04689oam 22011894 450 991078840550332120230828235701.01-4623-0239-41-4527-2089-41-283-51542-31-4519-0868-79786613827876(CKB)3360000000443715(EBL)3014526(SSID)ssj0000941183(PQKBManifestationID)11587743(PQKBTitleCode)TC0000941183(PQKBWorkID)10963656(PQKB)10957437(OCoLC)694141229(MiAaPQ)EBC3014526(IMF)WPIEE2006072(EXLCZ)99336000000044371520020129d2006 uf 0engur|n|---|||||txtccrFundamental Determinants of the Effects of Fiscal Policy /Manmohan Kumar, Dennis BotmanWashington, D.C. :International Monetary Fund,2006.1 online resource (48 p.)IMF Working Papers"March 2006."1-4518-6332-2 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. KEY FEATURES OF THE GLOBAL FISCAL MODEL""; ""III. CALIBRATING THE MODEL""; ""IV. THE MACROECONOMIC EFFECTS OF GOVERNMENT DEBT""; ""V. GOVERNMENT SPENDING SHOCKS AND PRIVATE CONSUMPTION ""; ""VI. TAX DISTORTIONS AND THE BENEFITS OF TAX REFORM""; ""VII. THE EFFECTS OF PRIVATIZING RETIREMENT SAVING""; ""VIII. CONCLUDING REMARKS""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/072Fiscal policyEconometric modelsEconomic policyEconometric modelsBanks and BankingimfMacroeconomicsimfPublic FinanceimfTaxationimfDebtimfDebt ManagementimfSovereign DebtimfInterest Rates: Determination, Term Structure, and EffectsimfMacroeconomics: ConsumptionimfSavingimfWealthimfPersonal Income and Other Nonbusiness Taxes and SubsidiesimfFiscal PolicyimfPublic finance & taxationimfFinanceimfWelfare & benefit systemsimfPublic debtimfReal interest ratesimfConsumptionimfLabor taxesimfFiscal policyimfDebts, PublicimfInterest ratesimfEconomicsimfIncome taximfUnited StatesimfFiscal policyEconometric models.Economic policyEconometric models.Banks and BankingMacroeconomicsPublic FinanceTaxationDebtDebt ManagementSovereign DebtInterest Rates: Determination, Term Structure, and EffectsMacroeconomics: ConsumptionSavingWealthPersonal Income and Other Nonbusiness Taxes and SubsidiesFiscal PolicyPublic finance & taxationFinanceWelfare & benefit systemsPublic debtReal interest ratesConsumptionLabor taxesFiscal policyDebts, PublicInterest ratesEconomicsIncome taxKumar Manmohan1464134Botman Dennis901784International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910788405503321Fundamental Determinants of the Effects of Fiscal Policy3850026UNINA