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Budgetary Policy Modelling

Author: Pantelis Capros

Publisher: Routledge

Published: 2005-11-01

Total Pages: 288

ISBN-13: 1134766041

The focus of this volume is on the European context of public budget policy and a variety of different approaches are used - theoretical modelling, econometrics and applied general equilibrium modelling. Empirical evidence and case studies of European countries are contained in all the papers. The papers cover the four general themes of public budget policy: * economic stabilization, in view of the Economic and Monetary Union in the European Community * reinforcing structural change, involved in market liberalization and harmonization of economic structures * its distributional effects and implications for social equity * endogenous economic growth.

Empirical Approaches to Fiscal Policy Modelling

Author: Heimler

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 303

ISBN-13: 9401115389

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Alberto Heimler and Daniele Meulders In the last decade the modelling of the interrelationship between public finance and the rest of the economy has seen substantial advances, reflected in many of the papers delivered to the Applied Econometrics Association Conference held at Confindustria, Rome, on 30 November and 1 December 1989. In particular, the development of the literature on applied general-equilibrium modelling has found most of its applications in the field of taxation, enlarging and completing the estimation of the welfare loss due to distortionary taxes. In this context an important extension has been the introduction of overlapping-generation models. Furthermore, it has become clear that most individual decisions, especially the decision whether or not to work, are dependent upon the tax system, in the sense that the higher the marginal income tax the larger the wedge between labour cost and take-home pay, the last one being the decision variable in the demand for leisure. Finally, in the European context, the completion of the internal market has brought about the necessity to harmonize fiscal systems in the EEC member countries. A number of papers study, therefore, the effects of fiscal reform on efficiency, welfare and growth.

Policy and Politics in State Budgeting

Author: Kurt M. Thurmaier

Publisher: Routledge

Published: 2014-12-18

Total Pages: 398

ISBN-13: 1317462718

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States are the key to contemporary government reform efforts in the United States, but we know very little about their relative effectiveness at resource allocation and their actual capacity to absorb additional fiscal and managerial responsibilities. This path-breaking study examines state budget offices as institutional actors, with special attentio to the role of budget examiners. Drawing on empirical findings from field studies of eleven states in the American heartland, the authors demonstrate how budgeting at the state level has become more policy-oriented, requiring complex decision making by budget analysts. The incrementalist model of budgetary decision-making thus gives way to a multiple rationalities model. The authors illustrate the decision-making model with the story of two office examiners who have distinctly different orientations as they begin their work, and contrast the different decision nationalities that come into play for them at different points in a typical budget cycle. The book includes a comprehensive bibliography of historical and modern writings on state budgeting operations, activities, and decision-making; state budgeting cycles; and the state-level policy development process.

Guidelines for Public Expenditure Management

Author: Mr.Jack Diamond

Publisher: International Monetary Fund

Published: 1999-07-01

Total Pages: 84

ISBN-13: 9781557757876

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Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.

Budgetary Policy Modelling

Author: Pantelis Capros

Publisher: Routledge

Published: 2005-11

Total Pages: 283

ISBN-13: 113476605X

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Budgetary policy plays an increasingly central role in modern economies. This volume explores different approaches to modelling this crucial area.

Recommended Budget Practices

Author: National Advisory Council on State and Local Budgeting (United States)

Publisher:

Published: 1998-06-01

Total Pages: 78

ISBN-13: 9780891252405

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An Exploration of Stock-Flow Consistent Models

Author: Quinn Patrick McInerney

Publisher:

Published: 2017

Total Pages: 0

ISBN-13:

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This project explores the stock-flow consistent (SFC) approach to modeling with the goal of examining the effectiveness of different fiscal policy tools, specifically tax policies and government expenditure. By exploring the historical and theoretical elements of stock-flow consistent models, we aim to gather insight on past successful models proven to predict crises. This paper begins with a history and continues into a simple SFC model thought experiment, which emphasizes the flexibility of the models as well as a precursor to the shock approach we employ at the end of the paper. We create Model ECONOMY with several strong assumptions, such as modeling a closed economy with an absence of the financial sector. By thoroughly comparing the results from the equations that comprise Model ECONOMY to that of historical data, we aim to provide legitimacy to the model. Once established, we will use the results from the baseline of Model ECONOMY and introduce shocks to the system. These shocks are forms of fiscal policy, from a decrease in taxes to an increase in government expenditures. We compare the results of the shocks to that of historical data from the same time period (2008-2015) in order to see what the effect would have been for each policy proposal. The goal of the paper is to use the SFC model to find an effective fiscal policy proposal.

Monetary Economics

Author: Steven Durlauf

Publisher: Springer

Published: 2016-04-30

Total Pages: 384

ISBN-13: 0230280854

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Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Budgeting for Women's Rights

Author: Diane Elson

Publisher: Kumarian Press

Published: 2006

Total Pages: 184

ISBN-13:

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This publication examines how budgets and budget policy-making processes can be monitored for compliance with human rights standards, in particular with the Convention of the Elimination of All Forms of Discrimination against Women (CEDAW). Combining substantive analysis with country examples, it explores how a rights-based analysis can be applied to public expenditure, public revenue, macroeconomics of the budget, and budget decision-making.

Basic Methods of Policy Analysis and Planning

Author: Carl Patton

Publisher: Routledge

Published: 2015-08-26

Total Pages: 481

ISBN-13: 1317350006

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Updated in its 3rd edition, Basic Methods of Policy Analysis and Planning presents quickly applied methods for analyzing and resolving planning and policy issues at state, regional, and urban levels. Divided into two parts, Methods which presents quick methods in nine chapters and is organized around the steps in the policy analysis process, and Cases which presents seven policy cases, ranging in degree of complexity, the text provides readers with the resources they need for effective policy planning and analysis. Quantitative and qualitative methods are systematically combined to address policy dilemmas and urban planning problems. Readers and analysts utilizing this text gain comprehensive skills and background needed to impact public policy.