PPT-Generational aspects of fiscal policy under changing demographic forecasts

Jukka Lassila ETLA MoPAct workshop Helsinki June 2016 Motivation and aim In an economy with ageing population we analyze longrun fiscal strategies with a novel method . Example:. Your role says:. . “. Unemployed software engineer. Happy to be hired again. Celebrates by remodeling his kitchen.. ”. You need to write lines:. “. I am a software engineer with a degree from the University of Michigan. It was tough finding a job this past year, but then Google offered me a great position, earning six figures. I. An . International Perspective. Jeffrey Frankel. Seminar on Macroeconomic . Policy. Harvard Economics Department. April 28, 2015. “Fiscal alchemy”?. Eric . Leeper. had it . backwards:. ". Monetary science, fiscal alchemy" . Changes in federal taxes and purchases . Where does the government spend its money?. Federal Government . Spending, 2010. Fiscal Policy. An Overview of Government Spending and Taxes. The Federal Government’s Share of Total Government Expenditures, . Sami . Yl. ä. outinen. Fiscal Affairs Department (IMF) & METAC. Workshop on MTFF. December 16. th. –19. th. , 2014, Beirut, Lebanon. Macro-Fiscal Forecasting. Outline of Presentation. Why macroeconomic forecasting. What is Fiscal Policy?. What is Fiscal Policy Used For?. What is Fiscal Policy?. Changes in government spending and tax collections to achieve: . full employment, . control inflation, and . encourage economic growth.. and . Secondary Effects. Alternative Views of Fiscal Policy – An Overview. Alternative Views of Fiscal Policy. Keynesians stress the potency of fiscal policy and its use to maintain . AD . at a level consistent with full employment.. Chris Paris, . FAcSS. , Emeritus Professor of Housing, Ulster University. Joe Frey, Head of Research, Northern Ireland Housing Executive. Introduction & overview. Theoretical focus: . demographic . and the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. Fiscal Cyclicality in EM Countries Jeffrey Frankel Seminar on Macroeconomic Policy Economics Department, Harvard University October 18, 2016 Continued from April 28, 2015 Some Emerging Market countries Establishing differences and learning from them International Partnership and Mobility Award. Ludi Simpson (Manchester) and Brenda Yepez (Caracas) with the Population Association of Latin America (ALAP). The Macro-Economics of European Economies. MSc in Economic Policy Studies. John FitzGerald, March 2015. Course Outline. How does an economy work? JF . 16-1-2015. The genesis of macroeconomics . AM. 23-1-2015. Chapter 15. Section 1. What is Fiscal Policy?. Fiscal Policy. is the federal government’s use of taxing and spending to keep the economy stable. . -Government spending has a large impact on the economy. Fiscal Policy. Simply put…the Government’s use of taxing and spending to . stimulateor. contract the economy. Background Terms. Deficit… results from an unbalanced budget (12 months). Debt…continues to build…what you owe. which was laid before the Houses of Parliament . on February 14, 2023. . . . Auditor General’s Comments. Auditor General’s Responsibilities. Section 48B (6) of the FAA Act requires the Auditor General to...