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Hysteresis and fiscal stimulus in a recession [PDF]
Journal of International Money and Finance, 2022 The COVID-19 pandemic initiated a deep global recession, and with interest rates at very low levels, warrants consideration of the efficacy of different forms of fiscal stimulus in response. History reveals that deep recessions may cause output and total factor productivity (TFP) hysteresis, a permanent or highly persistent fall in the levels of output
Juha Tervala
exaly +6 more sources
Towards an effective fiscal stimulus: Evidence from Botswana
Cogent Economics & Finance, 2020 While there is a general agreement on the effectiveness of fiscal stimulus, there is no consensus on which stimulus is better. To address this concern, this paper uses a Dynamic Stochastic General Equilibrium (DSGE) model to propose a fiscal stimulus ...
Sayed O. M. Timuno, Joel Hinaunye Eita
doaj +2 more sources
Monetary-Fiscal Policy Interactions and Fiscal Stimulus [PDF]
SSRN Electronic Journal, 2009 Increases in government spending trigger substitution effects — both inter- and intra-temporal — and a wealth effect. The ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy typically find that government consumption crowds out private ...
Davig, Troy, Leeper, Eric M.
+8 more sources
Structural breaks and fiscal sustainability of the Indonesian government budget
Economic Journal of Emerging Markets, 2015 The purpose of this study is to identify government policy regimes or structural breaks as indicated by significant changes in debt to GDP ratio and to identify fiscal sustainability in Indonesia from 2000 to 2013.
Ivantia S. Mokoginta +1 more
doaj +13 more sources
Evaluation of economic recovery capability under the background of COVID-19: application of a big data information processing model [PDF]
MATEC Web of Conferences, 2022 In order to promote local economic recovery under the COVID-19 pandemic, this paper first constructs a big data information processing model, then measure the growth of GDP and fiscal revenue driven by consumption, investment and export in Guangdong ...
Shi Yufeng, Tang Jiaohui, Wan Dan
doaj +1 more source
Expectations and Fiscal Stimulus [PDF]
SSRN Electronic Journal, 2009 Increases in unproductive government spending trigger substitution effects—both inter- and intra-temporal—and a wealth effect. The ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy typically find that government consumption crowds out ...
Troy Davig, Eric M. Leeper
openaire +2 more sources
Fiscal Incentives for Economic Development in the World under the Condition of the COVID-19
Наукові записки НаУКМА: Економічні науки, 2021 The article describes the fiscal stimulus, which used in the world to overcome the negative effects of the recession in the context of the COVID-19 pandemic.
Svitlana Hlushchenko
doaj +1 more source
On the fiscal impulse of the stimulus package
Wirtschaftsdienst, 2020 Jens Boysen-Hogrefe
doaj +2 more sources
Fiscal Stimulus with Spending Reversals [PDF]
Review of Economics and Statistics, 2009 Abstract The short-run effects of fiscal policy depend not only on current tax and spending choices, but also on expectations about future policy adjustment. While general equilibrium models typically restrict medium-term adjustment to taxation, we highlight the importance of government spending dynamics.
Corsetti, Giancarlo +2 more
openaire +9 more sources
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
doaj +1 more source