Automatic Fiscal Policies to Combat Recessions
Selected Contents: Part I.Introduction1. Fiscal Policy to Combat a Severe Recession2. An Automatic Transfer (Tax Rebate)3. An Automatic Temporary Consumption Tax Cut4. Fiscal Discipline with NUBAR (A Normal Unemployment Balanced Budget Rule)5. A Fiscal Policy Advisory Board Part II.6. Recent Empirical Studies Relevant to Counter-Cyclical Fiscal Policy7. The Tax Rebate in the 1975 Recession8. The Tax Rebate in the 2001 Recession9. Early Studies of Automatic Fiscal PolicyPart III.10. Early Challenges to Counter-Cyclical Fiscal Policy11. The New Classical Counter-Revolution: A False Path for Macroeconomies12. Fiscal Policy and the Ending of the Great Depression
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A.W. Phillips actual aggregate demand Alan Blinder automatic ﬁscal policy automatic stabilizers automatic tax rebate beneﬁts billion Blinder budget deﬁcits cash transfer central bank classical counterrevolution classical economics coefﬁcient combat recession Congress consumer spending consumption tax consumption tax cut countercyclical ﬁscal policy countercyclical policy counterrevolution Democrats depression disposable income econometric economy effect empirical enact equation estimate expenditure Federal Reserve ﬁnance ﬁnd ﬁrst ﬁrst quarter ﬁscal policy advisory ﬂuctuations forecast Friedman government spending households impact income tax increase inﬂation inﬂation rate interest rate Japan Keynesian economics Lucas and Sargent Lucas critique macroeconomics monetary policy NUBAR ofﬁcial output percent policy advisory board predicted President raise ratio real business cycle real GDP recession reduce response sales tax Security and Medicare Seidman severe recession Shapiro and Slemrod shock signiﬁcant Social Security Souleles speciﬁc sufﬁcient surplus tax cut tax rates theory tion treasury triggered unemployment rate withholding
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Fiskalpolitik in der Währungsunion: das Stabilisierungspotential ...
No preview available - 2007