TITLE

ON THE LOGIC OF AUTOMATIC FISCAL STABILIZER

AUTHOR(S)
Dinga, Emil; Ionescu, Cornel
PUB. DATE
September 2009
SOURCE
Economics, Management & Financial Markets;Sep2009, Vol. 4 Issue 3, p255
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The study has as a background objective the design of a logical base of the non-discretionary public policy. In this end, the authors introduce some definition distinctions between the direct versus indirect and between explicit versus implicit public policies of adjustment. On this base, the concept of automatic fiscal stabilizer is offered, from a logical point of view, by identifying the necessary and sufficient predicates of it. The next step was to describe the abstract mechanism of action of the automatic fiscal stabilizer, using the specific concepts of action rate and action base (which are introduced by the paper). The general role (and functions) as well as the logical definition of the automatic fiscal stabilizer express also some results that study intend to propose to the scientific community.
ACCESSION #
45586974

 

Related Articles

  • THE IMPACT OF MONETARY POLICY IN SINGLE-EQUATION MACRO MODELS. Friedlander, Stephen // Nebraska Journal of Economics & Business;Winter80, Vol. 19 Issue 1, p15 

    Presents a study on the use of single-equation macro models to estimate the impact of monetary and fiscal actions on total spending. Alternative specifications of the money-income relation; Use of time-weighted regressions; Implications of misspecification.

  • Kohl, Reagan, and open economy macroeconomics: Revisiting rules for fiscal and monetary policy. Tirelli, Patrizio; Vines, David // Oxford Economic Papers;Oct95, Vol. 47 Issue 4, p561 

    Models three alternative policy strategies for an open economy and evaluates their performance. Use of national monetary policies to achieve domestic price stability; Use of the extended Mundell-Fleming tradition as model; Analytical investigation of stability; Long run multipliers and...

  • Macroeconomic management.  // OECD Economic Surveys: Hungary;Jun2002, Vol. 2002 Issue 10, p45 

    Explores how Hungary is managing its macroeconomic performance. Impact of its monetary policy on inflation rate; Implications of the country's accession to the European Union for its fiscal policy; Appreciation of the exchange rate.

  • Fiscal, monetary policy and the conditional risk premium in short-term interest rate differentials: an application of Tobin's portfolio theory Flavin, Thomas J.; Limosani, Michele G. // International Review of Economics & Finance;2007, Vol. 16 Issue 1, p101 

    Abstract: This paper proposes a Multivariate-Arch in Mean model to analyze the potential channels through which domestic fiscal and monetary policy as well as changes in the international economic environment may affect interest rate differentials across countries. This technique is illustrated...

  • Monetary Policy and Asset Price Bubbles. Rudebusch, Glenn D. // FRBSF Economic Letter;8/5/2005, Vol. 2005 Issue 18, p1 

    Examines how policymakers might choose between alternative courses of action when confronted with a possible asset price bubble. Proposed general monetary policy responses to movements in an asset price; Choosing between the Standard and Bubble policies; Adverse macroeconomic consequences of...

  • II. Macroeconomic policies.  // OECD Economic Surveys: Sweden;Jun2002, Vol. 2002 Issue 14, p41 

    Addresses some of the key issues involved in macroeconomic policies in Sweden. Background factors influencing monetary conditions; Impact of the implementation of monetary policy in 2001 and early 2002; Objectives guiding fiscal policy. INSETS: Reform to the financing of childcare...

  • THE SHORT-RUN IMPACT OF MONETARY AND FISCAL POLICY IN A TWO SECTOR KEYNESIAN MODEL. Allen, Larry; Price, Don // American Economist;Spring86, Vol. 30 Issue 1 

    Examines the implications of monetary and fiscal policy on a two-sector Keynesian model. Description of the two-sector closed macroeconomics model; Regional trade models; Distinction between consumption goods sector and the capital-goods sector; Wage-unemployment trade-off; Equilibrium in the...

  • Monetary operations by Hong Kong's Currency Board. Gerlach, Stefan // Journal of Asian Economics;Jan2005, Vol. 15 Issue 6, p1119 

    Currency Boards are typically seen as demonstrating the advantages of rule-bound monetary policies with automatic responses to exchange market imbalances. We study the monetary operations conducted by Hong Kong's Currency Board, using daily data between September 1998 and December 2001. Since...

  • Monetary Policy Regimes. Howells, Peter; Mariscal, Iris Biefang-Frisancho // International Journal of Political Economy;Spring2006, Vol. 35 Issue 1, p62 

    The article argues that the international consensus on monetary policy rests on a very unstable basis and that serious consequences could result from an end to the consensus. Among the weaknesses are the refusal of mainstream macroeconomics to recognize that governments are using price adoption...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics