Results 11 to 20 of about 22,432 (259)
The Confidence Effects of Fiscal Consolidations [PDF]
SSRN Electronic Journal, 2015 AbstractWe explore how fiscal consolidations affect private sector confidence, a possible channel for the transmission of fiscal policy that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis.
Beetsma, R. +3 more
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Debt and the Effects of Fiscal Policy [PDF]
SSRN Electronic Journal, 2007 A fiscal shock due to a shift in taxes or in government spending will, at some point in time, constrain the future path of taxes and spending, since the government’s intertemporal budget constraint will eventually have to be met. This simple fact is surprisingly overlooked in analyses of the effects of fiscal policy based on vector autoregressive ...
Favero, Carlo A., Giavazzi, Francesco
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The Signaling Effects of Fiscal Announcements
SSRN Electronic Journal, 2022 Announcing a large fiscal stimulus may signal the government’s pessimism about the severity of a recession to the private sector, impairing the stabilizing effects of the policy. Using a theoretical model, we show that these signaling effects occur when the stimulus exceeds expectations and are more noticeable during periods of high economic ...
MELOSI, Leonardo +3 more
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Distributional Effects of Fiscal Consolidation [PDF]
The Scandinavian Journal of Economics, 2002 If public goods and transfers are relatively more valuable to the poor, the elderly poor stand to lose from public debt reduction achieved through spending cuts. When long–term surpluses produced by debt reduction are recycled into higher provision of public goods and transfers, future generations of poor could gain.
Svend E. Hougaard Jensen +1 more
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Fiscal performance in monetary unions: How much austerity should be allowed? [PDF]
Panoeconomicus, 2017 The effectiveness of fiscal policy becomes particularly relevant in the case of the member countries of a monetary union facing a sovereign debt crisis.
Díaz-Roldán Carmen
doaj +1 more source
Macroeconomic effects of fiscal policy [PDF]
Carnegie-Rochester Conference Series on Public Policy, 1985 Peer Reviewed ; http://deepblue.lib.umich.edu/bitstream/2027.42/25833/1/0000396 ...
Aschauer, David, Greenwood, Jeremy
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UNDERSTANDING MARKET REACTION TO COVID-19 MONETARY AND FISCAL STIMULUS IN MAJOR ASEAN COUNTRIES
Buletin Ekonomi Moneter dan Perbankan, 2021 In this paper, we examine the effect of fiscal and monetary policy stimulus actions during the COVID-19 pandemic on the stock markets of four ASEAN countries, namely, Indonesia, Singapore, Malaysia, and Thailand.
Syed Aun R. Rizvi +2 more
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Measuring the effects of fiscal policy [PDF]
Journal of Economic Dynamics and Control, 2014 Measuring the effects of discretionary fiscal policy is both difficult and controversial, as some explicit or implicit identifying assumptions need to be made to isolate exogenous and unanticipated changes in taxes and government spending. Studies based on structural vector autoregressions typically achieve identification by restricting the ...
Hafedh Bouakez +2 more
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The macroeconomic effects of fiscal policy [PDF]
Applied Economics, 2008 We investigate the macroeconomic effects of fiscal policy using a Bayesian Structural Vector Autoregression approach. We identify fiscal policy shocks via a partial identification scheme, but also: (i) include the feedback from government debt (ii); look at the impact on the composition of output; (iii) assess the effects on asset markets (iv) use ...
António Afonso, Ricardo M. Sousa
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The Output Effect of Fiscal Consolidations [PDF]
SSRN Electronic Journal, 2012 Fiscal consolidations achieved by means of spending cuts are much less costly in terms of output losses than tax-based ones. The difference cannot be explained by accompanying policies, including monetary policy, and it is mainly due to the different response of business confidence and private investment. We obtain these results by studying the effects
Alberto Alesina +2 more
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