aCASTROL ALPHASYN T 150 CASTROL ALPHASYN T 150[translate] adepressing effects of the spending cuts suggests that the deficit-driven tax increases have a larger positive impact on output 控制为开销削减的抑制效应建议缺乏被驾驶的税增量有对产品的一个更大的积极的影响[translate]...
No one wants to make that mistake again. Politicians now tend to rely instead ondeficit spending, tax cuts, and other forms ofexpansionary fiscal policy. Because of that, the U.S. national debt has increased to a very high level.
Public policy The Role of Composition in Deficit-Driven Fiscal Consolidations| The Differing Effects of Spending Cuts and Tax Hikes on Economic Activity GEORGETOWN UNIVERSITY Andreas T. Kern RyanJulie AFiscal consolidation has become more common among advanced countries after the 2008 global financial ...
Using panel data on military spending for 125 countries, we document new facts about the effects of changes in government purchases on the real exchange rate, consumption, and current accounts in both advanced and developing countries. While an increase in government purchases causes real exchange ra...
We construct the impulse responses to three linear combinations of these fiscal shocks, corresponding to the three scenarios of deficit-spending, deficit-financed tax cuts and a balanced budget spending expansion. We apply the method to US quarterly data from 1955 to 2000. We find that deficit-...
Effects of a Budget Deficit Budget deficits affect individuals, businesses, and the overall economy. As the government takes steps to improve the deficit, spending for programs such as Medicare or Social Security may be curtailed. Improvements to infrastructure may also be affected. ...
In addition, we construct the impulse responses to three linear combinations of fiscal shocks, corresponding to the three scenarios of deficit-spending, deficit-financed tax cuts and a balanced budget spending expansion. Policy implications from the results vary depending on the source of CO2 ...
We show how the interaction of the latter with sticky prices and deficit financing can account for the existing evidence on the effects of government spending.关键词: Rule-of-thumb consumers fiscal multiplier government spending Taylor rules
Government vacancy cuts are associated with the highest output losses and the lowest gains in terms of deficit reductions. This is because such shocks generate an additional wealth effect: they induce a fall in the number of working members of the household that leads to a fall in private ...
The long-termmacroeconomicimpacts of fiscal deficits are subject to debate. If the deficit arises due to short-termspending projectssuch as infrastructure spending or business grants, these sectors commonly see a boost in operations and profitability. If the deficit increases because receipts have falle...