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Countering the Cycle; The Effectiveness of Fiscal Policy in Korea

Eskesen, Leif Lybecker - International Monetary Fund (IMF) - 2009

The Korean authorities having taken decisive and proactive fiscal measures to help stem the fallout from the current global economic and financial crisis, with the size of the fiscal stimulus well-above the average response of other G20 economies. In this context, a key question is how effective...

Persistent link: https://www.econbiz.de/10008540935

What Determines Government Spending Multipliers?

Müller, Gernot; Meier, André; Corsetti, Giancarlo - International Monetary Fund (IMF) - 2012

find output and consumption multipliers to be unusually high during times of financial crisis. …

Persistent link: https://www.econbiz.de/10011142087

Simple, Implementable Fiscal Policy Rules

Kumhof, Michael; Laxton, Douglas - International Monetary Fund (IMF) - 2009

automatic stabilizers work. The best fiscal instruments are targeted transfers, consumption taxes and labor taxes, or, if it …

Persistent link: https://www.econbiz.de/10004999963

Tax Policy; Recent Trends and Coming Challenges

Khan, Tehmina S.; Norregaard, John - International Monetary Fund (IMF) - 2007

This paper provides an overview of the key economic factors that shape tax policy reform in many high-income countries, developing countries, and/or transition economies. The paper describes and evaluates global and regional developments with respect to tax rates and revenue ratios over the last...

Persistent link: https://www.econbiz.de/10005768945

Taxes and the Price Level; A Further Examination of the PPP Hypothesis

Kleiman, Ephraim - International Monetary Fund (IMF) - 1993

The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the...

Persistent link: https://www.econbiz.de/10005825768

Fiscal Policy Through Time-Varying Tax Rates; If and How

Kaufman, Martin David - International Monetary Fund (IMF) - 2000

, the paper highlights the very particular circumstances that need to prevail. With liquidity constraints, a consumption …-tax break is in a better footing to boost consumption and welfare than an income-tax break. A hike in consumption taxes can also … be used to restrain consumption and improve welfare under time-consistency problems induced by hyperbolic discounting …

Persistent link: https://www.econbiz.de/10005825866

Issues in Intergovernmental Fiscal Relations in China

Dabla-Norris, Era - International Monetary Fund (IMF) - 2005

The paper reviews the changing nature of intergovernmental fiscal relations between the provinces and the central government in China over the past two decades and provides an assessment of the success of previous reforms in meeting their objectives. Key existing weaknesses in the current system...

Persistent link: https://www.econbiz.de/10005826054

The Role for Counter-Cyclical Fiscal Policy in Singapore

Eskesen, Leif Lybecker - International Monetary Fund (IMF) - 2009

Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect...

Persistent link: https://www.econbiz.de/10005826280

Optimal Monetary and Fiscal Policy with Limited Asset Market Participation

Stehn, Sven Jari - International Monetary Fund (IMF) - 2009

This paper characterises the jointly optimal monetary and fiscal stabilisation policy in a new Keynesian model that allows for consumers who lacking access to asset markets consume their disposable income each period. With full asset market participation, the optimal policy relies entirely on...

Persistent link: https://www.econbiz.de/10008528613

Tax Policy and Reform for Foreign Direct Investment in Developing Countries

International Monetary Fund (IMF); International … - 1990

This paper identifies tax factors in 21 developing countries that have an impact on foreign direct investment flows. It categorizes those factors into issues associated with tax coordination; tax rates and rate structures; and composition of the tax base. Recent actions by countries reveal no...

Persistent link: https://www.econbiz.de/10005263965