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Automatic Fiscal Stabilizers

Automatic Fiscal Stabilizers »

Source: Automatic Fiscal Stabilizers

Volume/Issue: 2009/23

Series: IMF Staff Position Notes

Author(s): Steven Symansky , and Thomas Baunsgaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2009

ISBN: 9781455290567

Keywords: Fiscal stability, macroeconomic stabilization, personal income tax, income tax, taxes, fiscal policy, tax rates

This paper discusses how to enhance automatic stabilizers without increasing the size of government. We distinguish between permanent changes in the parameters of the tax and expenditure system (e.g., changes in ta...

Debt Stabilization Bias and the Taylor Principle

Debt Stabilization Bias and the Taylor Principle »

Source: Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Volume/Issue: 2007/206

Series: IMF Working Papers

Author(s): David Vines , and Sven Jari Stehn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867701

Keywords: Stabilization Bias, control of inflation, aggregate demand, monetary economics,

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a 'debt stab...

Fiscal Federalism in Europe

Fiscal Federalism in Europe »

Source: Fiscal Federalism in Europe : Is it a Necessary Precondition for a Successful European Economic and Monetary Integration?

Volume/Issue: 1994/74

Series: IMF Working Papers

Author(s): Norbert Berthold

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

ISBN: 9781451849523

Keywords: monetary union, fiscal stabilization policies, fiscal federalism, fiscal stabilization

An important question in the process of European integration concerns the best institutional level for stabilization policies. The theory of fiscal federalism gives criteria for evaluating if fiscal stabilization p...

Automatic Fiscal Stabilizers

Automatic Fiscal Stabilizers »

Volume/Issue: 2009/23

Series: IMF Staff Position Notes

Author(s): Steven Symansky , and Thomas Baunsgaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2009

DOI: http://dx.doi.org/10.5089/9781455290567.004

ISBN: 9781455290567

Keywords: Fiscal stability, macroeconomic stabilization, personal income tax, income tax, taxes, fiscal policy, tax rates

This paper discusses how to enhance automatic stabilizers without increasing the size of government. We distinguish between permanent changes in the parameters of the tax and expenditure system (e.g., changes in ta...

Fiscal Federalism in Europe
			: Is it a Necessary Precondition for a Successful European Economic and Monetary Integration?

Fiscal Federalism in Europe : Is it a Necessary Precondition for a Successful European Economic and Monetary Integration? »

Volume/Issue: 1994/74

Series: IMF Working Papers

Author(s): Norbert Berthold

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

DOI: http://dx.doi.org/10.5089/9781451849523.001

ISBN: 9781451849523

Keywords: monetary union, fiscal stabilization policies, fiscal federalism, fiscal stabilization

An important question in the process of European integration concerns the best institutional level for stabilization policies. The theory of fiscal federalism gives criteria for evaluating if fiscal stabilization p...

Trade Linkages, Balance Sheets, and Spillovers
			: The Germany-Central European Supply Chain

Trade Linkages, Balance Sheets, and Spillovers : The Germany-Central European Supply Chain »

Volume/Issue: 2013/210

Series: IMF Working Papers

Author(s): Selim Elekdag , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2013

DOI: http://dx.doi.org/10.5089/9781484355183.001

ISBN: 9781484355183

Keywords: Slovakia, vertical integration, vertical specialization, supply chain, DSGE models, financial accelerator, trade, gdp, supply, aggregate demand

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe—the...

Debt Stabilization Bias and the Taylor Principle
			: Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence »

Volume/Issue: 2007/206

Series: IMF Working Papers

Author(s): David Vines , and Sven Jari Stehn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

DOI: http://dx.doi.org/10.5089/9781451867701.001

ISBN: 9781451867701

Keywords: Stabilization Bias, control of inflation, aggregate demand, monetary economics,

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a 'debt stab...

Trade Linkages, Balance Sheets, and Spillovers

Trade Linkages, Balance Sheets, and Spillovers »

Source: Trade Linkages, Balance Sheets, and Spillovers : The Germany-Central European Supply Chain

Volume/Issue: 2013/210

Series: IMF Working Papers

Author(s): Selim Elekdag , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2013

ISBN: 9781484355183

Keywords: Slovakia, vertical integration, vertical specialization, supply chain, DSGE models, financial accelerator, trade, gdp, supply, aggregate demand

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe—the...