." In Studies in Ecological Economics, 239–44. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-51757-5_13.

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Conference papers on the topic "Effectiveness of fiscal policy"

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Satrianto, Alpon. "Fiscal and Monetary Policy, Output and Price in Indonesia: An Effectiveness Approach." In First Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2018). Paris, France: Atlantis Press, 2018. http://dx.doi.org/10.2991/piceeba-18.2018.29.

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Zhang, Yuwei, and Yue Cheng. "Study on the Effectiveness and Optimization of Guangxi’s Fiscal Policy for Biomedical Industry." In Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019). Paris, France: Atlantis Press, 2019. http://dx.doi.org/10.2991/icoeme-19.2019.131.

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Asanov, Turusbek. "Efficiency of Public Finance Management in Kyrgyzstan." In International Conference on Eurasian Economies. Eurasian Economists Association, 2012. http://dx.doi.org/10.36880/c03.00457.

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The article analyzes the importance of public finances as the main instrument of economic management. The main attention is paid to the clarifying the mechanism and forms of effective relationships between fiscal policy and economic growth. The criteria of the effectiveness of public financial management. In this paper attempted evaluating the effectiveness of public financial management in the Kyrgyz Republic based on generalization of the practice of the budget of Kyrgyzstan and other countries. Substantiated the need of improving budget planning, consolidation of public finances, transition to planning budget, and improving budget process.
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Davydenko, Nadiia, Svitlana Boiko, Alina Вuriak, and Inna Demianenko. "Development of rural areas through fiscal decentralization." In 22nd International Scientific Conference. “Economic Science for Rural Development 2021”. Latvia University of Life Sciences and Technologies. Faculty of Economics and Social Development, 2021. http://dx.doi.org/10.22616/esrd.2021.55.010.

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The ratification of the European Charter of Local Self-Government and the adoption of the Concept of the Reform of Local Self-Government and the Territorial Organization of Power in Ukraine in April, 2014 laid the groundwork for the approval of fiscal decentralization and the creation of fiscal frameworks for the development of rural areas. One of the defining conditions of fiscal decentralization is the provision of the local government with financial resources in an amount sufficient to perform their tasks for development of rural areas. Therefore, the purpose of the article is to study the peculiarities of rural development of Ukraine in terms of fiscal decentralization, identify the main problems, and present an argument for the directions towards enhancing the positive impact of fiscal decentralization on the social and economic development of rural areas. The methodological basis of the article is general scientific and special methods of research, in particular: economic and statistical; analysis and synthesis; tabular and graphical. The conducted research has made it possible to establish that the implementation of fiscal decentralization has resulted in greater interest of village council in increasing revenues to local budgets by transferring the right to receive more tax revenues and non-tax revenues, finding contingency local budgets, improving the efficiency of tax administration and fees. The study gives grounds for proposing approaches to increase the effectiveness of fiscal decentralization in the context of rural development, including expanding of the list of taxes and fees in budget revenues of united territorial community (e.g. corporate income tax, personal income tax, environmental tax); improving the mechanism for providing local budgets with inter-budget transfers from the State Budget of Ukraine; optimization of budget expenditures under the condition that a guaranteed and affordable level of public services is provided; increasing the accountability of local governments in order to prevent corruption; involvement of the population in active participation in development policy of rural areas.
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Li, Huimin. "Africa Petroleum Fiscal Evolvement and Impacts on Foreign Investment: Illustrations from Nigeria." In SPE/AAPG Africa Energy and Technology Conference. SPE, 2016. http://dx.doi.org/10.2118/afrc-2567973-ms.

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ABSTRACT With plenty of latest discoveries witnessed from East Africa, the petroleum atlas reshaping is expected where some new faces (e.g. Mozambique, Kenya, Tanzania, etc.) may play emergent roles besides traditional oil countries in Africa. Due to general lack of infrastructure construction and capital investment, it still need some time for large-scale commercial production and the involvement of international oil companies is indispensable in the process. Dramatic price drop has tremendously stricken both governments and international oil companies (IOC) in oil-producing countries since 2014. The effectiveness in which governments and IOCs adjust to this reality will determine the extent and the pace of future development of these countries’ oil sectors. Most IOCs were struggling to cut capital expenditure and control operating cost to survive, and how to maintain and attract investment is regarded as huge challenges by many governments in the downward scenario. Apart from resource factors, petroleum fiscal terms are one of the key factors in the investment decision for IOCs. The attractiveness of fiscal contracts has a fundamental effect on profitability of petroleum projects, and thus an important indicator for evaluating investment feasibility in the country. The paper gives an overview on fiscal transformation in most Africa oil countries, some of them were trying to increase government share in oil profits to support social expenditures, and others have provided fiscal incentives to absorb further investment in the oil sector. It shows that fiscal policies in the countries where national economy relies more on oil revenues are less stable during the past decade. Some upstream projects in Nigeria are illustrated to show the impacts of different contract terms on economic benefits. Thus with new government's coming into power, most IOCs are holding back further investment and expecting negotiation with the authorities for confirmation on fiscal terms applied in their assets to avoid potential contractual risks, like PIB, Side letter, etc. The implications regarding petroleum regime are summarized based on the experience from Nigeria for emerging countries in East Africa, relatively stable fiscal policy with some incentives to encourage exploration activities would be helpful to petroleum industry. Lastly, investment suggestions are presented with priorities to promote business development in the area.
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Al-Laham, Mohamad, Haroon Al-Tarawneh, and Najwan Abdallat. "Development of Electronic Money and Its Impact on the Central Bank Role and Monetary Policy." In InSITE 2009: Informing Science + IT Education Conference. Informing Science Institute, 2009. http://dx.doi.org/10.28945/3328.

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In recent years there has been considerable interest in the development of electronic money schemes. Electronic money has the potential to take over from cash as the primary means of making small-value payments and could make such transactions easier and cheaper for both consumers and merchants. Electronic money is a record of the funds or "value" available to a consumer stored on an electronic device in his or her possession, either on a prepaid card or on a personal computer for use over a computer network such as the Internet. This paper argues that e-money, as a network good, could become an important form of currency in the future. Such a development would influence the effectiveness and implementation of monetary policy. If an increased use of e-money substantially limits demand for central bank reserves, it would require changes in the operational target of the central bank and a closer coordination of monetary and fiscal policies.
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Oni, Babatunde. "Addressing the Socio-Economic Concerns of the Niger Delta Host Communities Through Local Content Policy; the Impact of Nigerias Local Participation Policy on Her Investment Climate." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/207210-ms.

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Abstract Objective and scope This paper aims to establish that proper resource management and governance within the Nigerian oil and gas industry, more specifically, her local participation policy, which focuses on adequately addressing the social and economic concerns of the host communities in oil producing regions of Nigeria, particularly in the Niger Delta, will ultimately lead to more secure and sustainable economic development and a more attractive investment climate for Nigeria. Methods Procedure, process This research study will employ an analytical approach, more specifically qualitative analysis, in analyzing the interplay between the various factors which have birthed low oil and gas productivity in the Niger delta region of Nigeria and how proper application of Nigeria's local participation policy can influence the circumstances and yield positive result. The research study will rely heavily on available literature and legislative enactments, as well as available case law on the issues concerned. The primary sources in the collection of materials for this paper will comprise of journals, books, and articles which address the relevant research questions guiding the scope of this paper. Results, Observation, conclusion Nigeria's local content policy, just like many other governmental policies in Nigeria, has been criticized as being vulnerable to corruption as a result of the manifest lack of transparency in the Nigerian oil and gas industry, and local content has already been labelled as a potential victim of capture as a result of this dearth in transparency. It is imperative that the broad discretionary powers granted to the local content monitoring board, and the minister of petroleum by the provisions of the Nigerian Oil and Gas Industry Content Development Act, be utilized in a manner devoid of parochial ethnic sentiments or political interest, in order for Nigeria to properly take advantage of the economic development benefits provided by the proper implementation of local content policy. The long term benefits of local content policy such as technology transfer, long term fiscal incentives, and the growth of local commerce and industry, will go a long way in setting Nigeria on a plain path to sustainable economic growth and better resource management. It is important that the Nigerian government play its role in driving local content policy by facilitating Nigerian enterprises to take active part in the local content programs, as well as keep tabs and monitor the effectiveness of local content policy in achieving its targets. New or additive information to the industry Proper implementation of Local Content policy in Nigeria will be beneficial, not just for the host communities but for the rest of the country, as well as for all investors in the Nigerian oil and gas industry, by providing thousands of employment opportunities for the locals, as well as providing a much needed technology transfer which will result in a structural transformation of not just the local manufacturing industries in Nigeria but the entire Nigerian oil and gas industry as well; thus addressing a major aspect of the social and economic concerns of the local people, and also giving Nigeria's economy a much needed boost towards achieving sustainable development in her natural resources sector.
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Ismoilov, G. N. "State Fiscal Policy." In II International Conference on Economic and Social Trends for Sustainability of Modern Society. European Publisher, 2021. http://dx.doi.org/10.15405/epsbs.2021.09.02.15.

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Menchynska, Olena, Serhii Sobchuk, Zhanna Harbar, and Victor Harbar. "Fiscal policy under economic transformation." In Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019). Paris, France: Atlantis Press, 2019. http://dx.doi.org/10.2991/smtesm-19.2019.41.

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Luarsabishvili, Marine. "GEORGIA FISCAL POLICY AND MACROECONOMIC RISKS." In Integration of business structures: competition and cooperation. Publishing House “Baltija Publishing”, 2021. http://dx.doi.org/10.30525/978-9934-26-036-0-2.

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Reports on the topic "Effectiveness of fiscal policy"

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Cadiero Kaplan, Karen, Magaly Lavadenz, and Elvira Armas. Essential Elements of Effective Practices for English Learners. Center for Equity for English Learners, 2011. http://dx.doi.org/10.15365/ceel.policy.9.

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One of the most powerful variables for English Learner success is the quality of their teachers. This policy brief published by Californians Together (1) provides a synthesis of effective practices for instructing ELs; (2) presents four research-based essential elements critical for EL program implementation, teacher reflection, and monitoring of teacher effectiveness; and (3) concludes with program and policy recommendations. Three key areas for policy action are prioritized: (1) District and state level policies must require that local and state leadership support the implementation of these essential elements; (2) Alignment of fiscal and human resources must be targeted to ensure that teachers are provided with professional development, materials and curricular program supports required to implement these key elements leading to English learner success; and (3) Teacher preparation and credential requirements need to incorporate the four critical elements of effective practice for success with English Learners.
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D’Acunto, Francesco, Daniel Hoang, and Michael Weber. Unconventional Fiscal Policy. Cambridge, MA: National Bureau of Economic Research, January 2018. http://dx.doi.org/10.3386/w24244.

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Davig, Troy, and Eric Leeper. Monetary-Fiscal Policy Interactions and Fiscal Stimulus. Cambridge, MA: National Bureau of Economic Research, July 2009. http://dx.doi.org/10.3386/w15133.

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Battaglini, Marco, and Stephen Coate. Fiscal Policy and Unemployment. Cambridge, MA: National Bureau of Economic Research, November 2011. http://dx.doi.org/10.3386/w17562.

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Sinn, Hans-Werner. The ECB's Fiscal Policy. Cambridge, MA: National Bureau of Economic Research, May 2018. http://dx.doi.org/10.3386/w24613.

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Kocherlakota, Narayana. Stabilization with Fiscal Policy. Cambridge, MA: National Bureau of Economic Research, September 2021. http://dx.doi.org/10.3386/w29226.

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Rasche, Robert H., and Marcela M. Williams. The Effectiveness of Monetary Policy. Federal Reserve Bank of St. Louis, 2005. http://dx.doi.org/10.20955/wp.2005.048.

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Dupor, Bill, Rong Li, and Jingchao Li. Sticky Wages, Monetary Policy and Fiscal Policy Multipliers. Federal Reserve Bank of St. Louis, 2017. http://dx.doi.org/10.20955/wp.2017.007.

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e Castro, Miguel Faria. Fiscal Policy during a Pandemic. Federal Reserve Bank of St. Louis, 2020. http://dx.doi.org/10.20955/wp.2020.006.

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Davig, Troy, Eric Leeper, and Hess Chung. Monetary and Fiscal Policy Switching. Cambridge, MA: National Bureau of Economic Research, March 2004. http://dx.doi.org/10.3386/w10362.

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