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Size of Fiscal Multipliers

Aiko Mineshima, Marcos Poplawski-Ribeiro, and Anke Weber

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter focuses on the debate over the size of fiscal multipliers, which measure the impact of fiscal policy on output. The Great Recession has refocused attention on the effectiveness of fiscal ... More


Post-crisis Fiscal Policy

Carlo Cottarelli, Philip Gerson, and Abdelhak Senhadji (eds)

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Fiscal policy makers have faced an extraordinarily challenging environment over the last few years. At the outset of the global financial crisis, the International Monetary Fund (IMF) for the first ... More


Escaping High Debt: The Narrow Path Ahead

Lorenzo Forni and Marialuz Moreno Badia

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0018
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines what the goal of fiscal adjustment should be and the extent to which other nonconventional measures can help in restoring and maintaining market confidence in advanced ... More


Introduction

Carlo Cottarelli, Philip Gerson, and Abdelhak Senhadji

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This book analyzes the International Monetary Fund's (IMF) change of position on the role of fiscal policy, with particular emphasis on its call for a global fiscal expansion in the wake of the 2008 ... More


Politics In and After Fiscal Squeeze

David Heald, Rozana Himaz, and Christopher Hood

in When the Party’s Over: The Politics of Fiscal Squeeze in Perspective

Published in print:
2014
Published Online:
May 2015
ISBN:
9780197265734
eISBN:
9780191771941
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197265734.003.0012
Subject:
Political Science, Political Economy

This chapter examines what nine cases of fiscal squeeze in different democracies can reveal about the politics of austerity, combining overall quantitative comparisons with a set of qualitative ... More


The Other Crisis: Sovereign Distress in the Euro Area

S. Ali Abbas, Nathaniel Arnold, Petra Dacheva, Mark De Broeck, Lorenzo Forni, Martine Guerguil, and Bruno Versailles

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the roots of the sovereign debt crisis in the euro area (EA), with particular emphasis on why it affected the EA but not other large advanced economies. It first considers the ... More


Fiscal Adjustment, Growth, and Global Imbalances

Mika Kortelainen, Douglas Laxton, and Jack Selody

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0021
Subject:
Economics and Finance, Macro- and Monetary Economics

Using the International Monetary Fund's Global Integrated Monetary and Fiscal Model (GIMF), this chapter examines how combining fiscal adjustment with structural reform and coordinated fiscal policy ... More


The Impact of Fiscal Adjustments in Odisha*

Tapas K. Sen and Sarit Kumar Rout

in The Economy of Odisha: A Profile

Published in print:
2016
Published Online:
June 2016
ISBN:
9780199464784
eISBN:
9780199086801
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199464784.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

Odisha can boast of the maximum amount of fiscal adjustment during the mid-2000s among all Indian states in terms of reduction in budgetary deficit indicators. This chapter details the adjustment ... More


Human Development and Fiscal Policy: Comparing the Crises of 1982–5 and 2008–11

Bruno Martorano, Giovanni Andrea Cornia, and Frances Stewart

in Towards Human Development: New Approaches to Macroeconomics and Inequality

Published in print:
2014
Published Online:
May 2014
ISBN:
9780198706083
eISBN:
9780191775260
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198706083.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental, Macro- and Monetary Economics

The chapter juxtaposes the fiscal policies, in particular the changes in social expenditures, adopted during the debt crisis of 1982–5 and the financial crisis of 2008–11. It shows that, in contrast ... More


Long-Term Fiscal Challenges

Baoping Shang and Mauricio Soto

in Post-crisis Fiscal Policy

Published in print:
2014
Published Online:
September 2015
ISBN:
9780262027182
eISBN:
9780262324113
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027182.003.0020
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines public spending on pensions and health care as well as the rapid growth and projected increase of these costs in relation to GDP in advanced and emerging economies over the next ... More


Public Investment and Fiscal Reforms

Christopher S. Adam, Jehovaness Aikaeli, and Anne Laski

in Tanzania: The Path to Prosperity

Published in print:
2017
Published Online:
January 2017
ISBN:
9780198704812
eISBN:
9780191774010
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704812.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

Improvements in macroeconomic performance in Tanzania over the last two decades reflect significant improvements in fiscal control. This chapter explores the challenges to the efficient and equitable ... More


The Economy of Odisha: A Profile

Pulin B. Nayak, Santosh C. Panda, and Prasanta K. Pattanaik (eds)

Published in print:
2016
Published Online:
June 2016
ISBN:
9780199464784
eISBN:
9780199086801
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199464784.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

The Economy of Odisha: A Profile presents a comprehensive account of different sectors (for example, agriculture, industries, mining, transportation and power, education, and health) of the economy ... More


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