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|z 9781455290567
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|a 2617-6742
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|a BD-DhAAL
|c BD-DhAAL
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|a Symansky, Steven.
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|a Automatic Fiscal Stabilizers /
|c Steven Symansky, Thomas Baunsgaard.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (26 pages)
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|a IMF Staff Position Notes
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper discusses how to enhance automatic stabilizers without increasing the size of government. We distinguish between permanent changes in the parameters of the tax and expenditure system (e.g., changes in tax progressivity) that will enhance the traditional automatic stabilizer, and temporary changes triggered by certain economic developments (e.g., tax measures targeted at credit and liquidity constrained households, triggered during a severe downturn). We argue that, with some exceptions, the latter are preferable as they can be implemented with lower disruptions in other fiscal policy goals (e.g., economic efficiency). Moreover, countries should also avoid introducing procyclicality as a result of fiscal rules, as these would offset the effect of existing automatic stabilizers.
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|a Mode of access: Internet
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|a Baunsgaard, Thomas.
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|a IMF Staff Position Notes; Staff Position Note ;
|v No. 2009/023
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/004/2009/023/004.2009.issue-023-en.xml
|z IMF e-Library
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