Found 461 article(s) in category 'Fiscal Policy'

Rediscovering Fiscal Policy at the G7

Rediscovering Fiscal Policy at the G7. Jeffrey Frankel, May 24, 2016, Opinion. “As G7 leaders convene in Ise-Shima, Japan, the global economy’s fragility is a top concern. But instead of focusing on currency wars, the leaders of the major developed economies should be discussing fiscal policy, which under current conditions would be a more powerful tool than monetary policy for boosting economic activity. After all, today, unlike in normal times, the effects of fiscal policy would not be limited by too-high interest rates, inadequate private demand, strict capacity constraints, or excessive inflation.Link

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Microeconomics of Competitiveness Financial Services Cluster in Lima – Final Report

Microeconomics of Competitiveness Financial Services Cluster in Lima – Final Report. Laura Alfaro, May 6, 2016, Paper. “Since gaining independence from the Spanish Empire in 1824, Peru has had a long history of dictatorships and military coups. Only in the 1980s did the country achieve a peacefully elected democracy. Since that time, in spite of pressure from fringe, armed political groups like the “Shining Path”, the country has managed thirty-six years (and counting) of stable democracy. The country today exists as a constitutional republic with a unicameral legislature, and there are roughly eight active political parties at the national stage1 (parties coalesce and diverge as coalitions form and break apart from vote to vote).Link

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The Market for Creampuffs: Big Data and the Transformation of the Welfare State

The Market for Creampuffs: Big Data and the Transformation of the Welfare State. Torben Iversen, April 2016, Paper. “The literature on the welfare state assumes, often implicitly but almost universally, that social insurance can or will be provided through the state. This assumption is based on economic models of insurance that show the propensity for market failure when information is limited and privately held. With the data revolution this is no longer a satisfactory approach, and this paper asks what happens when information rises and can be credibly shared with insures. Our model shows that Big Data alters the politics of social insurance by increasing polarization over the level and cost-sharing of public provision, and sometimes by creating majorities for a shift towards segmented and inegalitarian private markets (a shift that is conditioned by government partisanship).Link

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Financing High-Potential Entrepreneurship

Financing High-Potential Entrepreneurship. Ramana Nanda, April 2016, Paper. “Entrepreneurship is essential to job creation and to productivity growth and therefore is an important matter for government policy. However, policymakers face a difficult challenge because successful growth for a few firms—which cannot easily be identified in advance—is accompanied by widespread failure for most other new firms. Predicting which firms will fail and which will succeed is nearly impossible. Instead of futilely trying to pick winners, governments can play a useful role in facilitating the growth of the most promising firms by setting the conditions for efficient trial-and-error experimentation across firms.Link

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Larry Summers: The prospect of Donald Trump being president is the gravest threat to America

Larry Summers: The prospect of Donald Trump being president is the gravest threat to America, April 14, 2016, Video. “Former Treasury Secretary Larry Summers spoke at the International Monetary Fund on Wednesday, warning against austerity measures amid a tepid economy.  Yahoo Finance sat down with him to get little more color on the economy and to find out what keeps him up most at night.  “I think the prospect of Donald Trump being President would be the gravest threat to our prosperity, our security, and our freedom in my adult lifetime,” Summers said. “That’s the thing I would worry most about.”Link

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Billionaires against Big Business: Growing Tensions in the Republican Party Coalition

Billionaires against Big Business: Growing Tensions in the Republican Party Coalition. Theda Skocpol, April 8, 2016, Paper. “As the Republican Party has shifted further to the right, policy battles have broken out between business associations and conservative groups. We use data from Congressional scorecards issued between 2007 and 2014 to analyze areas of policy divergence and convergence between two major organized players in the GOP coalition: the U.S. Chamber of Commerce and the increasingly comprehensive and assertive political network orchestrated by libertarian multibillionaires Charles and David Koch. We show that policy splits have widened and pinpoint the issue areas where free-market advocacy by the Koch network converges with or differs from the business-friendly menu of policies promoted by the U.S. Chamber. Our findings inform research on ideological polarization and associated shifts in party coalitions. They also illuminate the political reverberations of rising economic inequality, making it clear that the goals and strategies of very wealthy individuals may not be fully aligned with those pursued by business associations.Link

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Competitiveness and Growth Policy Design

Competitiveness and Growth Policy Design. Philippe Aghion, March 22, 2016, Book Chapter. “After decades during which governments in developed countries would privilege domestic demand as a main driver of economic growth, the advent of globalisation has forced governments to increasingly turn their attention to the competitiveness of the domestic economy, i.e. the extent to which a country can export its production abroad and thereby ‘exchange goods and services in which it is abundant for goods and services that it lacks’.Link

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Discovering and Explaining Systematic Bias and Nontransparency in US Social Security Administration Forecasts

Discovering and Explaining Systematic Bias and Nontransparency in US Social Security Administration Forecasts. Gary King, March 18, 2016, Paper. “Some data shared: in difficult, disorganized, non-automated formats Some impossible to share: informal, qualitative methods; eg, committees choosing huge numbers of adjustable parameters Much could be shared but is not (with the public, the scientific community, US …Link

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A Conversation With Robert D. Putnam

A Conversation With Robert D. Putnam. Robert Putnam, March 16, 2016, Video. “A best-selling author and professor at the Harvard Kennedy School, Robert Putnam is one of America’s leading political scientists. In recent years, he has written widely on the decline in America’s civic life, and, with it, our capacity for self-government. In this conversation, Putnam discusses his research on declining levels of civic participation in America and presents his interpretation of the reasons for it. Putnam also recalls how actual political developments awakened his interest in political science, and explains how social science might help us address public policy problems,” writes the Foundation for Constitutional Government, the sponsor of the series.Link

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Who’s Right on US Financial Reform?

Who’s Right on US Financial Reform? Jeffrey Frankel, February 24, 2016, Opinion. “Eight years after triggering a crisis that nearly brought down the global financial system, the United States remains plagued by confusion about what reforms are needed to prevent it from happening again. As Americans prepare to choose their next president, a better understanding of the policy changes that would minimize the risk of future crises – and which politicians are most likely to implement them – is urgently needed.Link

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