منابع مشابه
India: Today’s Fiscal Policy Imperatives Seen in the Context of Longer-Term Challenges and Risks, Peter Heller
Much has been written, both in the past and in the context of this conference, as to the reasons why India must pursue a course of fiscal consolidation. This paper adds another reason: that India will confront, looking ahead a decade or more, policy challenges and uncertainties arising both from its own political, social, demographic, environmental, and economic situation as well as from outsid...
متن کاملOn the Inequality Effects of Fiscal Policy
increasing concern with income distribution effects rather than growth effects of government activities has prompted numerous incidence analysis of government tax and expenditure behavior, in this paper, the extent of government contributions to changes in income inequality is analyzed for the Iranian economy. Some major findings of this research is that income distribution in urban areas was m...
متن کاملCommentary: Fiscal Policy and the Fiscal Position
As economics has developed, a number of different fiscal principles have been suggested. Perhaps the oldest principle was that the Government should balance its books. This principle was adopted by the 1979 Conservative Government but they delivered a budget in balance or in surplus only in 1988/89 and 1989/90. The same principle has been adopted in the Stability and Growth Pact, albeit with an...
متن کاملFiscal Policy and the Term Structure of Interest Rates ∗
Macroeconomists want to understand the effects of fiscal policy on interest rates, while financial economists look for the factors that drive the dynamics of the yield curve. To shed light on both issues, we present an empirical macrofinance model that combines a no-arbitrage affine term structure model with a set of structural restrictions that allow us to identify fiscal policy shocks, and tr...
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ژورنال
عنوان ژورنال: National Institute Economic Review
سال: 2011
ISSN: 0027-9501,1741-3036
DOI: 10.1177/0027950111420944