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Fiscal Decentralization and Fiscal Multiplier in China
The B.E. Journal of Macroeconomics, 2021Abstract A fundamental aspect of China’s transition to a market economy is the change in fiscal decentralization marked by the tax reform in 1993. This paper examines the effect of revenue and expenditure decentralization and their divergences on fiscal spending multipliers in China using nationally aggregate and provincial-level data ...
Fei Guo +3 more
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Imperfect Competition and the Fiscal Multiplier
The Scandinavian Journal of Economics, 1996Summary: The impact of fiscal policy in an economy with a monopolistic output market but perfectly competitive labour market is examined both in the short run (with a fixed number of firms), and in the long run with free entry. The main innovation of the paper is the generality of the assumptions about preferences and technology, which enable us to ...
Dixon, Huw, Lawler, Phillip
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Economic Openness and Fiscal Multipliers [PDF]
, 2014 This essay examines the implications of openness to trade, capital mobility, and exchange rate exibility for the fiscal multiplier. It presents a New Open Economy Macroeconomics model which is extended with the formation of 'deep habits' by individual households.
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2016
One of the central questions that this section of the book tries to answer is whether the decision by many of the world’s finance ministries to embrace austerity in the aftermath of the financial crash was wise or not. In order to answer that question we need to think about the likely impact of fiscal consolidation on aggregate demand and employment ...
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One of the central questions that this section of the book tries to answer is whether the decision by many of the world’s finance ministries to embrace austerity in the aftermath of the financial crash was wise or not. In order to answer that question we need to think about the likely impact of fiscal consolidation on aggregate demand and employment ...
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State-level Fiscal Multipliers in India: Local Fiscal Multiplier Approach
Journal of Quantitative EconomicsSomnath Sharma +2 more
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Fiscal Multipliers and Political Fragmentation
Dieses Papier liefert neue empirische Evidenz darüber, wie politische Fragmentierung den Wirkungsmechanismus der Fiskalpolitik beeinflusst. Anhand von Daten aus 16 OECD-Ländern (1978-2019) und narrativen Quellen zur Identifikation exogener fiskalischer Interventionen zeigen wir, dass der fiskalische BIP-Multiplikator bei hoher Fragmentierung ...Duque Gabriel, Ricardo +2 more
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Fiscal Decentralization and Fiscal Multiplier in China
B E Journal of Macroeconomics, 2022Fei Guo +2 more
exaly