01730cas a2200253 a 4500 AALejournalIMF004088 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863321 1018-5941 BD-DhAAL BD-DhAAL Kumar, Manmohan. Fundamental Determinants of the Effects of Fiscal Policy / Manmohan Kumar, Dennis Botman. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Botman, Dennis. IMF Working Papers; Working Paper ; No. 2006/072 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/072/001.2006.issue-072-en.xml IMF e-Library