Using annual data since 1940, we estimate and compare different specifications of fiscal rules. Estimates of constant-parameter fiscal rules show no evidence of sustainability. This may be due to the instability of government's behaviour over time. Thus, we estimate a Markov-switching fiscal rule ...
perception isthatUS fiscal policyhasnot been tightened, public consumption has contributed negatively [...] abnamroprivatebanking.com abnamroprivatebanking.com 雖然美國的財政政策看來並無緊縮,但在過去四季,公共開支佔美國國內生產總 值的比率下跌至0.5%,跌幅較國家和市政府多出一半。
What is the current (US) conservative fiscal policy theory? Fiscal Policy: FIscal policy is the ways by which the federal government achieves its goals through the use of spending and revenue in the budget. Answer and Explanation:1 Conservatives tend to favor the idea of the free market, ...
Meanwhile, survey respondents voiced support for the Federal Reserve's current policy of steadily hiking interest rates to head off an anticipated rise in inflation, with 64 percent saying the strategy was "about right." A sizeable majority, or 59 percent, believed economic policy should do more ...
Recent theoretical development in closed-economy macroeconomics are extended to open economies to investigate the dynamics of the current account of the ba... JA Frenkel,A Razin - MIT Press 被引量: 225发表: 1987年 Changing Impact of Fiscal Policy on Selected ASEAN Countries This paper investigates...
A similar verdict emerged from alternative estimates in which fiscal policy actions anticipated from an ex ante equation continue to support a significant lagged relation with current stock returns. These results provide consistent evidence that important effects of fiscal policy are transmitted to the ...
Board of Governors of the Federal Reserve System (2009)Testimony — Chairman Ben S. Bernanke: Current Economic and Financial Conditions and the Federal Budget, Before the Committee on the Budget, U.S. Senate, Washington, D.C. (Washington, DC: Board of Governors of the Federal Reserve System...
Rational expectation is often thought of as a school of economic thoughtandthere have been criticisms on the lagging monetary policy and fiscal deficits.Aremonetary andfiscal policy in the US rational or not? Thomas Sargent, the 2011 Nobel Laureate in Economics andNew York University Economics Profe...
and the US economy experienced a long period of debt-fuelled growth, which broke down first in 2001 with a stock market crash, but at the time fiscal and monetary policy managed to sustain the economy, but without addressing the fundamental problem, so that private (and foreign) debt continue...
current account deficit, capital inflows, Bond issues, Fiscal policy, credit institutions, investment flows, income growth, Current account surpluses, growth ... TW Bank - 《World Bank Other Operational Studies》 被引量: 121发表: 2013年 Ecosystem response to bivalve density reduction: management im...