Fundamental Determinants of the Effects of Fiscal Policy

Author/creator Kumar, Manmohan S. Author
Other author Botman, Dennis P. J. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description62 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451908688
ISBN1451908687 (E-Book) Active Record
Stock number00013468

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