В статье исследованы преимущества и недостатки использования налогов, бюджетных расходов для достижения целей фискальной политики на разных стадиях...

Based on the statement relating to the natural economic individual behavior we suggest that expenditures should be adequate to adjusted earnings. In spite of this fact we believe that some fluctuations are available because of changing in discrete individual behavior. In this research, however,...

Based on the statement relating to the natural economic individual behavior we suggest that expenditures should be adequate to adjusted earnings. In spite of this fact we believe that some fluctuations are available because of changing in discrete individual behavior. In this research, however,...

In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in the MENA region and compare it with fourteen inflation targeting (IT) emerging market economies...

This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with fiscal variables, and in particular with government debt per capita. Using data from eighteen OECD countries the paper examines whether there is any empirical evidence to support...

For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government spending cuts. This paper analyzes the macroeconomic and welfare consequences of this policy using a two-country general equilibrium model. Under several strong assumptions the...

В статье рассматриваются объективные и субъективные факторы, определяющие специфику действия трансмиссионного механизма денежной кредитной политики в России...

The paper analyzes Chile's structural balance fiscal rule in the face of copper price shocks originating in foreign copper demand. It uses a version of the IMF's Global Integrated Monetary and Fiscal Model (GIMF) that includes a copper sector. Two results are obtained. First, Chile's current...

An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen...

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil...