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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 and 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 ...
Joel Hinaunye Eita, Lanouar Charfeddine
exaly +2 more sources
Post-2008 Fiscal Stimulus Packages and the Driving Forces for China’s Urbanization
Land, 2022 A growing body of research has sought to determine how different factors have affected urbanization in developed countries over the past decades. Yet, few studies have systematically examined urbanization’s driving forces, particularly in emerging ...
Harry F Lee, Zhao Sx, Wong Wai Ho David
exaly +3 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
Demystifying China's Fiscal Stimulus [PDF]
Policy Research Working Papers, 2012 Justin Yifu Lin, Xubei Luo
exaly +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