Download or read book Fiscal Policy Can Reduce Unemployment written by Roger E. A. Farmer and published by . This book was released on 2009 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policy Can Reduce Unemployment written by Roger E. A. Farmer and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policy after the Financial Crisis written by Alberto Alesina and published by University of Chicago Press. This book was released on 2013-06-25 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Download or read book Fiscal Policy Can Reduce Unemployment written by Roger E. A. Farmer and published by . This book was released on 2009 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a model with a continuum of equilibrium unemployment rates to explore the effectiveness of fiscal policy. The existence of multiple steady state unemployment rates is explained by the absence of markets for the inputs to a search technology for matching unemployed workers with vacant jobs. I explain the current financial crisis as a shift to a high unemployment equilibrium, induced by the self-fulfilling beliefs of market participants about asset prices. Using this model, I ask two questions. 1) Can fiscal policy help us out of the crisis? 2) Is there an alternative to fiscal policy that is less costly and more effective? The answer to both questions is yes.

Download or read book Automatic Fiscal Policies to Combat Recessions written by Laurence S. Seidman and published by Routledge. This book was released on 2015-04-08 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the most prominent research in the field, this timely book offers bold new fiscal policies that can complement current automatic stabilizers and counter-cyclical monetary policy to help combat recessions. Dr. Seidman argues for an independent fiscal policy board or the Federal Reserve to decide changes in the magnitude of Congress's fiscal policy package of stimulus or restraint, with recommendations going into effect immediately, subject only to Congressional override.

Download or read book Fiscal Policy and Employment in Advanced and Emerging Economies written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-06-15 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging economies, the paper provides a unified assessment of tax and expenditure measures that have usually been addressed separately. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment through aggregate demand effects. It also discusses policies to improve the matching of labor supply and demand, and the principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on fiscal policies and labor market outturns for advanced and emerging economies is provided, permitting cross-country comparisons to facilitate the design of reform strategies.

Download or read book Fiscal Policy and Long Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. 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.

Download or read book The Best Way to Reduce Unemployment is to Create More Jobs written by National Manpower Policy Task Force and published by . This book was released on 1975 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Does Fiscal Policy Reduce Unemployment Evidence from Pork Barrel Spending written by Andrew Leigh and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the effect of government spending on unemployment are potentially confounded by reverse causality. To address the endogeneity problem, we exploit variation in a pork-barrel road-building program, and find that higher government expenditure on road-building substantially reduces local unemployment.

Download or read book Taxation and Unemployment written by Mr.Howell H. Zee and published by International Monetary Fund. This book was released on 1996-05-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews conceptual linkages between taxation and unemployment, available empirical evidence and country policies that may have a bearing on these linkages in the OECD and in a sample of developing and transitional economies, Fund policy advice on these issues, and tax policy options in addressing the unemployment problem. It concludes that the emphasis in policy should be placed on minimizing tax distortions, rather than on formulating activist tax policies to reduce unemployment.

Download or read book Fiscal and Monetary Policy for High Employment written by Committee for Economic Development and published by New York. This book was released on 1962 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Alternative Anti inflation Policies to Reduce Unemployment written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1982 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On Unemployment Volume II written by Mark R. Reiff and published by Springer. This book was released on 2015-10-07 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: With unemployment at historically high rates that show signs of becoming structural, there is a pressing need for an in-depth exploration of this economic injustice. Unemployment is one of the problems most likely to put critical pressure on our political institutions, disrupt the social fabric of our way of life, and even threaten the continuation of liberalism itself. Despite the obvious importance of the problem of unemployment, however, there has been a curious lack of attention paid to this issue by contemporary non-Marxist political philosophers. On Unemployment explores the moral implications of the problem of unemployment despite the continuing uncertainty involving both its causes and its cures. Reiff takes up a series of questions about the nature of unemployment and what justice has to tell us about what we should do, if anything, to alleviate it. The book comprehensively discusses the related theory and suggests how we might implement these more general observations in the real world. It addresses the politics of unemployment and the extent to which opposition to some or all of the book's various proposals stem not from empirical disagreements about the best solutions, but from more basic moral disagreements about whether the reduction of unemployment is indeed an appropriate moral goal. This exciting new text will be essential for scholars and readers across business, economics, and finance, as well as politics, philosophy, and sociology.

Download or read book Employment without Inflation written by Benjamin Higgins and published by Routledge. This book was released on 2018-01-16 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy has undergone a fundamental transformation in recent decades and theoretical structures inherited from the 1930s through the 1950s, while retaining large elements of truth, are inadequate to deal with current problems. Benjamin Higgins feels that for a society such as the United States a fiscal policy needs to be adopted that can deal simultaneously with existing unemployment and inflation. He suggests three possible governmental policies: stimulating a high rate of long-run growth, by use of reward innovations and by maintaining the highest possible level of scientific and technical activity; isolating regions that are generators of inflation and others that are pools for unemployment; and establishing a system of direct controls similar to those used in wartime. Higgins describes the transformation of the cogent prewar business cycle, with its alternations of inflation or unemployment, then a transitional period of underemployment equilibrium and secular stagnation, and finally, the strange new world of today, one with economic fluctuations in the form of shifting trade-off curves and loops. He then applies his new paradigm to current problems, showing why they cannot be managed through macroeconomic monetary and fiscal policy. Higgins offers case studies of efforts to fight inflation and unemployment, and to reduce regional gaps, to show their strengths and weaknesses. It can be said that unemployment always results from too many people chasing too few jobs, and inflation is always caused by too much money chasing too few goods and services. Beyond such banal generalizations, Higgins maintains there is no single cause for either unemployment or inflation, and thus no single cure can be prescribed for either, let alone for both at once. Nor is it to be expected that the appropriate cure will prove to be the same in all countries at all times. He suggests that an optimal blend of monetary and fiscal policy that will produce the "minimum discomfort" is a good start. Employment Without Inflation will be of direct policy interest to economists, sociologists, and national planners.

Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

Download or read book Governmental Policies to Reduce Unemployment During Recessions written by Tom Bauermann and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The persistently low and (partly) negative output growth in Germany in 2019 evoked memories of the recent global economic crisis and, by this, sparked debates about measures to counter the growing number of unemployed, for example changing the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical literature of policy responses to recessions by analyzing three prominent instruments: a) a permanent (simultaneous) reduction of unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that use, e.g., search (and matching) models, I build an agent-based macroeconomic model (ABM). Using an ABM allows me to analyze the macro- and microeconomic effects of such policies as well as their interplay. Further, I can analyze the effects from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and its effects are limited in the long run. This is contrary to the canonical search and matching models, even though the policy reveals the same "desired“ effects, e.g. shorter unemployment spells. Nevertheless, it confirms recent research on the topic. 2) However, contrary policies, i.e. increasing the unemployment benefits, do not improve the situation either. Unemployment rather increases in the long run. 3) In comparison to a), policies b) and c) can dampen unemployment in the short run. 4) In contrast to representative agent (equilibrium) models, I can show that short-time work supports the economic recovery through demand stabilization and distributive effects among heterogeneous firms. Especially, the distributive effects of short-time work have not been shown in other papers so far.

Download or read book Monetary and Fiscal Strategies in the World Economy written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2010-01-05 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples. The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Göttingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, at the Research Seminar on Economics in Kassel, and at the Passau Workshop on International Economics.