PPT-Ch. 13: Fiscal Policy

Federal budget process and recent history of outlays tax revenues deficits and debts SupplySide Economics Controversies on effects of deficits on investment saving and economic growth Fiscal policy as a stabilization tool. 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. 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, . Tokyo Fiscal Forum. Tokyo, 10-11 June 2015. José Luis Escrivá. Fiscal local government overview. 2. Three highly decentralized countries with high level of local government debt. Tokyo Fiscal Forum, 10-11 June 2015. 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. 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 the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. 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. 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. 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. how can fiscal policy and the annual budget cycle be . scrutinised. to encourage environmental wellbeing. Murray Petrie. Senior Research Associate, . Institute of Governance and Policy Studies, Victoria University of Wellington. which was laid before the Houses of Parliament . on February 10, 2022. . . . Auditor General’s Comments. Auditor General’s Responsibilities. Section 48B (6) of the FAA Act requires the Auditor General to...