* The most likely source of additional revenue in a deficit-reduction plan will be changes to personal income taxes: raising marginal rates, increasing the rate paid on dividends and capital gains, limiting deductions, or some combination of those three.» BY ROBERT LITAN...
Hereafter, the fiscal deficit will bottom and begin rising later this year and into 2015 as post-2007 nominal GDP trend decelerates from 2.5%, whereas another cyclical increase in the fiscal deficit will coincide with ongoing record private debt to wages and GDP and r...
economy's labor and capital resources are fully employed. Many of the most frequently expressed criticisms of the U.S. government's deficit dur-ing fiscal years 1981-83, when economic weakness accounted for much of the deficit that the government then ran, were either largely or wholly ...
I show that the effectiveness of fiscal stimulus as a tool for counter-cyclical stabilization depends not only on how much of changes in income households spend, but also on the composition of that expenditure. By combining expenditure and production data I measure the extent to which households ...
The unwillingness and/or inability of the government to control its own expenditure in areas where they need to be cut has resulted in strategies to reduce the fiscal deficit (like cutting capital expenditure and passing on the adjustment burden to the states) which are questionable and ...
While these results are consistent with the existing literature, the paper finds that revenue-raising measures increased the likelihood of successful consolidation in countries that faced large adjustment needs after the crisis. This reflects the fall in effectiveness of spending cuts when deficit ...
A narrowing of the fiscal deficit would also help address the widening current account deficit and macro-economic overheating risks, Fitch stressed. "Conversely, policy paralysis until elections are held and post-election parliamentary fragmentation would increase downside risks, in particular if pensions...
aThis is consistent with the idea that deficit-driven tax increases 这与缺乏被驾驶的税增加的想法是一致的[translate] aHello Jiannan Pan, 你好Jiannan平底锅,[translate] ano,l don’t 没有, l不[translate] aIn considering the implications of these findings 在考虑这些研究结果的涵义[translate]...
- 《Cambridge Journal of Economics》 被引量: 49发表: 2012年 Fiscal deficits, economic growth and government debt in the USA A simple model illustrates interactions between the ‘primary’ fiscal deficit (total deficit minus interest payments), economic growth and debt. The defic... L Taylor,...
Secondly, there was a need to reduce fiscal deficits and to control Non-financial Public Enterprises (NFPEs). Lastly, Malaysia recognised the importance of continued coordination of fiscal and monetary policies. This is important to bring about optimum if not maximum impact on the economy. In ...