A new open-economy-macro model fiscal policy evaluation / / [prepared by] Dennis Botman ... [et al.]

• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Fiscal Affairs Department and Research Department, 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (46 p.)
• Soggetto topico: Fiscal policy - Econometric models; Macroeconomics
• Altri autori: BotmanDennis (Dennis Petrus Johannes)
• Note generali: "February 2006."
• Nota di bibliografia: Includes bibliographical references (p. 23-26).
• Nota di contenuto: ""Contents""; ""I. Introduction""; ""II. The Model""; ""III. The Effects of Tax Cuts in a Small and Large Open Economy""; ""IV. Sensitivity Analysis""; ""V. Conclusion""; ""References""
• Sommario/riassunto: We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of (i) distortionary labor and corporate income taxation; (ii) limited asset market participation; and (iii) because the overlapping-generations structure results in a disconnect between current and future generations. We consider a permanent increase in government debt following a cut in labor or corporate income taxes in a small and large open economy. We analyze the sensitivity of the results to the key structural parameters of the model and argue that under plausible assumptions there will be significant crowding-out effects associated with permanent increases in government debt.
• Titolo autorizzato: A new open-economy-macro model fiscal policy evaluation
• ISBN: 1-4623-1651-4; 1-4527-5721-6; 1-283-51484-2; 1-4519-0841-5; 9786613827296
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910810748303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/07/45.