PPT-Fiscal Policy, Incentives,

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. Presentation to Wim Drees Foundation for Public Finance. Conrad Smewing. Deputy Director, Fiscal Policy and Statistics. April 2011. UNCLASSIFIED. Overview of presentation. Origin of the UK fiscal deficit. Austerity vs. Stimulus. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. REAI Alumni . Advisory . Board . Harvard . Faculty . Club, 9:25 . – . 10:25, April 25. th. , 2014. . Definitions. Austerity vs. Stimulus. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. Senior Executive Fellows, April 22, 2014. Definitions. Fiscal stimulus . or expansion:. Raise government spending or cut taxes. 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, . FILOMENO STA. ANA III. A. CTION. . FOR. E. CONOMIC. R. EFORMS. O. UTLINE. I. Overview of Incentives (FI) in the ASEAN region . II. The Prisoner’s Dilemma. III. Cost of Fiscal Incentives. IV. Rationalizing Fiscal Incentives. Federal budget process and recent history of outlays, tax revenues, deficits, and debts. Supply-Side Economics. Controversies on effects of deficits on investment, saving, and economic growth. Fiscal policy as a stabilization tool. st. Century. Paul Ormerod. www.paulormerod.com. Economic and social policy since 1945. Essentially based on a view that decisions are made ‘rationally’ by people, firms, planners etc . [‘agents’]. Middle- and Low-income . Countries:. Brazil, Chile, Colombia, . Ethiopia, Ghana, Indonesia. , Mexico, . Peru, South Africa and Tanzania. Nora Lustig. Tulane University, CGD, IAD. . International Monetary Fund. Tapas K. Sen. Aspects of Fiscal Management. Fiscal Policy. The context – objectives – tools – limitations. Fiscal Institutions. Finance Ministry/ Departments – Legislature and its agencies – Reserve Bank of India – Finance Commission – Planning Commission – CAG. . Policy. U. nit Overview. The Government Budget. Sources of government revenue. Types of government expenditures. The budget outcome. The. Role of Fiscal Policy. Fiscal policy and short-term demand management. James A. Brumby. Director. Governance Global Practice. 24 February 2016. PEMPAL 2016 . BCoP. PLENARY MEETING . FISCAL RULES FOR EFFECTIVE AND SUSTAINABLE . BUDGETING. Minsk, Belarus. 24–26 February 2016. Brazil, Chile, Colombia, Indonesia, Mexico, Peru and South Africa. Nora Lustig. Tulane University, CGD, IAD. . The Welfare State and the Fight Against Inequality. Columbia . University. New York, . Novemeber. 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...