PPT-Comments to “Does countercyclical fiscal policy pay?

The relevance of fiscal acyclicality Authors Rodrigo Fuentes and Raimundo Soto Comments Guillermo Vuletin Literature review Literature review Large macroeconomic literature studying how shortterm fluctuations in public spending and taxes could help stabilize output increasing peoples welfare . 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. 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. 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.. 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 . 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. 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. Agenda. Introduction . – Brian . Fahnestock. Fiscal Close Overview –Victor Cesario. Fiscal . Closing Transactions – Victor Cesario. AP/Disbursements & Travel – Tanya Harris. Encumbrances & Purchasing – Melissa Lee. 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. 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. 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.