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| 1 |
ID:
175033
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| Summary/Abstract |
The environmental impacts of macroeconomic policies, and their interaction with climate policies are under-researched in the existing literature. This paper compares the effectiveness of standard macroeconomic tools (fiscal and monetary policies) with carbon taxation in curbing air pollution by using an environmental dynamic stochastic general equilibrium (E-DSGE) model. We show how government expenditure, interest rate, and carbon tax rate should vary over time in order to stabilize carbon emission levels. We find that (i) while all the aforementioned policies could stabilize carbon emissions, their underlying mechanisms are different. Fiscal, monetary, and carbon tax policies, uniquely and respectively, lead to a reduction in abatement effort, income tax revenue, and general price level. (ii) With economic expansions driven by total factor productivity (TFP) shocks, fiscal policy is the only policy that could maintain the emission levels and simultaneously improve household welfare in term of consumption and labor. (iii) Regarding the interaction between carbon and macroeconomic policies, carbon taxation should complement monetary policy, while it should not respond to fiscal policy.
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| 2 |
ID:
145617
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| Summary/Abstract |
Political scientists Edward A. Fogarty and Gene Park argue that the world’s response to the 2008 economic crisis demonstrates that, when the next global economic disaster hits, members of the G-20 will work together. Outside of crisis, the G-20 can only be expected to take baby steps toward greater coordination and fiscal transparency.
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| 3 |
ID:
126572
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2013.
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| Summary/Abstract |
In many countries, natural resources have been detrimental to the economic development. The literature on "the resource curse" shows a bleak relationship: countries with large natural resources generally experience lower economic growth than other countries. Norway does not fit into this picture. Economic growth has much higher than in most other industrialized countries. This paper describes the key features of the Norwegian management of the petroleum resources. The main focus is on the management of the revenues from the petroleum sector, but the effects of the petroleum sector on the Norwegian economy more generally are also discussed.
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| 4 |
ID:
124356
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2012.
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| Summary/Abstract |
The media in France show an inordinate interest in the Middle East and more specifically in the Palestinian issue and Israel. Not a day passes without a news item, an article, and several blog posts on the subject. Each year ushers in a new crop of essays on this topic, while other weighty matters, such as human rights in China or the neverending food crisis and endemic corruption in Africa get short shrift. The subject never fails to fascinate the public. Writing about the settlements or the blockade of Gaza will prompt hundreds of talkbacks, a fact well known to editors of websites such as Rue891, which rely heavily on advertising to survive.
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| 5 |
ID:
128835
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2014.
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| Summary/Abstract |
The propensity of cutting some government spending during the crisis time generates the incentive for some policy-makers and governments to modify certain expenses irrespective to output variations. The goal of this paper is to analyse the cyclical properties of defence expenditure in Spain (1978-2009) and to characterize the consequences of economic and political cycles on this public spending.
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| 6 |
ID:
185634
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| Summary/Abstract |
In contrast with their halting response to the global financial crisis a decade ago, European policymakers acted quickly to mitigate the economic damage from the COVID-19 pandemic. They eased the way for governments to run deficits and increase their debt loads. In a breakthrough, the European Union agreed to a plan for common borrowing for a pandemic recovery fund. Although controversial in some countries, common debt would make it easier to address inequities among member states. But the plan was nearly derailed by objections from Poland and Hungary to a provision that would withhold funds from member states that violate the rule of law and other democratic norms, raising doubts about how transformative the borrowing precedent would prove to be.
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| 7 |
ID:
171975
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| Summary/Abstract |
As a retrospective exploration of China’s central–local relations over the past four decades of the reform era, this paper argues that since the mid-1990s, relations have evolved with a growing likelihood to break away from the vicious cycle of decentralization and recentralization since 1949. China’s post-reform era started in synchronization with a sweeping move toward decentralization, a trend which generated a myriad of systemic crises that threatened the legitimacy and survival of the regime. Thus, the mid-1990s saw a systematic rollback of decentralization. This rollback is to be understood as a comprehensive scheme of rebalancing rather than a mere replication of pre-reform recentralization. On the other hand, the rebalancing has still occurred in consistence with a cyclical pattern that had characterized the broadly conceived regularity of decentralization and recentralization. While the rebalancing has not been immune from various pathologies, the central state has selected to make contingent and marginal adaptations to cope with the problems instead of shattering the current framework of rebalancing and returning completely to decentralization. Instead of relying solely on original research, this paper will bolster its main argument by conducting a synthetic reasoning from a rich array of extant analyses to sketch out the contours of China’s central–local relations in fiscal, investment, and personnel management policy areas during the past four decades.
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| 8 |
ID:
190832
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The key objective of this article is to empirically examine the trends and determinants of revenue diversification with respect to 14 major Indian states. The findings highlight a gradual decrease in the level of revenue diversification, which has become more visible in recent years. This indicates an erratic pattern of growth in tax and non-tax revenue sources. The panel cross-sectional–autoregressive distributed lag model test results reveal a positive contribution of economic and institutional factors, as compared to political factors, toward the process of revenue diversification. Overall, it is evident that cyclical fluctuations in the major tax revenue sources, coupled with a lessened emphasis on rationalising the structure of non-tax revenue sources, seem to have had an adverse impact on the process of revenue diversification on the part of states.
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| 9 |
ID:
089695
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| Publication |
New Delhi, Oxford University Press, 2009.
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| Description |
281p.
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| Standard Number |
9780198064091
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 054250 | 330.954/IND 054250 | Main | On Shelf | General | |
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| 10 |
ID:
104774
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| Publication |
New Delhi, Oxford University Press, 2011.
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| Description |
331p.
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| Standard Number |
9780198074090
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Copies: C:1/I:0,R:1,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 056021 | 330.954/IND 056021 | Main | On Shelf | Reference books | |
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| 11 |
ID:
098775
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| 12 |
ID:
150399
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| Summary/Abstract |
This paper examines the effects of fiscal policy on CO2 emissions using Vector Autoregressions on U.S. quarterly data from 1973 to 2013. In particular, we analyze the short- and mid-term interactions between fiscal policy and emissions by using sign restrictions to identify the policy shocks. We construct the impulse responses to linear combinations of fiscal shocks, corresponding to the scenarios of deficit-financed spending and deficit-financed tax-cuts. To consider possible variations of the effect of fiscal policy according to the sources of pollution, we distinguish between production- and consumption- generated CO2 emissions. The results point out that the implementation of expansionary fiscal spending provides an alleviating effect on emissions from both sources of the pollutant, whereas deficit-financed tax-cuts are associated with an increase on consumption-generated CO2 emissions. The exact pattern of the effects depends on the source of emissions, the scenario of fiscal policy that is implemented and the functional class of government expenditure being increased.
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| 13 |
ID:
043219
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| Publication |
Washington, Amrican Enterprise Institute, 1984.
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| Description |
324p
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| Standard Number |
0844713651
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 022742 | 332.460973/FEL 022742 | Main | On Shelf | General | |
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| 14 |
ID:
041065
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| Publication |
Washington, The Brookings Institution, 1965.
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| Description |
xvi, 301p.
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| Series |
Studies of Government Finance
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 012426 | 336.3/MUS 012426 | Main | On Shelf | General | |
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| 15 |
ID:
138688
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| Summary/Abstract |
The Eurozone economy is stalling. Growth forecasts have been revised down. Inflation is falling, well below the level consistent with the definition of price stability (two percent). Unemployment remains high. Divergences between the members of the monetary union have not shrank, with northern countries recording large and increasing surpluses in their current accounts, while the deficits in the south have largely been cut through sharp contractions in domestic demand and imports.
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| 16 |
ID:
141504
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| Summary/Abstract |
Government actions influence a country's economic performance. However, the debate about the effects of government budget deficit on economic growth remains unsettled. On the one hand, deficit is believed to trigger high tax rates, which can decrease productivity and deter private investment. On the other, deficit spending is assumed to complement business investment and stimulate economic productivity. This article assesses the probability of such claims for the Vietnamese government's fiscal policy between 1989 and 2011. After the introduction of the Doi Moi reform policy in the late 1990s, Vietnam has witnessed high economic growth. Yet, its government's deficit pattern is among the highest in Southeast Asia. The findings demonstrate that in the case of Vietnam, government deficits had no direct effects on the country's economic productivity between 1989 and 2011. Instead, the article discovers that foreign direct investment (FDI) played an important role in Vietnam's economic productivity over the same period, while real interest rates adversely affect growth. This article concludes that rather than an expansion of the public sector through government spending deficit, Vietnam requires administrative and regulatory reforms to ensure an efficient use of government resources, a continuous flow of foreign capital, and consistent economic growth.
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| 17 |
ID:
107996
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| Publication |
2011.
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| Summary/Abstract |
On 18 March 2011, the China Association for World Economics hosted "The Presentation of the 2010 Pushan Award for Excellent Papers on International Economics" at the China Central University of Finance and Economics. Over 700 scholars and students from home and abroad attended the ceremony. Professor Joseph Stiglitz, the winner of the Nobel Prize in Economics, presented the awards and gave a speech on "The Failure of Economics in America." The following speech transcript has been approved and edited kindly by Professor Stiglitz.
The editor thanks Eamon Kircher-Allen for assistance.
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| 18 |
ID:
043256
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| Publication |
Washington, D C, Brookings Institution, 1962.
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| Description |
xv, 311p.
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 012380 | 336.30973/LEW 012380 | Main | On Shelf | General | |
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| 19 |
ID:
141088
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| Summary/Abstract |
This paper looks at the problems faced by the Chinese silver-backed currencies in Manchuria during the period of Northern Expedition (1925–1928), the Chinese attempt to overcome these problems, and the reasons for its failure. Manchuria was a peculiar territory during the interwar period (1919–1939), where several currencies, backed by silver or gold, competed against one another. The Chinese silver banknote, first introduced at the turn of the twentieth century, was challenged by gold-backed Japanese yen issued by the Bank of Korea, and by the Russian ruble. This competition was set in the context of the struggle for political control over the area between China (the Qing Dynasty and its successor, the Chinese Republic), Russia (and its successor the Soviet Union), and the Japanese Empire, as well as the war between the southern Nationalists (Kuomintang) and the militarists (warlords) who controlled the Chinese central government in Beijing and Manchuria. This paper suggests that the difficult financial situation determined the course followed by the warlords, and that their failure was the result of the complex regional context, and the failures in their military strategy rather than of their fiscal policy.
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| 20 |
ID:
098746
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