Results 11 to 20 of about 3,214 (252)
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
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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 STIMULUS WITH LEARNING‐BY‐DOING [PDF]
International Economic Review, 2018 AbstractUsing a Bayesian structural vector autoregression analysis, we document that an increase in government purchases raises private consumption, the real wage, and total factor productivity (TFP) while reducing inflation. These three facts are hard to reconcile with both neoclassical and New Keynesian models.
d’Alessandro A, Fella G, Melosi L
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iScience, 2022 Summary: This paper develops a multi-sector and multi-factor structural gravity model that allows an analytical and quantitative decomposition of the emission and output changes into composition and technique effects. We find that the negative production
Shuai Shao +7 more
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FISCAL STIMULATION OF SPATIAL DEVELOPMENT: THE EU COUNTRIES’ CASES
Фінансово-кредитна діяльність: проблеми теорії та практики, 2021 The objective of this article is to form the basis for strengthening the fiscal stimulus spatial development of regional economic systems in the context of decentralization.
V. Khudolei +4 more
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A Fiscal Stimulus and Jobless Recovery [PDF]
IMF Working Papers, 2013 AbstractWe analyze the effects of a government‐spending expansion in a dynamic stochastic general equilibrium model with Mortensen–Pissarides labor‐market frictions, deep habits in private and public consumption, investment adjustment costs, a constant elasticity of substitution (CES) production function, and adjustments in employment at both intensive
Cantore C., Levine P., Melina G.
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MethodsX, 2021 In this paper, we apply the method of computable general equilibrium (CGE) modeling in economics to ascertain how fiscal support measures such as wage subsidies, small business loans, and finance guarantee schemes have impacted at an economy-wide and ...
Badri G. Narayanan +3 more
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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
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Fiscal stimulus and unemployment dynamics [PDF]
The B.E. Journal of Macroeconomics, 2019 Abstract Focusing on both hiring and firing margins, this paper revisits effects of fiscal stimulus on unemployment. We develop a DSGE model with search frictions where job separation is endogenously determined. The predictions of the model are in contrast with earlier studies that assume exogenous separation.
Chun-Hung Kuo, Hiroaki Miyamoto
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The Dark Side of Fiscal Stimulus [PDF]
SSRN Electronic Journal, 2011 Most of the discussion about fiscal stimulus focuses on the multiplier of gov- ernment spending on impact. In this paper we shift the focus to the multiplier at the end, i.e. to the period in which a deficit spending program terminates. We show that recent time series analyses as well as economic models of different schools of thought predict that the ...
Trimborn, Timo, Strulik, Holger
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