Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence PDF

Author: Mr.Daniel Leigh

Publisher: International Monetary Fund

Published: 2011-07-01

Total Pages: 41

ISBN-13: 1455294691

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This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Bush Tax Cuts and the Economy

Bush Tax Cuts and the Economy PDF

Author: Thomas L. Hungerford

Publisher: DIANE Publishing

Published: 2011

Total Pages: 20

ISBN-13: 1437940382

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This is a print on demand edition of a hard to find publication. A series of tax cuts were enacted early in the George W. Bush Admin. These tax cuts, known as the Bush tax cuts (BTC), are scheduled to expire at the end of 2010. The major tax provisions that are part of the current debate over the BTC are: reduced tax rates, reduction of the marriage penalty, repeal of the personal exemption phaseout and the limitation on itemized deductions, reduced tax rates on long-term capital gains and qualified dividends, and expanded tax credits. Contents of this report: (1) Economic and Budgetary Environment; (2) Revenue Loss and Distributional Effects from the BTC Provisions; (3) Options Regarding the BTC: Obama Administration Proposal; Temporary Extension of Some or All BTC Provisions. Charts and tables.

Taxes and the Economy

Taxes and the Economy PDF

Author: Thomas L. Hungerford

Publisher:

Published: 2012-10-21

Total Pages: 23

ISBN-13: 9781457839504

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An analysis of the top marginal tax rates, tax cuts and economic growth.

Man Out

Man Out PDF

Author: Andrew L. Yarrow

Publisher: Brookings Institution Press

Published: 2018-09-11

Total Pages: 340

ISBN-13: 0815732759

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The story of men who are hurting—and hurting America by their absence Man Out describes the millions of men on the sidelines of life in the United States. Many of them have been pushed out of the mainstream because of an economy and society where the odds are stacked against them; others have chosen to be on the outskirts of twenty-first-century America. These men are disconnected from work, personal relationships, family and children, and civic and community life. They may be angry at government, employers, women, and "the system" in general—and millions of them have done time in prison and have cast aside many social norms. Sadly, too many of these men are unsure what it means to be a man in contemporary society. Wives or partners reject them; children are estranged from them; and family, friends, and neighbors are embarrassed by them. Many have disappeared into a netherworld of drugs, alcohol, poor health, loneliness, misogyny, economic insecurity, online gaming, pornography, other off-the-grid corners of the internet, and a fantasy world of starting their own business or even writing the Great American novel. Most of the men described in this book are poorly educated, with low incomes and often with very few prospects for rewarding employment. They are also disproportionately found among millennials, those over 50, and African American men. Increasingly, however, these lost men are discovered even in tony suburbs and throughout the nation. It is a myth that men on the outer corners of society are only lower-middle-class white men dislocated by technology and globalization. Unlike those who primarily blame an unjust economy, government policies, or a culture sanctioning "laziness," Man Out explores the complex interplay between economics and culture. It rejects the politically charged dichotomy of seeing such men as either victims or culprits. These men are hurting, and in turn they are hurting families and hurting America. It is essential to address their problems. Man Out draws on a wide range of data and existing research as well as interviews with several hundred men, women, and a wide variety of economists and other social scientists, social service providers and physicians, and with employers, through a national online survey and in-depth fieldwork in several communities.

The Politics of Bad Ideas

The Politics of Bad Ideas PDF

Author: Bryan D. Jones

Publisher: Longman Publishing Group

Published: 2008

Total Pages: 420

ISBN-13:

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For the past 25 years, Americans have been lead to believe that government can cut taxes without adjusting future spending and not harm government finance. Simply put, our government's economic policies have not worked as advertised. That is the conclusion by two prominent scholars in the field-Bryan D. Jones and Walter Williams-and they support it with sharp and insightful analysis of the bad economic ideas that have shaped our economy. The authors look at the amazing resilience of these ideas and why they continue to survive, despite overwhelming evidence that they have caused damage to our long-term fiscal stability and the American economy. Ending on a positive note, Politics of Bad Ideas concludes with suggestions on how we can get out from under the dead weight of these destructive strategies. "Jones and Williams provide a valuable-and much needed-critique of "faith-based" analysis. This is essential reading for students of public policy."--George C. Edwards III, Distinguished Professor of Political Science and Jordan Chair in Presidential Studies, Texas A & M University "A lucid, convincing, and devastating critique of supply-side economics and a starve-the-beast route to shrinking the size of government. Jones and Williams document the high cost of the triumph of ideology over neutral competence in national policymaking and suggest ways of restoring honesty and responsibility to public finance in America."--THOMAS E. MANN, Senior Fellow, The Brookings Institution, and co-author of The Broken Branch "Here's a good idea: Read The Politics of Bad Ideas. With care and without cant, Jones and Williams?an acclaimed political scientist and an accomplishedpolicy expert?eviscerate the free lunch mantra of radical tax cutters. They show that the "great tax cut delusion" has eroded not just our government's fiscal capacity, but also the health of our representative democracy. - JACOB S. HACKER, Professor of Political Science, Yale University, and author of The

Austerity

Austerity PDF

Author: Alberto Alesina

Publisher: Princeton University Press

Published: 2020-12

Total Pages: 290

ISBN-13: 0691208638

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A revealing look at austerity measures that succeed—and those that don't Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. Bringing needed clarity to one of today's most challenging economic issues, three leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt, shows that austerity is not necessarily the kiss of death for political careers as is often believed, and charts a sensible approach based on data analysis rather than ideology.

Brookings Papers on Economic Activity: Spring 2017

Brookings Papers on Economic Activity: Spring 2017 PDF

Author: Janice Eberly

Publisher: Brookings Institution Press

Published: 2017-10-10

Total Pages: 175

ISBN-13: 081573252X

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Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.