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THE EFFECTIVENESS OF CANADIAN FISCAL POLICY
The Journal of Finance, 1952IN ATTEMPTING to assess the role of economic policy, the specific measures selected must be tailored to the country's economic organization, and, in particular, to its monetary and fiscal institutions. This observation is more pertinent the less the country resembles a "closed economy." Foreign influences, both via visible trade and the less obvious ...
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The effect of fiscal system reform on fiscal policy outcomes
Scottish Journal of Political Economy, 2019AbstractWe investigate how reform in governmental accounting affects fiscal policy outcomes including debt, balance, and fiscal transparency. Since a change from cash to accrual accounting can be regarded as a natural experiment among governments, a fixedâeffects model is exploited.
Sangmok Lee, Hadi Salehi Esfahani
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Assessing the Effects of Fiscal Shocks [PDF]
This paper investigates the response of real wages and hours worked to an exogenous shock in fiscal policy. We identify this shock with the dynamic response of government purchases and tax rates to an exogenous increase in military purchases. The fiscal shocks that we isolate are characterized by highly correlated increases in government purchases, tax
Craig Burnside +2 more
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Fiscal Effects on U.S. Economic Growth
1993Most empirical studies of the fiscal effects on economic growth are of two types. One set, the focus of most applied public finance, estimates the partial effects of changes in specific government expenditures or tax provisions, based on the data from one country. For example, see Aschauer (1990) and Jorgenson and Yun (1990).
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The effects of fiscal institutions on fiscal adjustment
Journal of International Money and Finance, 2023Christos Chrysanthakopoulos +1 more
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Fiscal Policy, Wealth Effects, and Markups [PDF]
We document that variations in government purchases generate a rise in consumption, the real and the product wage, and a fall in the markup. This evidence is robust across alternative empirical methodologies used to identify innovations in government spending (structural VAR vs. narrative approach).
Monacelli, Tommaso, Perotti, Roberto
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Inequality and Fiscal Policy Effectiveness
SSRN Electronic Journal, 2014This paper examines the role of income inequality in determining fiscal policy effectiveness by using panel data of 42 advanced and developing countries during Q1 2000-Q3 2007. Our panel VAR analysis shows that the effect of fiscal policy on output is smaller in economies with high income inequality: the 1-year fiscal multiplier for a country with ...
Ju Hyun Pyun, Dong-Eun Rhee
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2001
It is clear from the implications of growth theory that the impact of aid depends on how it affects savings, investment and government behaviour. In respect of low-income countries, which are the principal aid recipients and the economies for which the issue of the impact of aid on growth is most important, it is government that is most important. This
MacGillivray, Mark, Morrissey, Oliver
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It is clear from the implications of growth theory that the impact of aid depends on how it affects savings, investment and government behaviour. In respect of low-income countries, which are the principal aid recipients and the economies for which the issue of the impact of aid on growth is most important, it is government that is most important. This
MacGillivray, Mark, Morrissey, Oliver
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Fiscal policy with direct effects
Economics Letters, 1980Abstract This paper analyses the effects of fiscal policy in a model where government expenditure and tax changes affect household behaviour directly. This is shown to have implications for both the macroeconomic and welfare effects of changes in government spending.
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The Effects of Fiscal Redistribution
2016Every discussion on income distribution and inequality distinguishes between market income, namely income before tax and without transfers, and disposable, or net income, which is after tax and including transfers. Hence, taxation and transfers create a redistribution of income.
Battisti M, ZEIRA, JOSEPH
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