Download or read book Supply side Economics in a Global Economy written by Enrique G. Mendoza and published by . This book was released on 1995 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent quantitative studies predict large welfare gains from reducing tax distortions in a closed economy, despite costly transitional dynamics to more efficient tax systems. This paper examines transitional dynamics and gains of tax reforms for countries in a global economy, and provides numerical solutions for international tax competition games. Tax reforms in a global economy cause cross-country externalities through capital flows in response to consumption-smoothing and debt-servicing effects, with taxes on world payments affecting the distribution of welfare gains. Within the class of time-invariant tax rates, the gains of replacing income taxes with consumption taxes are large and, in the absence of taxes on foreign assets, the monopoly distortion separating cooperative and noncooperative equilibria is negligible. The analysis starts from a benchmark reflecting current G-7 fiscal policies, and considers the effects of tax reforms on real exchange rates and interest differentials. Tax-distorted equilibrium dynamics are computed using a modified version of the King-Plosser-Rebelo algorithm augmented with shooting routines.

Download or read book Supply Side Follies written by Robert D. Atkinson and published by Rowman & Littlefield Publishers. This book was released on 2006-10-24 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply-Side Follies is a progressive political and economic challenge to the current George W. Bush policies. It debunks commonly held assumptions of conservative economic policies centered on the obsession that tax cuts led to greater productivity and prosperity. These fundamentally flawed policies are setting the United States up for a major economic downturn in the near future. The 21st century knowledge economy requires a fundamentally different approach to boosting growth than simply cutting taxes on the richest investors. The alternative is not, however, to resurrect old Keynesian, populist economics as too many Democrats hope to do. Rather, as Rob Atkinson makes clear, our long-term national welfare and prosperity depends on new economic strategy that fits the realities of the 21st century global, knowledge-based economy: innovation-based growth economics.

Download or read book Foundations of Supply Side Economics written by Victor A. Canto and published by Academic Press. This book was released on 2014-05-10 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.

Download or read book Supply Side Economics in an Integrated World Economy written by Mr.Enrique G. Mendoza and published by International Monetary Fund. This book was released on 1993-11-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The macroeconomic effects of changes in tax and expenditure policies are examined in the context of the competitive equilibrium of a two-country, two-sector model of an integrated world economy. Governments finance purchases and net transfers of tradable and nontradable goods by imposing distortionary taxes on factor incomes and consumption. The model is parameterized and calibrated using data from large industrial economies, including estimates of effective tax rates. Numerical simulations provide estimates of the welfare costs associated with existing distortionary taxes and of the potential gains linked to a more efficient use of these taxes. Welfare gains from tax reforms favoring indirect taxation are substantial. The effects of permanent changes in expenditures depend on their sectoral allocation across tradables and nontradables and on whether they are debtor tax-financed. Trade in goods and assets is very sensitive to fiscal policy changes, but aggregate consumption patterns and welfare implications are not.

Download or read book Reaganomics written by Bruce R. Bartlett and published by Crown. This book was released on 1981 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Supply Side Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-05 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Supply Side Economics Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply-side economics, consumers will benefit from greater supplies of goods and services at lower prices, and employment will increase. Supply-side fiscal policies are designed to increase aggregate supply, as opposed to aggregate demand, thereby expanding output and employment while lowering prices. Such policies are of several general varieties:Investments in human capital, such as education, healthcare, and encouraging the transfer of technologies and business processes, to improve productivity. Encouraging globalized free trade via containerization is a major recent example.Tax reduction, to provide incentives to work, invest and take risks. Lowering income tax rates and eliminating or lowering tariffs are examples of such policies.Investments in new capital equipment and research and development (R&D), to further improve productivity. Allowing businesses to depreciate capital equipment more rapidly gives them an immediate financial incentive to invest in such equipment.Reduction in government regulations, to encourage business formation and expansion. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Supply-side economics Chapter 2: Reaganomics Chapter 3: Economic Recovery Tax Act of 1981 Chapter 4: Fiscal policy Chapter 5: Arthur Laffer Chapter 6: Jude Wanniski Chapter 7: Tax cut Chapter 8: Trickle-down economics Chapter 9: Dynamic scoring Chapter 10: Stephen Moore (writer) Chapter 11: Fiscal conservatism Chapter 12: Tax efficiency Chapter 13: Bush tax cuts Chapter 14: Larry Kudlow Chapter 15: Laffer curve Chapter 16: Political debates about the United States federal budget Chapter 17: Deficit reduction in the United States Chapter 18: Kansas experiment Chapter 19: Reagan tax cuts Chapter 20: Economic policy of the Donald Trump administration Chapter 21: Tax Cuts and Jobs Act (II) Answering the public top questions about supply side economics. (III) Real world examples for the usage of supply side economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Supply Side Economics.

Download or read book Supply side Economics in an Integrated World Economy written by Enrique Gabriel Mendoza Estrada and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Supply and Demand written by Lawrence Robert Klein and published by Baltimore, Md. : Johns Hopkins University Press. This book was released on 1983 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lectures on the economics of supply and demand - discusses related economic theories, implementation of supply side economic policies (incl. Incomes policy and indexation), supply-side economic modeling, challenges to Keynesian economics from the supply side, Rational Expectations and monetarism, etc.; includes simulations of the global impact of petroleum price increases. Bibliography, graphs and references.

Download or read book Blueprints of Prosperity written by Azhar ul Haque Sario and published by tredition. This book was released on 2024-09-04 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Blueprints of Prosperity: Navigating Global Economic Landscapes" serves as a comprehensive exploration of the application and impact of major economic theories in developed nations. This work meticulously examines how countries have leveraged classical, Marxist, Keynesian, Monetarist, and other economic frameworks to shape their policies and respond to various economic challenges. From the foundational principles laid out by Adam Smith to the modern adaptations of New Keynesian and Behavioral Economics, each theory is contextualized within specific national histories, providing a rich tapestry of how economic thought influences practical governance and policy-making. Through detailed case studies and comparative analyses, the book delves into the successes and failures of economic strategies across different contexts such as the United States, the United Kingdom, Germany, Japan, and Scandinavian countries. It discusses the evolution of these theories over time and their relevance in addressing contemporary economic issues like global crises, inequality, and technological disruptions. Each chapter offers an in-depth look at a particular economic school, examining its foundational concepts, historical applications, and the critiques it has faced over time, thus offering readers a nuanced understanding of both the theory and its practical implications. "Blueprints of Prosperity" is an essential resource for scholars, policymakers, and economic enthusiasts interested in the dynamics of economic theory and its role in shaping the global economic landscape. The book not only provides historical insights but also projects future trends and the evolution of economic thought in the face of changing global conditions. With its rigorous analysis and engaging narrative, it stands as a significant contribution to the field of economic literature, offering deep, actionable insights into how developed nations can navigate their economic futures.

Download or read book The Way the World Works written by Bishop of Hippo Wanniski and published by Regnery Publishing. This book was released on 1998-07-01 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: To celebrate the 20th anniversary of the book which helped launch the current economic miracle, Gateway Books is proudly repackaging and re-releasing The Way the World Works. Jude Wanniski's masterpiece defined the economic policies of the 1980s responsible for a booming stock market, the creation of thirty million new jobs, untold wealth, and unparalleled prosperity.

Download or read book New Supply Side Economics written by Lin Xiao and published by Springer. This book was released on 2017-08-16 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the basic theoretical framework and conducts a logical analysis of China’s new supply-side economics, while also providing a strategic path to remedy the plight of China’s economic development. From the perspective of connotation, theory and methods, China’s structural reform differs both from that proposed by the Western supply-side school or supply-side economics, and from that proposed by structural economists. The theoretical basis of supply-side structural reform falls under socialist political economics with Chinese characteristics, and the new supply-side economics represent an important component of socialist political economics with Chinese characteristics.

Download or read book Supply Side Policies written by Mark Cook and published by Heinemann. This book was released on 2001 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series is written around key areas of economics and business studies. Each individual title reflects headings in exam board specifications, to enable students to know which books to buy. The books include data and diagrams which aim to offer comprehensive facts on each subject.

Download or read book Demand Side Economics Demand Side Minds written by Alan Harvey and published by Createspace Independent Publishing Platform. This book was released on 2012-07-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is an economics that works, that rescued the nation from the depths of the Great Depression, that organized the mobilization of World War II, that executed a successful transition from war to peace, that built the peace into prosperity, that explained the instability and decline, and that predicted the Great Financial Crisis. This economics was abandoned, partly for the benefit of a corporate oligarchy which now controls public policy. This economics now points the way out of stagnation and uncertainty, and it embraces the challenges of world poverty and global climate change. This is the economics of John Maynard Keynes and the new Deal. Demand Side Economics draws the history and explains the thinking of nine great economists. This is a cogent treatment of complex events and concepts that will lead the reader to an understanding of what happened and why. The policy answers it projects are 180 degrees from the austerity, small government and bail-outs for the few that is the current path. Massive private debt has conspired with an orthodox economics that literally ignores that debt to put the world in a financial vise. Public policy is controlled by those who must save an architecture that cannot be saved. Markets have become casinos, with chips provided by central banks, whose players keep the winnings, but shift any losses onto the taxpayer. The foundations of sturdy, stable growth are ignored or abandoned to the detriment of all. Public goods, the Commons, the long-term survival of the planet, and the needs of the world's poor are not costs which must be minimized, but opportunities to create value and organize recovery. It is ignoring the great challenges that is truly unaffordable History, theory, evidence, presented clearly for the reader's own conclusions. We present John Maynard Keynes, the godfather of macoeconomics and Demand Side economics; Leon Keyserling, representing the New Deal and the successful transition from war to prosperity under Harry Truman John Kenneth Galbraith, with his unapologetic look at the character of affluence and the rise of the corporation; Hyman Minsky, exploring his financial instability hypothesis, the main line of Keynes into Finance; Joseph Stiglitz, looking at the cruel hoax of free market capitalism foisted on the developing world; James K. Galbraith, bringing insight into the capture of government by the corporation; George Soros, explaining how markets really work; Steve Keen, developing Minsky and Keynes into compelling economic models that actually predict real outcomes; Nouriel Roubini, taking apart the European debt and banking crisis, and presaging the trouble to come. The book suggest that central bankers do not understand how money is created. Market-first economists imagine an economy that does not exist. General equilibrium forecasters propose an invisible hand that does not exist. Elaborate mathematical expressions of the workings of the economy - "models" - present an elegant description, but of an entirely hypo¬thetical world. Whole schools of economic thought, scores of careers, thousands of academic papers and texts have been built on patently false assumptions. Models commonly used to predict, even in the aftermath of a financial crisis born in the banking system, do not include a banking sector. Massive private debt is ignored, while at the same time the public sector - government - is excoriated for somehow slipping back through time to be the cause of the financial crisis. Jobs, physical and social infrastructure, and preparation for a looming climate crisis are all deemed too expensive to buy directly. This is exactly wrong. The first error of orthodox economics is that the economy is constrained by resources. It is constrained by demand. Direct spending on these critical needs is the route out of this Second Depression. Substantial, disciplined, public demand can right the economy for all sectors, and for our collective future.

Download or read book Econoclasts written by Brian Domitrovic and published by Simon and Schuster. This book was released on 2023-10-03 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history we can't afford to forget. At last, the definitive history of supply-side economics—an incredibly timely work that reveals the foundations of America's prosperity when those very foundations are under attack. In the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s stagflation and ushered in an unprecedented quarter-century run of growth and opportunity. Based on the author's years of archival research, Econoclasts is a masterful narrative history in the tradition of Amity Shlaes's The Forgotten Man and John Steele Gordon's An Empire of Wealth.

Download or read book SUPPLY SIDE ECONOMICS IN AN INTEGRATES WORLD ECONOMY written by Enrique G. MENDOZA and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Understanding the World Economy written by Tony Cleaver and published by Routledge. This book was released on 2013-12-19 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: With globalization continuing apace, the world economy continues to experience dramatic change and development. This third edition builds on the popular format of its predecessors to provide the best concise guide to its subject for students of international economics. Since the previous edition, new developments covered include: the ongoing impact of 9/11 and the Iraq War the increased number of free trade agreements, custom unions and common markets, including the recent accession of ten new countries to the European Union in 2004 an acknowledgement of the huge impact of private firms in shaping the global economy an examination of the role of the International Monetary Fund, World Bank and World Trade Organization. The book takes the student through the major characteristics of the global economy in jargon-free non-technical language. Chapter summary diagrams and a wealth of boxes and tables make this an essential introduction for undergraduates and A-level students as well as the casual reader.

Download or read book Supply Side Follies written by Robert Atkinson and published by Rowman & Littlefield. This book was released on 2007-10-29 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply-Side Follies methodically debunks the common assumptions of conservative economics and demonstrates why it is a 'flawed doctrine' that is setting up the U.S. for a major economic downturn in the near future.