Fundamental Determinants of the Effects of Fiscal Policy /

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...

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Detalles Bibliográficos
Autor principal: Kumar, Manmohan
Otros Autores: Botman, Dennis
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2006.
Colección:IMF Working Papers; Working Paper ; No. 2006/072
Acceso en línea:Full text available on IMF
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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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. 
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700 1 |a Botman, Dennis. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/072 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/072/001.2006.issue-072-en.xml  |z IMF e-Library