Intertemporal Analysis Of State And Local Government Spending

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Intertemporal Analysis Of State And Local Government Spending

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Author : Douglas Holtz-Eakin
language : en
Publisher:
Release Date : 1993

Intertemporal Analysis Of State And Local Government Spending written by Douglas Holtz-Eakin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Expenditures, Public categories.

Do state and local governments smooth their consumption spending across years, or is their spending driven mainly by contemporaneous changes in resources? We design a test to determine which view of state and local spending is more consistent with the data. We find that state and local spending is determined primarily by current (as opposed to permanent) resources. That is, despite their apparent ability to skirt balanced budget laws, states and localities do not typically smooth their expenditures over time.

Intertemporal Analysis Of State And Local Government Spending

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Author : Douglas Holtz-Eakin
language : es
Publisher:
Release Date : 1993

Intertemporal Analysis Of State And Local Government Spending written by Douglas Holtz-Eakin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

The Fiscal Behavior Of State And Local Governments

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Author : Harvey S. Rosen
language : en
Publisher: Edward Elgar Publishing
Release Date : 1997

The Fiscal Behavior Of State And Local Governments written by Harvey S. Rosen and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.

Collects 17 papers by Rosen (economics and business policy, Princeton U.), many of which are empirical and involve econometric analysis of large data sets. Rosen shows how state and local government spending and taxing decisions are made in an intertemporal context that takes into account future prices and income, and are influenced by the economic environments in which they occur. Three papers co-authored with Daniel R. Feenberg (National Bureau of Economic Research) lay out a consistent methodology for characterizing state tax structures. No index. Annotation copyrighted by Book News, Inc., Portland, OR

Intertempporal Analysis Of State And Local Government Spending

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Author : Douglas Holtz-Eakin
language : en
Publisher:
Release Date : 1993

Intertempporal Analysis Of State And Local Government Spending written by Douglas Holtz-Eakin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

The Cost Of Future Policy Intertemporal Public Sector Balance Sheets In The G7

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Author : Yugo Koshima
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-06

The Cost Of Future Policy Intertemporal Public Sector Balance Sheets In The G7 written by Yugo Koshima and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-06 with Business & Economics categories.

This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A decomposition of the evolution of INFW shows that short-term fluctuations are mainly driven by fiscal policy changes, while in the long run demographic changes and health and pension obligations play a larger role. We find that on average a 10 percentage point of GDP increase in INFW reduces the (future) 10-1 year sovereign yield curve spread by 2.8 basis points. This results suggest that financial markets pay attention to governments’ future policy obligations, in addition to its current assets and liabilities.

The Motives To Borrow

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Author : Antonio Fatás
language : en
Publisher: International Monetary Fund
Release Date : 2019-05-10

The Motives To Borrow written by Antonio Fatás and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-10 with Business & Economics categories.

Governments issue debt for good and bad reasons. While the good reasons—intertemporal tax-smoothing, fiscal stimulus, and asset management—can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes. Bad reasons for borrowing are driven by political failures associated with intergenerational transfers, strategic manipulation, and common pool problems. These political failures are a major cause of overborrowing though budgetary institutions and fiscal rules can play a role in mitigating governments’ tendencies to overborrow. While it is difficult to establish a clear causal link from high public debt to low output growth, it is likely that some countries pay a price—in terms of lower growth and greater output volatility—for excessive debt accumulation.

Government Deficit And Fiscal Reform In Japan

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Author : Toshihiro Ihori
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Government Deficit And Fiscal Reform In Japan written by Toshihiro Ihori and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

Government Deficit And Fiscal Reform In Japan presents a theoretical-based comprehensive analysis of economic consequences of government deficits and fiscal reform in Japan. Particular emphasis is directed at developing tools that can be applied to theoretically and empirically clarify essential economic concerns in Japan such as generational incidence of fiscal reform and a growing dependence on government bonds for covering financial deficits. This book evaluates the recent movement of Japanese fiscal reform and government deficit. The authors first summarize fiscal policy in 1990's. Then, they move on to investigate the macroeconomic impact of government dept and the sustainability problem, and then discuss benefits and costs of public investment. The political aspect of fiscal reconstruction movements in Japan is also examined. Finally, the authors investigate the behavior of central government's control on local governments' debt issuance and its effect on the real activities of local governments. This book points out that the long-run structural fiscal reform is more important than the short-run Keynesian fiscal policy in Japan.

Inclusive Growth And The Incidence Of Fiscal Policy In Mauritius

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Author : Mr.Antonio David
language : en
Publisher: International Monetary Fund
Release Date : 2013-05-17

Inclusive Growth And The Incidence Of Fiscal Policy In Mauritius written by Mr.Antonio David and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-17 with Business & Economics categories.

Using data from three household surveys, we review whether growth in Mauritius was inclusive and discuss the incidence of public expenditures and taxes. Generally, Mauritius enjoys an even income distribution and low rates of poverty. Nevertheless, over the 2000s, despite overall progress, the benefits of growth appear to have become more skewed. Employment income is the main contributor to inequality in Mauritius. Social protection expenditures reduce poverty and inequality, but could be better targeted, particularly for pensions. Income taxes are progressive, though given their small relative weight they have a negligible impact on income distribution. The VAT appears relatively progressive compared to other developing countries, although its impact on the overall distribution is also small. With better targeting of the sizable social spending, significant further progress in poverty alleviation could be achieved.

The Adapted City

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Author : H. George Frederickson
language : en
Publisher: M.E. Sharpe
Release Date : 2004

The Adapted City written by H. George Frederickson and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.

This work considers how and why cities change their governing arrangements - and the implications for cities of the future. It provides case studies that show how actual cities have changed and adapted their structure to fit changing times and citizen demands.

Adapted City

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Author :
language : en
Publisher: M.E. Sharpe
Release Date :

Adapted City written by and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on with Municipal government categories.

This work considers how and why cities change their governing arrangements - and the implications for cities of the future. It provides case studies that show how actual cities have changed and adapted their structure to fit changing times and citizen demands.