Economia
Do último artigo de Robert Barro e Charles Redlick:
"For U.S. annual data that include WWII, the estimated multiplier for defense spending is 0.6-0.7 at the median unemployment rate. There is some evidence that this multiplier rises with the extent of economic slack and reaches 1.0 when the unemployment rate is around 12%. Multipliers for non-defense purchases cannot be reliably estimated because of the lack of good instruments. For samples that begin in 1950, increases in average marginal income-tax rates (measured by a newly constructed time series) have a significantly negative effect on real GDP. Increases in taxes seem to reduce real GDP with mainly a one-year lag due to income effects and mostly a two-year lag due to substitution (tax-rate) effects. Since the defense-spending multiplier is typically less than one, greater spending tends to crowd out other components of GDP. The largest effects are on private investment, but non-defense purchases and net exports tend also to fall. The response of private consumer expenditure differs insignificantly from zero. "
- Regra De Taylor
Explicado por Janet Yellen “For example, the Taylor rule is Rt = RR* + πt + 0.5(πt -2) + 0.5Yt, where R denotes the federal funds rate, RR* is the estimated value of the equilibrium real rate, π is the current inflation rate (usually...
- O Multiplicador Keynesiano Pode Ser Negativo
KEYNESIAN GOVERNMENT SPENDING MULTIPLIERS AND SPILLOVERS IN THE EURO AREA by Tobias Cwik and Volker Wieland Abstract The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of...
- Contra Keynes E O Keynesianismo Moderno
"... Robert Barro, Harvard University, said of the Obama fiscal stimulus proposal: "This is probably the worst bill that has been put forward since the 1930s. I don't know what to say. I mean it's wasting a tremendous amount of money. It has some...
- Chega De Maluquice!
Esta é a mensagem central do artigo de John Taylor no WSJ: "It's been three years since the financial crisis flared up and the recession began. Yet the unemployment rate is still over 9%—double what it was before the recession—and it's...
- O Estímulo Fiscal, Um Ano Depois
Robert Barro, da Harvard University, investiga o tamanho dos multiplicadores de gastos e tributos e conclui, no WSJ: "We can now put the elements together to form a "five-year plan" from 2009 to 2013. The path of incremental government outlays over the...
Economia
Impactos Macroeconômicos de Impostos e Compras do Governo
Do último artigo de Robert Barro e Charles Redlick:
"For U.S. annual data that include WWII, the estimated multiplier for defense spending is 0.6-0.7 at the median unemployment rate. There is some evidence that this multiplier rises with the extent of economic slack and reaches 1.0 when the unemployment rate is around 12%. Multipliers for non-defense purchases cannot be reliably estimated because of the lack of good instruments. For samples that begin in 1950, increases in average marginal income-tax rates (measured by a newly constructed time series) have a significantly negative effect on real GDP. Increases in taxes seem to reduce real GDP with mainly a one-year lag due to income effects and mostly a two-year lag due to substitution (tax-rate) effects. Since the defense-spending multiplier is typically less than one, greater spending tends to crowd out other components of GDP. The largest effects are on private investment, but non-defense purchases and net exports tend also to fall. The response of private consumer expenditure differs insignificantly from zero. "
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- Regra De Taylor
Explicado por Janet Yellen “For example, the Taylor rule is Rt = RR* + πt + 0.5(πt -2) + 0.5Yt, where R denotes the federal funds rate, RR* is the estimated value of the equilibrium real rate, π is the current inflation rate (usually...
- O Multiplicador Keynesiano Pode Ser Negativo
KEYNESIAN GOVERNMENT SPENDING MULTIPLIERS AND SPILLOVERS IN THE EURO AREA by Tobias Cwik and Volker Wieland Abstract The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of...
- Contra Keynes E O Keynesianismo Moderno
"... Robert Barro, Harvard University, said of the Obama fiscal stimulus proposal: "This is probably the worst bill that has been put forward since the 1930s. I don't know what to say. I mean it's wasting a tremendous amount of money. It has some...
- Chega De Maluquice!
Esta é a mensagem central do artigo de John Taylor no WSJ: "It's been three years since the financial crisis flared up and the recession began. Yet the unemployment rate is still over 9%—double what it was before the recession—and it's...
- O Estímulo Fiscal, Um Ano Depois
Robert Barro, da Harvard University, investiga o tamanho dos multiplicadores de gastos e tributos e conclui, no WSJ: "We can now put the elements together to form a "five-year plan" from 2009 to 2013. The path of incremental government outlays over the...