P.P.S. One of the worst features of the capital gains tax is that there’s no protection against inflation, so politicians win from bad monetary policy. That unfair policy will be exacerbated by the Harris proposal. Share this: Print Email Facebook Twitter More Loading... Read Full Post ...
(the last time was in the 1930s), the key differentiating factor between success and failure was the ability of fiscal and monetary policy leaders to co-ordinate. so what needs to be done now? most importantly, those who will be hardest hit by the virus need to be protected via fiscal ...
Assuming that monetary policy is kept constant (or constrained by the zero lower bound), a change in inflation expectations should translate directly to a change in the perceived real interest rate. The reduction of real interest rates induces an intertemporal substitution effect via the consumption ...
Results point to significant positive effects of a fiscal devaluation on GDP and employment consistent with a real exchange devalua- tion, if a country like Spain had the capacity to manage its own monetary policy. Finally, section 5 concludes. 2. Empirical motivation Despite the fact that EMU...
This tax would aim to eliminate the funding advantage that large banks enjoy over their smaller competitors and limit the incentive for big banks to become even bigger. As the International Monetary Fund has argued, across the G20 this would help constrain the worst features of our financial ...
and the uncertainty which surrounds it, make the design of proper policy responses particularly complex. This paper provides a primer on the fiscal implications of climate change, the aim being to provide a (reasonably) quick and comprehensive overview of the main analytical issues and lessons learn...
If you want to know why the IMF’s predictions should be ignored, go back to 2020 and 2021 to see whether the IMF correctly warned about bad monetary policy leading to big price spike in 2022. Now let’s look at the portions of the article where the IMF is right. …a presidential el...
The results point to the lack of complementarity between policy actions adopted by the authorities and suggest that there is still enough room for enhancing the effectiveness of economic policies. Keywords: economic system modelling; bayesian VAR; monetary policy; fiscal policy 1. Introduction The ...
The asymmetric effects of fiscal and monetary policy instruments on Pakistan’s environmental pollution. Environ. Sci. Pollut. Res. 2021, 28, 7450–7461. [Google Scholar] [CrossRef] Chan, Y.T. Are macroeconomic policies better in curbing air pollution than environmental policies? A DSGE approach...