1.

Record Nr.

UNISOBSOB007304

Autore

Caproni, Giorgio

Titolo

Il " Terzo libro" e altre cose / Giorgio Caproni

Pubbl/distr/stampa

Torino : Einaudi, 1968

Descrizione fisica

90 p. ; 18 cm

Collana

Collezione di poesia ; 53

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910975146903321

Autore

Botman Dennis

Titolo

Options for Fiscal Consolidation in the United Kingdom / / Dennis Botman, Keiko Honjo

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613828583

9781462352838

1462352839

9781452750149

1452750149

9781283516136

1283516136

9781451908848

1451908849

Edizione

[1st ed.]

Descrizione fisica

1 online resource (24 p.)

Collana

IMF Working Papers

Altri autori (Persone)

HonjoKeiko

Soggetti

Fiscal policy - Great Britain - Econometric models

Finance, Public - Great Britain - Econometric models

Debt Management

Debt

Debts, Public

Expenditure

Expenditures, Public

Fiscal consolidation

Fiscal Policy



Fiscal policy

Income tax

Labor taxes

Macroeconomics

National Government Expenditures and Related Policies: General

Personal Finance -Taxation

Personal Income and Other Nonbusiness Taxes and Subsidies

Personal income tax

Public debt

Public finance & taxation

Public Finance

Sovereign Debt

Taxation

Welfare & benefit systems

United Kingdom

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL AND CALIBRATION""; ""III. MACROECONOMIC EFFECTS OF ALTERNATIVE FORMS OF FISCAL CONSOLIDATION""; ""IV. SENSITIVITY ANALYSIS AND FISCAL POLICIES IN THE REST OF THE WORLD""; ""V. COMBINING FISCAL ADJUSTMENT AND TAX REFORM""; ""VI. CONCLUSIONS""; ""REFERENCES""

Sommario/riassunto

This paper examines the macroeconomic effects of different timing and composition of fiscal adjustment in the United Kingdom using the IMF’s Global Fiscal Model. Early consolidation dampens aggregate demand in the short term, but increases output in the long term as smaller primary surpluses are needed as a result of lower interest payments. Reducing government transfers or current government spending provides larger gains than increasing taxes, in particular compared to raising corporate or personal income taxes. We show that these conclusions are robust under alternative behavioral assumptions and parameterizations. A reduction in global saving would make early consolidation more urgent from both cyclical and long-term perspectives. Finally, we show that tax reform aimed at increasing incentives to save could provide support to fiscal consolidation measures.