PPT-Fiscal Policy

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 Governments Share of Total Government Expenditures . 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. 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" . Government of Mozambique . In collaboration with the IMF and the World Bank. March 22-25, 2010. 1. Objective of the Presentation. Objective 1: Assess past experience on how fiscal policy formulation and implementation and the fiscal structural reforms contributed to macroeconomic stability. 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. 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. 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.. Middle- and Low-income . Countries:. Brazil, Chile, Colombia, . Ethiopia, . Ghana, Indonesia. , Mexico, . Peru, South Africa and Tanzania. Nora Lustig. Tulane University, CGD, IAD. . Social Protection and Labor . 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.. Fiscal Policy: . Changes in the level of government spending and taxation aimed at either increasing or decreasing the level of aggregate demand in an economy to promote the macroeconomic objectives. Fiscal policy is a type of . policy and Income Redistribution in Latin America: . Argentina. , Bolivia, . Brazil. , Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, . Mexico. , . Peru. and . Uruguay . Nora . Side Effects (Offsets) to Fiscal Policy. Fiscal Policy not a perfect science/often trial and error with expansionary and contractionary fiscal policy. Expansionary Policy. - greater AD/less unemployment but could lead to inflation. 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...