scholarly journals Active, or Passive? Revisiting the Role of Fiscal Policy in the Great Inflation

2020 ◽  
Author(s):  
Stephanie Ettmeier ◽  
Alexander Kriwoluzky
Keyword(s):  
Fiscal Policy ◽  
Great Inflation

scholarly journals The role of fiscal policy in Britain's Great Inflation

2016 ◽  
Vol 58 ◽  
pp. 203-218 ◽  
Author(s):  
Jingwen Fan ◽  
Patrick Minford ◽  
Zhirong Ou
Keyword(s):  
Fiscal Policy ◽  
Great Inflation

Evaluation of Fiscal Policy Effect of China’s Photovoltaic Industry

2018 ◽  
pp. 111-116 ◽  
Author(s):  
Gang AN ◽  
Hang WANG
Keyword(s):  
Fiscal Policy ◽  
Research And Development ◽  
Operating Performance ◽  
Fiscal Policies ◽  
Micro Data ◽  
Policy Effect ◽  
Policy Suggestions ◽  
Asset Size ◽  
The Empirical Analysis

To explore the role of fiscal policies in promoting the development of photovoltaic industry, the effects of financial subsidies on the development of China’s photovoltaic industry were analyzed by using the micro data of listed companies. The empirical analysis results in this study indicate that the fiscal policies represented by financial subsidies play a remarkable positive impetus function and financial subsidies are positively correlated with the operating performance of Photovoltaic enterprises. With larger the asset size and higher the Research and Development (R&D) investments, the operating performance of Photovoltaic enterprises is the better. Based on the above results, this study puts forward some policy suggestions on optimizing fiscal policy tools and further promoting the development of photovoltaic industry.

The Role of Fiscal Policy in the Achievement of Social Cohesion. Tax Mix and Public Social Spending

2014 ◽  
Author(s):  
Muriel Saint-Suppry Ceano-Vivas ◽  
Juana Maria Rivera Lirio ◽  
Maria Jesss Muuoz-Torres
Keyword(s):  
Fiscal Policy ◽  
Social Cohesion ◽  
Social Spending

scholarly journals BUDGETARY PROJECTION IN THE SYSTEM OF FINANCIAL AND ECONOMIC REGULATION OF SOCIAL PROCESSES

2020 ◽  
Vol 6 (1) ◽  
pp. 130
Author(s):  
Igor Chugunov ◽  
Valentina Makohon
Keyword(s):  
Time Series ◽  
Fiscal Policy ◽  
Dynamic Balance ◽  
Social Processes ◽  
System Stability ◽  
Policy Outcomes ◽  
Institutional Changes ◽  
Economic Regulation ◽  
Macroeconomic Stability

The purpose of the article is to reveal the role of budgetary projection in the system of financial and economic regulation of social processes within the framework of improving the efficiency of fiscal policy intended to macroeconomic stability maintenance in both countries with transformational and advanced economies. The comparative and factorial methods allowed to developthe features of the institutional environment of the budgetary progection methodology, to identify approaches for its improvement. Methodology. Substantiation of the role of budget forecasting in the system of financial and economic regulation of social processes, determination of provisions for improving its methodology is based on generalized and systematic approaches that are applied in both developed and transformational economies. An analysis of the stages of the process and the budgetary projection methods evaluation, that are used in different countries, have been carried out. Results showed that the efficient budgetary projection methodology is the basis for sound fiscal policy. The development of realistic budgetary projections facilitates justified management decisions aimed at ensuring the country financial firmness. Devia-tions from budget revenues from the projected indicators do not make it possible to achieve certain fiscal policy outcomes and, accordingly, cause a budget cut. In order to develop realistic budgetary projections, a welldesigned and coherent database is needed for all time series, necessary to analyze and project budget revenues. Time series of key determinants affecting the budget revenues level should be available at different frequencies (monthly, quarterly, annually). Where data reflecting similar economic processes by different revenue sources are available, any differences between them shall be determined by reference to their coverage and methodology. Practical implications. Budgetary projections are the basis for the formation of effective fiscal policy and the benchmark of the reproduction process. Adequate level of justification for budget projection will help to provide a dynamic balance of budgetary indicators and the budgetary system stability. Institutional changes to the budgetary projection methodology should be made on the basis of taking into account the dynamic interrelation of budgetary and macroeconomic indicators. The remarkable task here is the development of an economic and mathematical model based on the assessment of the national economy capabilities by reference to the assessment of macroeconomic proportions and the corresponding social and economic conditions of social production. Value/ originality. Developing the budgetary projection approaches in the context of improvement of the fiscal policy efficiency is an important precondition for ensuring macroeconomic stability. In order to increase the budget projection justifiability, it is advisable to make institutional changes to its methodology. Based on the methioned above, the article reveals the essence and role of the budgetary projection in the system of financial and economic regulation of social processes in the context of improving the fiscal policy effectiveness aimed at macroeconomic stability maintenance; approaches to improving the budgetary projection methodology have been identified, and it has been determined that the soundness and feasibility of budgetary projection are the basis for effective fiscal policy. The predictability of budgetary criteria, budgetary architectonics contribute to improving the efficiency of transformations in the public finance system.

scholarly journals The role of automatic stabilizers in business cycle: the case of indonesia

2021 ◽  
Vol 10 (2) ◽  
pp. 167-184
Author(s):  
Haryo Kuncoro
Keyword(s):  
Fiscal Policy ◽  
Standard Model ◽  
Policy Instrument ◽  
Economic Stability ◽  
Fiscal Stimulus ◽  
Quarterly Data ◽  
Discretionary Fiscal Policy ◽  
The Impact ◽  
Automatic Stabilizers

TThe use of large fiscal stimulus packages to dampen the impact of Covid-19 recently has raised concerns about the effectiveness of the discretionary fiscal policy. This paper aims at analysing the feasibility of automatic fiscal stabilisers to mitigate economic fluctuations in the case of Indonesia. Using the IMF standard model for quarterly data over the period of 2001(1) to 2019(4), we find that the role of automatic fiscal stabilisers is getting greater both in revenue and spending. This implies that the automatic fiscal stabilisers are feasible as the main fiscal policy instrument for economic stability goals in the future. However, given the existing circumstances, Indonesia has to reform economic, regulatory, and institutional ecosystems in adopting the automatic fiscal stabilisers.

scholarly journals External competitiveness and the role of fiscal policy: does fiscal austerity matter?

2019 ◽  
Vol 10 (1) ◽  
pp. 55-64
Author(s):  
Boris Cota ◽  
◽  
Nataša Erjavec ◽  
Velibor Mačkić ◽  
Keyword(s):  
Fiscal Policy ◽  
Fiscal Austerity

scholarly journals Utjecaj proračunskog zakona na upravljanje državom u uvjetima razvoja digitalnog gospodarstva

2019 ◽  
Vol 52 (1-2) ◽  
pp. 17-27
Author(s):  
Imeda Tsindeliani ◽  
Olga Gorbunova ◽  
Elena Matyanova ◽  
Kirill Pisenko ◽  
Oksana Palozyan ◽  
...  
Keyword(s):  
Economic Development ◽  
Fiscal Policy ◽  
Network Management ◽  
Management Model ◽  
Budget Control ◽  
Socio Economic Development ◽  
The Government ◽  
Role Of The Government ◽  
Rule Making

The subjects of this study are the effectiveness of budget innovations in the field budgetary rule making and the role of the government in shaping fiscal policy in a digital economy. The article makes a case for new approaches to budget formation, for the enhanced use of budgetary levers to boost socio-economic development in the context of global digitalization. In order to make the influence of social informatization on economic development more effective, the economy has to move to a flat (network) management model. The problems of budget control are analyzed

Sign in / Sign up

Export Citation Format

Share Document