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That concept comes from the belief that different types of fiscal transfers are more or less desirable according to whether the cash is saved or spent immediately.
Subsidy measures will do little to dampen inflationary pressure, especially if governments pair them with higher public-sector wages and other types of fiscal support to soothe troubled populations.
However, there is a growing academic literature that shows that fiscal expansion helps an economy grow in the near term, and that certain types of fiscal stimulus are particularly effective.
Thirdly, we focused on palm oil taxation, but other types of fiscal policies are also increasingly being discussed in the literature, such as taxes on sugar sweetened beverages, which have not yet been modeled for India or most other low and middle income countries.
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In 2002, the authors report, 18 new malls opened in Moscow, their supermarkets and restaurants and shops aimed at everyday city dwellers, not the high-rolling, leather-jacketed mafia types of yesterday.
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