Series: IMF Working Papers
Author(s): Manmohan Kumar , and Dennis Botman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2006
Keywords: spillover effects, tax reform, privatizing retirement saving; non-Ricardian model, taxation, labor income, private consumption, Open Economy Macroeconomics, International Policy Coordination and Transmission, Fiscal Policies and Behavior of Economic Agents: General, Social Security and Public Pensions
We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to...