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The role of automatic stabilizers in business cycle: the case of indonesia
TThe use of large fiscal stimulus packages to dampen the impact of Covid-19 recently has raised concerns about the effectiveness of the discretionary fiscal policy.
Haryo Kuncoro
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The macroeconomic effects of fiscal policy [PDF]
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 relative effectiveness of fiscal and monetary policies in promoting economic growth is not sufficiently examined at the empirical level for developing countries, including Egypt in particular.
Israa A. El Husseiny
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Measuring the effects of fiscal policy [PDF]
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 Role of Regional Fiscal Autonomy in Supporting Environmentally Sustainable Regional Autonomy: A Case Study of West Nusa Tenggara Province [PDF]
This study aims to analyze the role of regional fiscal autonomy in supporting the implementation of environmentally sustainable regional autonomy in West Nusa Tenggara Province.
Sahrudin, Subiyantoro Heru, Yolanda
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The Output Effect of Fiscal Consolidations [PDF]
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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Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019
This paper examines the factors that influence the effectiveness of fiscal governance in the EU through a panel of 19 Eurozone countries for the period 1999–2019 using an OLS method. The results show the positive effects of economic growth, inflation and
Panagiotis Liargovas, Vasilis Pilichos
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Fiscal Rules and Fiscal Performance in the EU and Japan [PDF]
Fiscal rules specify quantitative targets for key budgetary aggregates. In this paper, we review the experience with such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find that the fiscal ...
Hagen, Jürgen von
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Measuring Distributional Effects of Fiscal Reforms [PDF]
The purpose of this paper is to provide an overview of how to analyse the distributional effects of fiscal reforms. Thereby, distributional e¤ects shall be differentiated by four subconcepts, i.e. 1.) the traditional concept of inequality, 2.) the rather novel concept of polarisation, 3.) the concept of progression in taxation, and 4.) the concepts of ...
Peichl, Andreas, Ochmann, Richard
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The aim of this article is to evaluate the effectiveness and efficiency of (internal) administrative appeal in tax or fiscal matters in Romania, in comparison to the more time and resource consuming court action against an administrative decision ...
Octavian Moldovan, Gabriela Bucătariu
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