Results 21 to 30 of about 3,208 (254)
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
openaire +10 more sources
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
doaj +3 more sources
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
doaj +1 more source
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
openaire +3 more sources
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
doaj +1 more source
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
doaj +1 more source
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
openaire +3 more sources
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
doaj +1 more source
Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity? [PDF]
Journal of Economic Dynamics and Control, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jess Benhabib +2 more
openaire +6 more sources
Did Fiscal Stimulus Lift Developing Asia Out of the Global Crisis? An Empirical Investigation
East Asian Economic Review, 2018 The substantial slowdown of economic growth since the global financial crisis of 2008-2009 is rekindling debate on whether developing Asia should use fiscal expansion to boost aggregate demand.
Seok-Kyun Hur, Donghyun Park
doaj +1 more source