04762oam 22011774 450 991078852740332120230617033144.01-4623-3975-11-4527-8145-11-282-04432-X1-4519-0559-99786613797469(CKB)3360000000442225(EBL)3012537(SSID)ssj0000940790(PQKBManifestationID)11528532(PQKBTitleCode)TC0000940790(PQKBWorkID)10955590(PQKB)10162568(OCoLC)535146937(MiAaPQ)EBC3012537(IMF)WPIEE2005004(EXLCZ)99336000000044222520020129d2005 uf 0engur|n|---|||||txtccrThe International Effects of Government Spending Composition /Giovanni GanelliWashington, D.C. :International Monetary Fund,2005.1 online resource (19 p.)IMF Working Papers"January 2005."At head of title: Fiscal Affairs Department.1-4518-6023-4 Includes bibliographical references (p. 18).""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. THE EFFECTS OF GOVERNMENT SPENDING COMPOSITION""; ""IV. CONCLUSIONS""; ""REFERENCES""This paper helps resolve a paradox in the literature, noticed by Alesina and Perotti (1995), which is that, although government employment is an important component of public spending, the debate on the effects of fiscal policy focuses almost exclusively on shocks to non-wage government consumption. We incorporate the distinction between spending for government employment and spending for non-wage government consumption in a "new open economy macroeconomics" model. Our results show that a permanent reduction in public employment in one country reduces relative private consumption and appreciates the domestic exchange rate if it is matched by a reduction in taxes. When the reduction in public employment is used to finance increased non-wage government consumption, the macroeconomic effects results are ambiguous, and are affected by the initial level of the public wage bill.IMF Working Papers; Working Paper ;No. 2005/004Government spending policyEconometric modelsCivil serviceEconometric modelsFiscal policyEconometric modelsLaborimfMacroeconomicsimfPublic FinanceimfMacroeconomics: ConsumptionimfSavingimfWealthimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfNational Government Expenditures and Related Policies: GeneralimfLabourimfincome economicsimfPublic finance & taxationimfPublic employmentimfConsumptionimfExpenditureimfGovernment consumptionimfPrivate consumptionimfEconomicsimfEconomic theoryimfExpenditures, PublicimfGovernment spending policyEconometric models.Civil serviceEconometric models.Fiscal policyEconometric models.LaborMacroeconomicsPublic FinanceMacroeconomics: ConsumptionSavingWealthEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityNational Government Expenditures and Related Policies: GeneralLabourincome economicsPublic finance & taxationPublic employmentConsumptionExpenditureGovernment consumptionPrivate consumptionEconomicsEconomic theoryExpenditures, PublicGanelli Giovanni1092052International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910788527403321The International Effects of Government Spending Composition3670991UNINA