Verfügbarkeit: To Starve or Not to Starve the Beast?

To Starve or Not to Starve the Beast?:

For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government spending cuts. This paper analyzes the macroeconomic and welfare consequences of this policy using a two-country general equilibrium model. Under several strong assumptions the policy, i...

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1. Verfasser:	Kumhof, Michael (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2010
Schriftenreihe:	IMF Working Papers Working Paper No. 10/199
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government spending cuts. This paper analyzes the macroeconomic and welfare consequences of this policy using a two-country general equilibrium model. Under several strong assumptions the policy, if fully implemented, produces domestic output and welfare gains accompanied by losses elsewhere. But negative effects can easily arise in the presence of longer policy implementation lags, utility-enhancing government spending, and productive government capital. Overall, the analysis finds no support for the idea that starving the beast is a foolproof way towards higher output and welfare
Beschreibung:	1 Online-Ressource (36 p)
ISBN:	145520529X 9781455205295

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spelling	Kumhof, Michael Verfasser aut To Starve or Not to Starve the Beast? Kumhof, Michael Washington, D.C International Monetary Fund 2010 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/199 For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government spending cuts. This paper analyzes the macroeconomic and welfare consequences of this policy using a two-country general equilibrium model. Under several strong assumptions the policy, if fully implemented, produces domestic output and welfare gains accompanied by losses elsewhere. But negative effects can easily arise in the presence of longer policy implementation lags, utility-enhancing government spending, and productive government capital. Overall, the analysis finds no support for the idea that starving the beast is a foolproof way towards higher output and welfare Online-Ausg Laxton, Douglas Sonstige oth Leigh, Daniel Sonstige oth http://elibrary.imf.org/view/IMF001/11249-9781455205295/11249-9781455205295/11249-9781455205295.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kumhof, Michael To Starve or Not to Starve the Beast?
title	To Starve or Not to Starve the Beast?
title_auth	To Starve or Not to Starve the Beast?
title_exact_search	To Starve or Not to Starve the Beast?
title_exact_search_txtP	To Starve or Not to Starve the Beast?
title_full	To Starve or Not to Starve the Beast? Kumhof, Michael
title_fullStr	To Starve or Not to Starve the Beast? Kumhof, Michael
title_full_unstemmed	To Starve or Not to Starve the Beast? Kumhof, Michael
title_short	To Starve or Not to Starve the Beast?
title_sort	to starve or not to starve the beast
url	http://elibrary.imf.org/view/IMF001/11249-9781455205295/11249-9781455205295/11249-9781455205295.xml
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