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Record Nr. |
UNINA9910779224203321 |
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Autore |
Gruss Bertrand |
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Titolo |
Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances / / Bertrand Gruss, Jose L. Torres |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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1-4639-8823-0 |
1-4639-5149-3 |
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Descrizione fisica |
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1 online resource (37 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Fiscal policy - United States |
Balance of payments - United States |
Macroeconomics |
Public Finance |
Labor |
Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data) |
Fiscal Policy |
Fiscal Policies and Behavior of Economic Agents: General |
Forecasts of Budgets, Deficits, and Debt |
Economic Growth and Aggregate Productivity: General |
Debt |
Debt Management |
Sovereign Debt |
Macroeconomics: Consumption |
Saving |
Wealth |
Labor Economics: General |
Labor Demand |
Public finance & taxation |
Labour |
income economics |
Public debt |
Fiscal consolidation |
Consumption |
Fiscal policy |
National accounts |
Self-employment |
Debts, Public |
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Economics |
Labor economics |
Self-employed |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; I. Introduction; II. The Model; A. Preferences; B. Occupational Choice; C. Consumer's Problem; D. Entrepreneur's Problem and Financial Intermediation; E. The Government; F. Aggregates; G. Market Clearance; H. Timing of Events; I. Equilibrium; III. Calibration; IV. The Policy Experiments; A. The Delay Scenario; B. The Adjust Scenarios; V. Results; A. The Long-Run Effects; B. The Transitional Dynamics; C. Overall Welfare Cost of Delaying Fiscal Consolidation; VI. Conclutions; Tables; 1. Calibration |
2. Non-Interest Expenditures from the U.S. Federal Government as a percentage of GDP (2007)3. Steady State Comparison; Figures; 1. Projections from CBO alternative scenario, Long Term Budget Outlook of 2011; 2. Primary expenditures in the delay and adjust scenarios; 3. Primary deficit in the delay scenario and CBO's forecasts; 4. CBO's Alternative Fiscal Scenario and the Bowles-Simpson Commission's plan; 4. Differences in the percentage of total wealth held by the top percentiles in the delay and passive adjust scenarios |
5. Discounted sum of utility in steady state by wealth percentiles in delay and passive adjust scenarios6. Model Simulations-Fiscal Variables; 7. Model Simulations-Main Macroeconomic Variables; 8. Share of Entrepreneurs in Economy; 9. Present Discounted Sum of Utility by Deciles; References |
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Sommario/riassunto |
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In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal policies for a prolonged period would result in a significant crowding-out of private investment and a severe drag on growth. Compared to adopting a reform that gradually reduces federal debt to its pre-crisis level, postponing debt stabilization for two decades would entail a permanent output loss of about 17 percent and a welfare loss of almost 7 percent of lifetime consumption. Moreover, the long-run welfare gains from the adjustment would more than compensate the initial losses associated with the consolidation period. |
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2. |
Record Nr. |
UNINA9910647781503321 |
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Autore |
Schmid Davide |
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Titolo |
The Poverty of Critical Theory in International Relations / / by Davide Schmid |
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Pubbl/distr/stampa |
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Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2023 |
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ISBN |
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9783031225871 |
9783031225864 |
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Edizione |
[1st ed. 2023.] |
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Descrizione fisica |
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1 online resource (214 pages) |
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Collana |
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Palgrave Studies in International Relations, , 2946-2681 |
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Disciplina |
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Soggetti |
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International relations |
International Relations Theory |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Chapter 1: Introduction -- Chapter 2: The crisis of critique -- Chapter 3: Two Histories of the Frankfurt School- Chapter 4: The Habermasian Paradigm -- Chapter 5: Habermas and Cosmopolitan Democracy -- Chapter 6: Linklater and Critical International Relations Theory -- Chapter 7: The way ahead -- Chapter 8: Conclusion. |
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Sommario/riassunto |
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This book addresses the ‘crisis of critique’ of Frankfurt School Critical Theory in International Relations and puts forward a proposal for how it can be overcome. It starts from the premise that the present conjuncture, marked by capitalist crisis and a fracturing international order, urgently calls for critical perspectives capable of clarifying the state of global affairs and the emancipatory struggles within it. Critical Theory in International Relations should be well placed to provide answers to this demand, yet it finds itself today in a state of decline. Its prevailing form – that of a universalist cosmopolitan project – reflects a narrow Eurocentric perspective and the concerns of a time now past, while the Frankfurt School tradition as a whole struggles to develop new modes of analysis and new political imaginaries that are appropriate to the current historical situation. The book diagnoses this situation of intellectual and political crisis and seeks to trace a way out. It does so by providing a comprehensive account of the development of |
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Critical Theory in International Relations and the ways in which it has applied Frankfurt School thought to the study of international politics. It then makes a provocative case as to the exhaustion of the cosmopolitan and Habermasian paradigm of critique that has guided Frankfurt School research on international politics for the past thirty years. Finally, it puts forward a proposal for the revitalisation of Critical Theory in IR through a renewed emphasis on the critique of political economy and sketches a research agenda which can make the tradition relevant again to contemporary political questions. Davide Schmid is a Senior Lecturer in Politics and International Relations at Manchester Metropolitan University, UK. His research sits at the intersection of Critical Theory and International Political Economy. |
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