PPT-Introduction to Fiscal Policy

Fiscal Policy Changes in the level of government spending and taxation aimed at either increasing or decreasing the level of aggregate demand in an economy to promote the macroeconomic objectives Fiscal policy is a type of . Presentation to Wim Drees Foundation for Public Finance. Conrad Smewing. Deputy Director, Fiscal Policy and Statistics. April 2011. UNCLASSIFIED. Overview of presentation. Origin of the UK fiscal deficit. Austerity vs. Stimulus. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. REAI Alumni . Advisory . Board . Harvard . Faculty . Club, 9:25 . – . 10:25, April 25. th. , 2014. . Definitions. Example:. Your role says:. . “. Unemployed software engineer. Happy to be hired again. Celebrates by remodeling his kitchen.. ”. You need to write lines:. “. I am a software engineer with a degree from the University of Michigan. It was tough finding a job this past year, but then Google offered me a great position, earning six figures. I. An . International Perspective. Jeffrey Frankel. Seminar on Macroeconomic . Policy. Harvard Economics Department. April 28, 2015. “Fiscal alchemy”?. Eric . Leeper. had it . backwards:. ". Monetary science, fiscal alchemy" . Changes in federal taxes and purchases . Where does the government spend its money?. Federal Government . Spending, 2010. Fiscal Policy. An Overview of Government Spending and Taxes. The Federal Government’s Share of Total Government Expenditures, . as envisaged in the proposed Fiscal Rule Act. Outline. Background. Design. Institutional features. Tasks. Role in policy making. Strengths. Background. A. . EU legislation and Fiscal compact. B. . Comprehensive review of existing institutions. Government of Mozambique . In collaboration with the IMF and the World Bank. March 22-25, 2010. 1. Objective of the Presentation. Objective 1: Assess past experience on how fiscal policy formulation and implementation and the fiscal structural reforms contributed to macroeconomic stability. Sami . Yl. ä. outinen. Fiscal Affairs Department (IMF) & METAC. Workshop on MTFF. December 16. th. –19. th. , 2014, Beirut, Lebanon. Macro-Fiscal Forecasting. Outline of Presentation. Why macroeconomic forecasting. Federal budget process and recent history of outlays, tax revenues, deficits, and debts. Supply-Side Economics. Controversies on effects of deficits on investment, saving, and economic growth. Fiscal policy as a stabilization tool. Middle- and Low-income . Countries:. Brazil, Chile, Colombia, . Ethiopia, . Ghana, Indonesia. , Mexico, . Peru, South Africa and Tanzania. Nora Lustig. Tulane University, CGD, IAD. . Social Protection and Labor . Side Effects (Offsets) to Fiscal Policy. Fiscal Policy not a perfect science/often trial and error with expansionary and contractionary fiscal policy. Expansionary Policy. - greater AD/less unemployment but could lead to inflation. James A. Brumby. Director. Governance Global Practice. 24 February 2016. PEMPAL 2016 . BCoP. PLENARY MEETING . FISCAL RULES FOR EFFECTIVE AND SUSTAINABLE . BUDGETING. Minsk, Belarus. 24–26 February 2016. Chapter 15. Section 1. What is Fiscal Policy?. Fiscal Policy. is the federal government’s use of taxing and spending to keep the economy stable. . -Government spending has a large impact on the economy. Fiscal Policy. Simply put…the Government’s use of taxing and spending to . stimulateor. contract the economy. Background Terms. Deficit… results from an unbalanced budget (12 months). Debt…continues to build…what you owe.