Download or read book Getting Into the Nitty Gritty of Fiscal Multipliers Small Details Big Impacts written by José Federico Geli and published by International Monetary Fund. This book was released on 2023-02-10 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the remarkable progress the literature has made throughout the past years in studying fiscal multipliers, estimates still vary considerably across studies. Partly, estimates differ because of context-specific variables that affect multipliers, but also because of the lack of a standardized framework to calculate and report them, making comparisons among studies hard to make. In this paper, we use a large panel of countries to study how some important methodological details affect the empirical estimates. Focusing on emerging economies, we show how slight changes in the filtering approach of fiscal forecast errors or the accumulation procedure of responses can significantly impact estimates. We emphasize that one of the most important features of estimating multipliers is the endogenous dynamic responses of fiscal variables to fiscal shocks, and therefore we argue against reporting multipliers as simply the output response to exogenous fiscal innovations. Although our baseline results are in line with the previous studies, our standardized framework allow us to make fairer comparisons of multiplier estimates across budgetary items and country income groups.
Download or read book Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes The Case of Bolivia written by Tannous Kass-Hanna and published by International Monetary Fund. This book was released on 2023-11-17 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal consolidation strategy. Multipliers are also estimated using alternative assumptions about the accompanying exchange rate regime and capital mobility, highlighting the importance of the policy mix in determining the impact of fiscal adjustments. The study exploits the DSGE modeling structure to assess this interaction of fiscal and monetary policy in a lower middle-income country under different exchange rate regimes. It finds that expenditure multipliers fall into the range of 1/3 to 2/3, with public investment multipliers slightly higher than government consumption multipliers over longer horizons, and multipliers generally higher under a peg than inflation targeting. Tax multipliers are shown to be about half of expenditure multipliers.
Download or read book Building Back Better How Big Are Green Spending Multipliers written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-03-19 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink activities can generate more than a dollar’s worth of economic activity. Although not all green and non-ecofriendly expenditures in the dataset are strictly comparable due to data limitations, estimated multipliers associated with spending on renewable and fossil fuel energy investment are comparable, and the former (1.1-1.5) are larger than the latter (0.5-0.6) with over 90 percent probability. These findings survive several robustness checks and lend support to bottom-up analyses arguing that stabilizing climate and reversing biodiversity loss are not at odds with continuing economic advances.
Download or read book New Challenges New Tools for Defense Decisionmaking written by Stuart E. Johnson and published by Rand Corporation. This book was released on 2003 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses the challenges of this changed world, the difficulties for defense planning these challenges engender, and new analytic techniques for framing these complex problems.
Download or read book An Agenda for a Growing Europe written by André Sapir and published by Oxford University Press on Demand. This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the report of a high-level group commissioned by the President of the European Commission to review the EU economic system and propose a blueprint for an economic system capable of delivering faster growth along with stability and cohesion.
Download or read book Agent Based Models in Economics written by Domenico Delli Gatti and published by Cambridge University Press. This book was released on 2018-03-22 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first step-by-step introduction to the methodology of agent-based models in economics, their mathematical and statistical analysis, and real-world applications.
Download or read book Essayons written by and published by . This book was released on 2020-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Renminbi Internationalization written by Barry Eichengreen and published by Brookings Institution Press. This book was released on 2015-02-11 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Asian Development Bank Institute publication Meet the next global currency: the Chinese renminbi, or the "redback." Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar. Renminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.
Download or read book The Information Revolution and National Security written by Thomas E. Copeland and published by Strategic Studies Institute. This book was released on 2000 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effects of the information revolution are particularly profound in the realm of national security strategy. They are creating new opportunities for those who master them. The U.S. military, for instance, is exploring ways to seize information superiority during conflicts and thus gain decisive advantages over its opponents. But the information revolution also creates new security threats and vulnerabilities. No nation has made more effective use of the information revolution than the United States, but none is more dependent on information technology. To protect American security, then, military leaders and defense policymakers must understand the information revolution. The essays in this volume are intended to contribute to such an understanding. They grew from a December 1999 conference co-sponsored by the U.S. Army War College Strategic Studies Institute and the University of Pittsburgh Matthew B. Ridgway Center for International Security Studies. The conference brought together some of the foremost members of the academic strategic studies community with representatives of the U.S. Government and U.S. military. As could be expected when examining a topic as complex as the relationship between the information revolution and national security, the presentations and discussions were far-ranging, covering such issues as the global implications of the information revolution, the need for a national information security strategy, and the role of information in U.S. military operations. While many more questions emerged than answers, the conference did suggest some vital tasks that military leaders and defense policymakers must undertake.
Download or read book Big Farms Make Big Flu written by Rob Wallace and published by NYU Press. This book was released on 2016-06-30 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first collection to explore infectious disease, agriculture, economics, and the nature of science together Thanks to breakthroughs in production and food science, agribusiness has been able to devise new ways to grow more food and get it more places more quickly. There is no shortage of news items on hundreds of thousands of hybrid poultry—each animal genetically identical to the next—packed together in megabarns, grown out in a matter of months, then slaughtered, processed and shipped to the other side of the globe. Less well known are the deadly pathogens mutating in, and emerging out of, these specialized agro-environments. In fact, many of the most dangerous new diseases in humans can be traced back to such food systems, among them Campylobacter, Nipah virus, Q fever, hepatitis E, and a variety of novel influenza variants. Agribusiness has known for decades that packing thousands of birds or livestock together results in a monoculture that selects for such disease. But market economics doesn't punish the companies for growing Big Flu—it punishes animals, the environment, consumers, and contract farmers. Alongside growing profits, diseases are permitted to emerge, evolve, and spread with little check. “That is,” writes evolutionary biologist Rob Wallace, “it pays to produce a pathogen that could kill a billion people.” In Big Farms Make Big Flu, a collection of dispatches by turns harrowing and thought-provoking, Wallace tracks the ways influenza and other pathogens emerge from an agriculture controlled by multinational corporations. Wallace details, with a precise and radical wit, the latest in the science of agricultural epidemiology, while at the same time juxtaposing ghastly phenomena such as attempts at producing featherless chickens, microbial time travel, and neoliberal Ebola. Wallace also offers sensible alternatives to lethal agribusiness. Some, such as farming cooperatives, integrated pathogen management, and mixed crop-livestock systems, are already in practice off the agribusiness grid. While many books cover facets of food or outbreaks, Wallace's collection appears the first to explore infectious disease, agriculture, economics and the nature of science together. Big Farms Make Big Flu integrates the political economies of disease and science to derive a new understanding of the evolution of infections. Highly capitalized agriculture may be farming pathogens as much as chickens or corn.
Download or read book Post Walrasian Macroeconomics written by David Colander and published by Cambridge University Press. This book was released on 2006-07-17 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.
Download or read book Teaching STEM in the Secondary School written by Frank Banks and published by Routledge. This book was released on 2020-12-29 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: considers what the STEM subjects contribute separately to the curriculum and how they relate to each other in the wider education of secondary school students describes and evaluates different curriculum models for STEM suggests ways in which a critical approach to the pedagogy of the classroom, laboratory and workshop can support and encourage all pupils to engage fully in STEM addresses the practicalities of introducing, organising and sustaining STEM-related activities in the secondary school looks to ways schools can manage and sustain STEM approaches in the long-term
Download or read book Surveillance Valley written by Yasha Levine and published by PublicAffairs. This book was released on 2018-02-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The internet is the most effective weapon the government has ever built. In this fascinating book, investigative reporter Yasha Levine uncovers the secret origins of the internet, tracing it back to a Pentagon counterinsurgency surveillance project. A visionary intelligence officer, William Godel, realized that the key to winning the war in Vietnam was not outgunning the enemy, but using new information technology to understand their motives and anticipate their movements. This idea -- using computers to spy on people and groups perceived as a threat, both at home and abroad -- drove ARPA to develop the internet in the 1960s, and continues to be at the heart of the modern internet we all know and use today. As Levine shows, surveillance wasn't something that suddenly appeared on the internet; it was woven into the fabric of the technology. But this isn't just a story about the NSA or other domestic programs run by the government. As the book spins forward in time, Levine examines the private surveillance business that powers tech-industry giants like Google, Facebook, and Amazon, revealing how these companies spy on their users for profit, all while doing double duty as military and intelligence contractors. Levine shows that the military and Silicon Valley are effectively inseparable: a military-digital complex that permeates everything connected to the internet, even coopting and weaponizing the antigovernment privacy movement that sprang up in the wake of Edward Snowden. With deep research, skilled storytelling, and provocative arguments, Surveillance Valley will change the way you think about the news -- and the device on which you read it.
Download or read book Past Present and Future of Statistical Science written by Xihong Lin and published by CRC Press. This book was released on 2014-03-26 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: Past, Present, and Future of Statistical Science was commissioned in 2013 by the Committee of Presidents of Statistical Societies (COPSS) to celebrate its 50th anniversary and the International Year of Statistics. COPSS consists of five charter member statistical societies in North America and is best known for sponsoring prestigious awards in stat
Download or read book The Future of Election Administration written by Mitchell Brown and published by Springer. This book was released on 2019-07-19 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the American election administration landscape changes as a result of major court cases, national and state legislation, changes in professionalism, and the evolution of equipment and security, so must the work of on-the-ground practitioners change. This Open Access title presents a series of case studies designed to highlight practical responses to these changes from the national, state, and local levels. This book is designed to be a companion piece to The Future of Election Administration, which surveys these critical dimensions of elections from the perspectives of the most forward-thinking practitioner, policy, advocacy, and research experts and leaders in these areas today. Drawing upon principles of professionalism and the practical work that is required to administer elections as part of the complex systems, this book lifts up the voices and experiences of practitioners from around the country to describe, analyze, and anticipate the key areas of election administration systems on which students, researchers, advocates, policy makers, and practitioners should focus. Together, these books add to the emerging body of literature that is part of the election sciences community with an emphasis on the practical aspects of administration.
Download or read book Fiscal Multipliers and the State of the Economy written by Ms.Anja Baum and published by International Monetary Fund. This book was released on 2012-12-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (excluding Italy). Our results show that fiscal multipliers differ across countries, calling for a tailored use of fiscal policy. Moreover, the position in the business cycle affects the impact of fiscal policy on output: on average, government spending, and revenue multipliers tend to be larger in downturns than in expansions. This asymmetry has implications for the choice between an upfront fiscal adjustment versus a more gradual approach.
Download or read book Accessible Elements written by Dietmar Karl Kennepohl and published by Athabasca University Press. This book was released on 2010 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accessible Elements informs science educators about current practices in online and distance education: distance-delivered methods for laboratory coursework, the requisite administrative and institutional aspects of online and distance teaching, and the relevant educational theory. Delivery of university-level courses through online and distance education is a method of providing equal access to students seeking post-secondary education. Distance delivery offers practical alternatives to traditional on-campus education for students limited by barriers such as classroom scheduling, physical location, finances, or job and family commitments. The growing recognition and acceptance of distance education, coupled with the rapidly increasing demand for accessibility and flexible delivery of courses, has made distance education a viable and popular option for many people to meet their science educational goals.
