𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Financing fiscal policy: a sensitivity analysis

✍ Scribed by Franklin R. Shupp

Book ID
103087191
Publisher
Elsevier Science
Year
1981
Tongue
English
Weight
938 KB
Volume
312
Category
Article
ISSN
0016-0032

No coin nor oath required. For personal study only.

✦ Synopsis

It has been realized for some time that the eflectiveness of fiscal policy is sensitive to the means of financing that policy. More particularly, expansionary fiscal policy financed by money creation is known to be more eficient than the same fiscal action financed by bond sales. This study uses both simulation and optimal control experiments to demonstrate that when only plausible financing arragnements are considered the effectiveness of fiscal policy is far less sensitive to the form of finance than previously believed.

πŸ“œ SIMILAR VOLUMES

Stabex versus IMF compensatory financing
Stabex versus IMF compensatory financing: impact on fiscal policy
✍ Jean-Francois Brun; GΓ©rard Chambas; Bertrand Laporte πŸ“‚ Article πŸ“… 2001 πŸ› John Wiley and Sons 🌐 English βš– 84 KB

## Abstract The supply of external financing to developing countries generally tends to increase in periods when export earnings are booming and thus, in periods of increasing government revenues. Conversely, Stabex and IMF Compensatory Financing transfers are primarily designed to take place in re

Aid and fiscal policy in Nicaragua: A fi
Aid and fiscal policy in Nicaragua: A fiscal response analysis
✍ Roberto Machado πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 212 KB

## Abstract This paper estimates a model of fiscal response to analyse the impact of aid on government consumption and investment, tax revenue and public borrowing in Nicaragua in 1966–2004. This country is an interesting case study since aid flowsβ€”i.e. grants and aid loansβ€”averaged more than 8 per