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Quantitative methods (economics) --- Economic policy --- Control theory --- Macroeconomics --- Econometric models --- Congresses. --- Congresses --- Economic policy - Econometric models - Congresses. --- Control theory - Econometric models - Congresses. --- Macroeconomics - Econometric models - Congresses. --- Economic policy - Econometric models - Congresses --- Control theory - Econometric models - Congresses --- Macroeconomics - Econometric models - Congresses

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Economic policy --- -AA* / International - Internationaal --- 305.96 --- 330.05 --- 339 --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Econometric models --- Macro-economisch model van een of verschillende landen. --- Working papers --- Money. Monetary policy --- Macroeconomics --- Econometric models. --- AA* / International - Internationaal --- Macro-economisch model van een of verschillende landen --- Economic policy - Econometric models. --- Macroeconomics - Econometric models.

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We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the elasticity of labor supply, as well as the characteristics of utility and production functions, and the degree of competition are all critical for determining the impact of fiscal policy. Four topical fiscal policy issues, for a representative large and small economy, are examined: the effects of changes in government debt; higher government spending; tax reform; and privatization of retirement savings.

Economic policy -- Econometric models. --- Electronic books. -- local. --- Fiscal policy -- Econometric models. --- Political Science --- Law, Politics & Government --- Public Finance --- Fiscal policy --- Economic policy --- Econometric models. --- Tax policy --- Taxation --- Government policy --- Finance, Public --- Banks and Banking --- Macroeconomics --- Debt --- Debt Management --- Sovereign Debt --- Interest Rates: Determination, Term Structure, and Effects --- Macroeconomics: Consumption --- Saving --- Wealth --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Fiscal Policy --- Public finance & taxation --- Finance --- Welfare & benefit systems --- Public debt --- Real interest rates --- Consumption --- Labor taxes --- Debts, Public --- Interest rates --- Economics --- Income tax --- United States

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This paper attempts to identify robust patterns of cross-country growth behavior in the world as a whole and Africa. It employs a novel methodology that incorporates a dynamic panel estimator, and Bayesian Model Averaging to explicitly account for model uncertainty. The findings indicate that: (i) in addition to initial conditions, various economic factors such as higher investment, lower inflation, lower government consumption, better fiscal stance, improved political environment, exogenous terms-of-trade shocks, and fixed geographical factors are robustly correlated with growth; (ii) what is good for growth around the world is, in principle, also good for growth in Africa; and (iii) political and institutional variables are particularly important in explaining African growth.

Africa -- Economic conditions -- Econometric models. --- Africa -- Economic policy -- Econometric models. --- Economic development -- Econometric models. --- Electronic books. -- local. --- Exports and Imports --- Macroeconomics --- Demography --- Bayesian Analysis: General --- Multiple or Simultaneous Equation Models: Models with Panel Data --- Aggregate Factor Income Distribution --- Macroeconomics: Consumption --- Saving --- Wealth --- International Lending and Debt Problems --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Labor Economics: General --- International economics --- Population & migration geography --- Labour --- income economics --- Income --- Government consumption --- Debt service --- Population growth --- Labor --- National accounts --- External debt --- Population and demographics --- Consumption --- Economics --- Population --- Labor economics --- India --- Economic development --- Econometric models. --- Africa --- Economic conditions --- Economic policy --- Income economics

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We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of the real exchange rate (RER) in a sample of 64 developing countries. We study the dynamic of the RER with its economic fundamentals: productivity, the terms of trade, openness, and government spending. We derive a number of common factors that explain the dynamic of the RER in our sample. We find that while some fundamentals such as productivity, terms of trade, and openness are strongly related to these common factors in low-income countries, no such link is found for the middle-income countries. We also derive the misalignment indices, which seem to reproduce recent episodes of overvaluation and undervaluation in a number of countries.

Developing countries -- Economic conditions -- Econometric models. --- Developing countries -- Economic policy -- Econometric models. --- Electronic books. -- local. --- Foreign exchange rates -- Developing countries -- Econometric models. --- Foreign Exchange --- Money and Monetary Policy --- Information Management --- Price Level --- Inflation --- Deflation --- Simulation Methods --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Technological Change: Choices and Consequences --- Diffusion Processes --- Currency --- Foreign exchange --- Monetary economics --- Knowledge management --- Real exchange rates --- Real effective exchange rates --- Exchange rates --- Currencies --- Technology transfer --- Money --- Technology --- Ghana --- Foreign exchange rates --- Econometric models. --- Developing countries --- Economic conditions --- Economic policy