Results 21 to 30 of about 33,297 (305)
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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Fiscal Rules and Fiscal Performance in the EU and Japan [PDF]
, 2006 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 ...
von Hagen, Jürgen, Hagen, Jürgen von
core +1 more source
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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Fiscal Reforms and the Fiscal Effects of Aid in Uganda [PDF]
The Journal of Development Studies, 2017 A dynamic relationship between foreign aid and domestic fiscal variables in Uganda is analysed using a Cointegrated Vector Autoregressive model over the period 1972-2008. Results show that aid is a significant element of long-run fiscal equilibrium, is associated with increased tax effort and public spending, and reduced domestic borrowing.
Lloyd, Tim, Morrissey, O., Bwire, T.
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The Effects of Fiscal Policy at the Effective Lower Bound [PDF]
SSRN Electronic Journal, 2017 We estimate the effects of government spending shocks during prolonged episodes of low interest rates, which we consider as proxy for the effective lower bound (ELB). Using a panel VAR model for 17 advanced countries, we find that both the government consumption and investment multipliers are significantly higher, and exceed unity, when interest rates ...
Bonam, D. +2 more
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On the (In)effectiveness of Fiscal Devaluations in a Monetary Union [PDF]
Finance and Economics Discussion Series, 2012 This paper explores the fiscal devaluation hypothesis in a model of a monetary union characterised by national fiscal policies and supranational monetary policy. We show that a unilateral tax shift towards indirect taxes in one of the countries produces small but non-negligible long run effects on output and consumption within and between the two ...
Anna Lipinska, Leopold von Thadden
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On the Effectiveness of Monetary Policy and of Fiscal Policy [PDF]
Review of Social Economy, 2003 There has been a major shift within macroeconomic policy over the past two decades or so in terms of the relative importancegiven in both policy and theoretical terms to monetary policy and to fiscal policy with the former gaining considerably inimportance, and the latter being rarely mentioned.
Philip Arestis, Malcolm Sawyer
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The role of automatic stabilizers in business cycle: the case of indonesia
European Journal of Government and Economics, 2021 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
doaj +1 more source
State-dependent effects of fiscal policy [PDF]
Studies in Nonlinear Dynamics & Econometrics, 2012 Abstract We investigate the effects of government spending on US output with a threshold structural vector autoregressive model. We consider Bayesian model comparison and generalized impulse response analysis to test for nonlinearities in the responses of output to government spending.
Fazzari, SM, Morley, J, Panovska, I
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Journal of Economic Structures, 2023 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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