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010   $a9786613827876
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035   $a(EBL)3014526
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035   $a(PQKBTitleCode)TC0000941183
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035   $a(OCoLC)694141229
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aFundamental Determinants of the Effects of Fiscal Policy /$fManmohan Kumar, Dennis Botman
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (48 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311   $a1-4518-6332-2 
320   $aIncludes bibliographical references.
327   $a""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""
330 3 $aWe explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the elasticity of labor supply, as well as the characteristics of utility and production functions, and the degree of competition are all critical for determining the impact of fiscal policy. Four topical fiscal policy issues, for a representative large and small economy, are examined: the effects of changes in government debt; higher government spending; tax reform; and privatization of retirement savings.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/072
606   $aFiscal policy$xEconometric models
606   $aEconomic policy$xEconometric models
606   $aBanks and Banking$2imf
606   $aMacroeconomics$2imf
606   $aPublic Finance$2imf
606   $aTaxation$2imf
606   $aDebt$2imf
606   $aDebt Management$2imf
606   $aSovereign Debt$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aPersonal Income and Other Nonbusiness Taxes and Subsidies$2imf
606   $aFiscal Policy$2imf
606   $aPublic finance & taxation$2imf
606   $aFinance$2imf
606   $aWelfare & benefit systems$2imf
606   $aPublic debt$2imf
606   $aReal interest rates$2imf
606   $aConsumption$2imf
606   $aLabor taxes$2imf
606   $aFiscal policy$2imf
606   $aDebts, Public$2imf
606   $aInterest rates$2imf
606   $aEconomics$2imf
606   $aIncome tax$2imf
607   $aUnited States$2imf
615  0$aFiscal policy$xEconometric models.
615  0$aEconomic policy$xEconometric models.
615  7$aBanks and Banking
615  7$aMacroeconomics
615  7$aPublic Finance
615  7$aTaxation
615  7$aDebt
615  7$aDebt Management
615  7$aSovereign Debt
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aPersonal Income and Other Nonbusiness Taxes and Subsidies
615  7$aFiscal Policy
615  7$aPublic finance & taxation
615  7$aFinance
615  7$aWelfare & benefit systems
615  7$aPublic debt
615  7$aReal interest rates
615  7$aConsumption
615  7$aLabor taxes
615  7$aFiscal policy
615  7$aDebts, Public
615  7$aInterest rates
615  7$aEconomics
615  7$aIncome tax
700   $aKumar$b Manmohan$01464134
701   $aBotman$b Dennis$0901784
712 02$aInternational Monetary Fund.$bFiscal Affairs Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788405503321
996   $aFundamental Determinants of the Effects of Fiscal Policy$93850026
997   $aUNINA