1.

Record Nr.

UNINA9910464241803321

Autore

Leigh Daniel

Titolo

Fiscal and monetary policy during downturns [[electronic resource] ] : evidence from the G7 / / prepared by Daniel Leigh and Sven Jari Stehn

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, Fiscal Affairs Dept, 2009

ISBN

1-4623-1542-9

1-4527-0668-9

1-4518-7198-8

9786612842726

1-282-84272-2

Descrizione fisica

1 online resource (23 p.)

Collana

IMF working paper ; ; WP/09/50

Altri autori (Persone)

StehnSven Jari

Soggetti

Fiscal policy

Monetary policy

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2009."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction and Summary; II. Event-Study Analysis; A. Data and Methodology; B. Results; Tables; 1. How Often and Quickly did Fiscal Stimulus Arriva During Downturns?; III. Vector-Autoregression (VAR) Analysis; A. Methodology; 2. How Often and Quickly did Fiscal Stimulus Arrive During Upturns?; B. Baseline Results; Figures; 1. How Strongly do Fiscal and Monetary Policy Respond?; 2. How does the Response Vary Across Fiscal Instruments and G7 Members?; 3. How Robust is the Response to the Cyclical Indicator?; C. Asymmetry; 4. Is There a Bias Towards Easing in Downturn?

D. Policy in Real Time5. Errors in Identifying Negative Growth in the G7; 3. How Reliable are Preliminary Growth Estimates?; 6. Has Policy Erroneously Responded to Perceived Growth Shocks?; IV. Case Study: Have U.S. Tax Cuts Been Timely and Temporary?; V. Conclusion; 4. Legislated Tax Changes During Downturns; 5. Summary of Countercyclical Tax Changes; References

Sommario/riassunto

This paper analyzes how fiscal and monetary policy typically respond



during downturns in G7 countries. It evaluates whether discretionary fiscal responses to downturns are timely and temporary, and compares the response of fiscal policy to that of monetary policy. The results suggest that while responding more weakly and less quickly than monetary policy, discretionary fiscal policy is more timely than conventional wisdom would suggest, particularly in "Anglo-Saxon" countries, but the response differs substantially across fiscal instruments. Both fiscal and monetary policy are found to be subj

2.

Record Nr.

UNINA9910968438903321

Titolo

Water trading and global water scarcity : international experiences / / edited by Josefina Maestu

Pubbl/distr/stampa

Abingdon, Oxon ; ; New York, N.Y. : , : Routledge, , 2013

ISBN

0-203-08415-2

1-283-89440-8

1-136-18980-7

Edizione

[1st ed.]

Descrizione fisica

1 online resource (377 p.)

Collana

RFF Press water policy series

Altri autori (Persone)

MaestuJosefina

Disciplina

333.33/9

Soggetti

Water transfer

Water-supply - International cooperation

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. I. Water trading experiences -- pt. II. Concerns about water trading and how are we dealing with them -- pt. III. Reforms to overcome legal and institutional barriers to trading -- pt. IV. Incentives and prices in water trading.

Sommario/riassunto

Water scarcity is an increasing problem in many parts of the world, yet conventional supply-side economics and management are insufficient to deal with it. In this book the role of water trading as an instrument of integrated water resources management is explored in depth. It is also shown to be an instrument for conflict resolution, where it may be necessary to reallocate water in the context of increasing scarcity.  



Recent experiences of implementation in different river basins have shown their potential as instruments for improving allocation. These experiences, however, also sho