The International Effects of Government Spending Composition / / Giovanni Ganelli

• Autore: Ganelli Giovanni
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2005
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (19 p.)
• Soggetto topico: Government spending policy - Econometric models; Civil service - Econometric models; Fiscal policy - Econometric models; Labor; Macroeconomics; Public Finance; Macroeconomics: Consumption; Saving; Wealth; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; National Government Expenditures and Related Policies: General; Labour; income economics; Public finance & taxation; Public employment; Consumption; Expenditure; Government consumption; Private consumption; Economics; Economic theory; Expenditures, Public
• Note generali: "January 2005."; At head of title: Fiscal Affairs Department.
• Nota di bibliografia: Includes bibliographical references (p. 18).
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. THE EFFECTS OF GOVERNMENT SPENDING COMPOSITION""; ""IV. CONCLUSIONS""; ""REFERENCES""
• Sommario/riassunto: 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.
• Titolo autorizzato: The International Effects of Government Spending Composition
• ISBN: 1-4623-3975-1; 1-4527-8145-1; 1-282-04432-X; 1-4519-0559-9; 9786613797469
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910819874003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2005/004