Procyclical Fiscal Policy / by Toshihiro Ihori, Keigo Kameda

Von:

Ihori, Toshihiro, 1952- [VerfasserIn]

Mitwirkende(r):

Kameda, Keigo [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: Development Bank of Japan Research Series | Springer eBook Collection | SpringerLink BücherVerlag: Singapore : Springer Singapore, 2018Beschreibung: Online-Ressource (XIII, 68 p. 19 illus., 9 illus. in color, online resource)ISBN:

9789811329951

Schlagwörter:

Andere physische Formen: 9789811329944 | 9789811329968 | Printed edition: 9789811329944 | Printed edition: 9789811329968 | Erscheint auch als: Procyclical fiscal policy. Druck-Ausgabe 1st edition 2018. Singapore : Springer, 2018. xiii, 68 Seiten in 1 TeilDDC-Klassifikation:

LOC-Klassifikation:

HJ9-9940

DOI: DOI: 10.1007/978-981-13-2995-1Online-Ressourcen:

Zusammenfassung: Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a new interpretation of this procyclicality after reviewing theoretical and empirical evolution of the research. In particular, by incorporating the political effort behavior of private agents into a weak government model, we explore how income fluctuations affect the optimal budget deficits in a political economy. If the government can control the political behavior, normally, the optimal budget deficit should rise in a recession as a first-best case; however, interestingly, a recession does not necessarily prompt an increase in the budget deficits in a second-best political economy. The response of the budget deficits to income fluctuations mainly depends on the efficiency of political effort, which may correspond to the degree of democracy and bureaucratic efficiency of the governments. We test the prediction of the pro-cyclical fiscal policy and find it applicable for democratic countries with semi-efficient governments including JapanZusammenfassung: 1 Numerical Overview of Fiscal Cyclicality -- 2 Theory of Procyclical Fiscal Policy -- 3 Budget Deficits and Income Fluctuation in a Political EconomyPPN: PPN: 1045542938Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF

Exemplare ( 0 )
Titelinformationen ( 1 )

Dieser Titel hat keine Exemplare

Reproduktion. (Springer eBook Collection. Economics and Finance)