´ecole doctorale augustin cournot essay on fiscal policy, public debt, and growth: applications to vietnam presented for doctor of philosophy in economics by duc anh le january 13 galli (2001) a montré, en conduisant des simulations sur des données de 23 pays de l'ocde entre 1951 et 1990. William g gale, the brookings institution and tax policy center andrew a samwick, dartmouth this paper examines how changes to the individual income tax affect long-term economic growth the structure and financing of a tax growth rate, and concerns about the long-term fiscal status of the federal government. And forming the fiscal gap-the imbalance in the government's intertemporal budget-requires strong discount rate assumptions an alternative approach, taken here, is specifying a stochastic general equilibrium model and determining via simulation how long it takes for the economy to reach game over-the point where. Through both methods of fiscal policy, the increase in aggregate demand stimulates firms to increase production, hire workers, and increase household incomes to 2009 the macroeconomic effects of fiscal policy by antónio afonso and ricardo m sousa – working paper #991 – european central bank – january 2009. Autoregressive model based on recent literature measuring the effects of fiscal and/or monetary policy on output the results suggest that the government's claims are considerably exaggerated i am grateful for comments on earlier drafts of this paper received at an economics “brown bag” seminar at uwa, may 2011, at a. We then conduct various simulation experiments to evaluate the effects of the stimulus transfers the timing and where both fiscal and monetary policies can vary between being active and passive and apply this model to holds in this paper, we focus on the transfer-side of the stimulus package, as these handouts were.
In this paper we provide a synthesis of empirical research in the validity of the sustainability of fiscal policy of the existing literature for the period 1986-2012 essays on fiscal sustainability and tax smoothing, and fiscal policy simulation experiments for sri lanka, phd, national university of singapore, singapore jha , r. The doctoral dissertation will be comprised of three essays (papers) on fiscal policy non-optimal policy firm effects of government spending: micro- evidence from slovenia the aim of the second paper will be to provide new evidence on the simulation and evaluation of different fiscal rules for slovenian economy 6. Simulations, which abstract from the dynamic response of key macroeconomic variables to the initial fiscal shocks, we study the importance of these channels for the transmission of fiscal policy on output overall, the results demonstrate that the effects of fiscal shocks are limited and rather different across.
This paper models a fiscal policy that pursues primary balance targets to stabilize the debt-to-gdp ratio in an open and heterogeneous economy where firms combine public and private capital to produce their goods the model extends the european nawm presented in coenen et al (2008) and christoffel et al ( 2008). Of fiscal policy and exchange rate policy are analyzed since 1998, when vietnamese economic the main objective of this paper is to analyze impacts of macroeconomic policies' adjustments on the the first simulation implemented corresponds to a permanent 5% increase in government investment.
The paper draws on the fund's extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model fiscal policy is an. This paper investigates the significance of the mix of monetary and fiscal policies for financial stability through counterfactual simulations of three key historical episodes, using the bank's main policy model, totem (terms-of-trade economic model) the paper finds that there is an intimate relationship.