Results 21 to 30 of about 3,214 (252)
The fiscal space and the fiscal stimulus during crisis in the Western Balkans [PDF]
Ekonomski AnaliThe fiscal space of the Western Balkan 6 (WB6) economies has been significantly tested by recent crises, including the COVID-19 pandemic and the Energy and Food Price Crisis. This paper investigates the role of pre-crisis fiscal space in shaping
Petreski Marjan
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Tax Policy for Economic Recovery and Sustainable Development After COVID-19
Problemy Ekorozwoju, 2022 The optimal taxation level and tax structure depend on numerous factors and enormously differ from country to country. However, the two mentioned tax policy instruments could ensure economic recovery and sustainable economic growth. This article aims to
Tetiana Kaneva +4 more
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Fiscal Stimulus and Distortionary Taxation [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 2011 We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary taxation.
Thorsten Drautzburg, Harald Uhlig
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Unsustainable public debt in a european fiscal union?
Revista Finanzas y Política Económica, 2017 Some EU members faced years of crisis in the first half of the 2010s with an excessive initial public debt, but several others had broad room for fiscal stimulus. However, the prolonged duration of the European economic depression expended public budgets,
Gábor Kutasi
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Buletin Ekonomi Moneter dan Perbankan, 2010 Global financial crisis started in mid 2008 has reduced global economic growth, and many countries even experienced economic contraction. To deal with economic contraction, various economic policies have been undertaken. Governments have increased fiscal
Iskandar Simorangkir, Justina Adamanti
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Liquidity and Firms’ Response to Fiscal Stimulus [PDF]
The Economic Journal, 2017 In concurrence with the recent credit crisis, the Italian government tried to stimulate R&D expenditures through tax credit. We rely on this policy to identify the firm response to an exogenous countercyclical fiscal shock. Large heterogeneity by the size of cash is observed for firms in traditional industries. The tax credit caused higher expenditures
Acconcia Antonio, claudia cantabene
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Buletin Ekonomi Moneter dan Perbankan, 2010 Global financial crisis started in mid 2008 has reduced global economic growth, and many countries even experienced economic contraction. To deal with economic contraction, various economic policies have been undertaken. Governments have increased fiscal
Iskandar Simorangkir, Justina Adamanti
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Eesti Majanduspoliitilised Väitlused, 2013 The purpose of the current paper is to investigate the possible relationship between fiscal discipline and social capital in EU member states during the last economic crisis and recovery, along with the assessment of the initial welfare effects of fiscal
Eve Parts
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Fiscal Stimulus and Fiscal Sustainability
, 2017 The Great Recession and the Global Financial Crisis have left many developed countries with low interest rates and high levels of public debt, thus limiting the ability of policymakers to fight the next recession. Whether new fiscal stimulus programs would be jeopardized by these already heavy public debt burdens is a central question.
Alan Auerbach, Yuriy Gorodnichenko
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Varieties of Capitalism and Fiscal Stimulus, 2008–2010
Baltic Journal of European studies, 2015 This paper tests the Varieties of Capitalism (VoC) framework to explain variation in fiscal stimulus measures across OECD countries in response to the 2008-2010 economic crisis. Following Soskice (2007), I argue that coordinated market economies are less
Toloudis Nicholas
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