In the short run, government spending (as a percentage of GDP) appears to have a negative impact on inflation in China, while a positive impact in Indonesia and India. The implication is that governments of emerging economies should be prudent with their decisions on government spending....
These superficial differences aside, however, the proposed tax credit would be, in effect, a spending increase. [12] Report: “Estimates of Federal Tax Expenditures.” Joint Committee on Taxation, March 14, 1978. <www.jct.gov> Pages 1–2: The Concept of Tax Expenditures Tax expenditure ...
This study analyzed the effect of interest rates, inflation rates and government spending on economic growth in Indonesia during 2005 to 2012. By using the method of data analysis panel, overall the independent variables namely interest rate, inflation rate and government spending has a 99% influenc...
Posted in CBO, Congressional Budget Office, Deficit, Fiscal Policy, Government Spending, Spending Cap, tagged CBO, Congressional Budget Office, Deficit, Fiscal Policy, Government Spending, Spending Cap on January 21, 2025| 1 Comment » The most important goal of fiscal policy should be a small...
Britain's consumer price index (CPI), a main gauge of inflation, jumped higher than expectations to 2.3 percent in February, while a fall in public sector borrowing figures will be a bonus for the government as it enters a possibly turbulent period of ne
Inflation, government spending, and real size of the public sectorInflation, government spending, and real size of the public sectorAnimalsMiceLiverMammary Tumor Virus, MouseDNA, ViralReceptors, GlucocorticoidBase SequenceNucleic Acid ConformationProtein...
Galí J. Monetary Policy, Inflation, and the Business Cycle (second ed.), Princeton University Press, Princeton, NJ (2015) Google Scholar Galí et al., 2007 Galí J., López-Salido D., Vallés J. Understanding the effects of government spending on consumption J. Eur. Econom. Assoc., 5 ...
Describe and distinguish among the factors resulting in demand-pull and cost-push inflation and describe the evolution of demand-pull and cost-push inflationary processes.Page 399 of the reading: “Demand-pull inflation can be kicked off by … an increase in government spending, a tax cut, …...
Such an unequal outcome is predicted by an economic principle known as the Cantillon Effect. This is why Friedman often insisted that inflation is a hidden tax that nobody got to vote on, given that decision-makers at central banks, such as the Fed, are unelected. Finally, rampant inflation...
Inflation, recession and the federal budget deficit (or, blaming economic problems on a statistical mirage) Policy proposals to balance the budget and to limit government spending assume that budget deficits cause substantial harm, either increasing inflation or crowding out private borrowing from credit...