2 edition of Optimal policies for stabilization and growth. found in the catalog.
Optimal policies for stabilization and growth.
Judith N. Yates
Bibliography: p. 142-154.
|Statement||[By] Judith N. Yates.|
|LC Classifications||HJ192 .Y37|
|The Physical Object|
|Number of Pages||166|
|LC Control Number||77882713|
ISBN: OCLC Number: Description: ix, pages: illustrations ; 23 cm: Contents: Foreword / Vito Tanzi --Introduction / Mario I. Blejer and Ke-young Chu --Fiscal policy, growth, and the design of stabilization programs / Vito Tanzi --Fiscal policy and mobilization of savings for growth / Mario I. Blejer and Adrienne Cheasty --Fiscal rigidities, public debt. In this book we intend to discuss economic fluctuations and growth and possible stabilizing fiscal policies. Since these topics are major preoccupa tions of economic theorists and have been extensively discussed since the classics, one may wonder why another book on these subjects. A possible.
Fiscal policy, stabilization, and growth: prudence or abstinence? / edited by Guillermo Perry, Luis Servén, and Rodrigo Suescún. p. cm. (Latin American development forum series) Includes bibliographical references and index. ISBN: eISBN: 1. Fiscal policy Latin America. 2. Finance, Public Latin America. 3. A stabilization policy is a package or set of measures introduced to stabilize a financial system or term can refer to policies in two distinct sets of circumstances: business cycle stabilization or credit cycle stabilization. In either case, it is a form of discretionary policy.. Business cycle stabilization “Stabilization” can refer to correcting the normal behavior of the.
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are. "Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model," Central Banking, Analysis, and Economic Policies Book Series, in: Frederic S. Miskin & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Monetary Policy under Inflation Targeting, edition 1, vol chapter 5, pages , Central.
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Stabilization policy is a government strategy intended to encourage steady economic growth, even price levels, and optimal employment numbers.
Optimal policies for stabilization and growth. A study of their properties by numerical simulation. An optimal policy for the buildup and drawdown of the stabilization fund consists of an amount to be added or withdrawn for each possible level of the fund and each oil revenue regime.
In this section and the next we highlight features of the optimal policies, the behaviors of the funds and the implications of those behaviors for fund : Nader AlKathiri, Tarek N.
Atalla, Frederic Murphy, Axel Pierru. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth.
In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and.
Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for Optimal policies for stabilization and growth. book stability and long-term growth.
In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and. Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit.
Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle.2/5(1).
Book Description The analysis of a macroeconomic models using dynamic stochastic systems and fuzzy controllers to produce optimal stabilization policies to regulate the economy under uncertainty. optimal policies for a stabilization fund when prices are unknown.
Alsweilem et al. () and Landon and Smith () summarize the rules, organizational structures and nances of different. Overall, the optimal money growth rule is more effective in stabilizing real GDP and inflation than the benchmark policy.
It also leads to a modest welfare gain (about % of consumption equivalent). Under the jointly optimal policy rule, the central bank can use both policy.
The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy.
Policy Books The 51% Driving Growth through Women’s Economic Participation Economic Facts The State of Competition and Dynamism: Facts about Concentration, Start-Ups, and Related Policies Policy Books Place-Based Policies for Shared Economic Growth.
tary stabilization policy and optimal state-contingent tax policy is treated in another chapter of the Handbook, by Canzoneri et al. While the “special” case in which lump-sum taxation is possible might seem of little practical interest, I believe that an understanding of the principles of optimal monetary stabilization policy in.
Optimal Monetary Stabilization Policy Michael Woodford. NBER Working Paper No. Issued in June NBER Program(s):Economic Fluctuations and Growth, Monetary Economics This paper reviews the theory of optimal monetary stabilization policy, with an emphasis on developments since the publication of Woodford ().
Optimal Policies Aimed at Stabilization of Populations with Logistic Growth under Human Intervention Article in Theoretical Population Biology 83(1) August with Reads How we measure.
F iscal P olicy and the D esign of F und P rograms. Stabilization programs can, in theory, emphasize either specific or general fiscal policies. For example, the member country and the Fund could agree on a whole range of specific fiscal measures, such as changes in various taxes and tax rates, and changes in specific public expenditures, subsidies, and public utility rates.
The policies are compared on the basis of their implications for welfare, volatility and growth. We show that stabilization policies can produce welfare levels that are nearly identical to those of welfare maximization policies and that both welfare maximization and stabilization policies yield large welfare gains and modest growth losses.
F iscal P olicy for S tabilization, S avings, and G rowth. Part II consists of four papers focusing on the policy issues relating to the crucial role of fiscal policy in attaining and sustaining stability and growth.
Stability and growth are phenomena that are both conflicting and complementary. Stability is a precondition for sustained growth; if a country wishes to attain and sustain. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth.
In particular, this book. ADVERTISEMENTS: Economic stabilization:Monetary Policy, Fiscal Policy and Direct Controls. Economic stabilisation is one of the main remedies to effectively control or eliminate the periodic trade cycles which plague capitalist economy.
Economic stabilisation, it should be noted, is not merely confined to a single individual sector of an economy but embraces all its facts.
In [ ]. Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit.
Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries.
It presents 13 papers prepared by economists of the IMF.Finally, the paper characterizes operational interest-rate feedback rules that best implement Ramsey-optimal stabilization policy.
We find that the optimal interest-rate rule is active in price and wage inflation, mute in output growth, and moderately inertial. This rule achieves virtually the same level of welfare as the Ramsey optimal policy. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth.
In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and Format: Paperback.