Results 11 to 20 of about 72,575 (46)
Learning by Necessity: Government Demand, Capacity Constraints, and Productivity Growth
The American Economic ReviewThis paper studies how firms adapt to demand shocks when facing capacity constraints. I show that increases in government purchases raise total factor productivity in quantity units at the production line level.
Ethan Ilzetzki
semanticscholar +1 more source
Fiscal Policy and the Government Balance Sheet in China
IMF Working Papers, 2023 In this paper, we present the most comprehensive estimates of China’s government balance sheet to date. Based on these estimates, we show how major shifts in fiscal policy over the last two decades have shaped the health of the public sector prior to the
Waikei Lam
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The Dynamic Response of Municipal Budgets to Revenue Shocks
Social Science Research NetworkWe study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by census revisions of population counts. Municipal budgets do not adjust instantly.
I. Helm, Jan Stuhler
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Social Science Research NetworkThis paper proposes a central fiscal capacity for the euro area that generates transfers in response to euro area, country, and region-specific shocks.
R. Beetsma +2 more
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A Fed for Our Times: A Review Essay on 21st Century Monetary Policy by Ben Bernanke
Journal of Economic Literature, 2023 This essay reviews 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 by Ben Bernanke, a fascinating account of the evolution of the Fed since the 1950s, and a stalwart defense of the status quo: of the Fed’s remit ...
L. Reichlin
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Controlling GDP and Debt with a Post-Keynesian model
International Conference on Business and Economics - Hellenic Open University, 2023 Our aim in this paper is to design a set of fiscal policy rules using a linear, discrete macroeconomic Post-Keynesian model with delays. We develop algebraic methods with appropriate symbolic algorithms that produce a solution, which allows us to find a ...
Charalampos-Anastasios Domenicos +1 more
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International Conference on Business and Economics - Hellenic Open University, 2023 This paper attempts to shed light on the economic and social effects of the economic crisis among Member States of the Eurozone in the period 2008-2014 emphasizing the imperative revision of the framework of the Stability and Growth Pact.
Asimakis Tamourantzis
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Nigeria’s Tax Revenue Mobilization: Lessons from Successful Revenue Reform Episodes
Selected Issues Papers, 2023 This paper has identified four episodes of large and sustained revenue mobilizations in SubSaharan Africa (SSA) and found common lessons from the episodes. Although there is no one-size-fits-all strategy, we can find a tax reform path suitable to Nigeria’
I. Jung
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CESifo Economic StudiesThe growing emphasis on nation-states and their pivotal role in economic development has emerged as a central theme in contemporary economic discourse. This review examines the concept of state capacity as discussed in the economic literature, focusing
Federica Braccioli +3 more
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The Invisible Hand of the Government: 'Moral Suasion' During the European Sovereign Debt Crisis
American Economic Journal: Macroeconomics, 2016 Using proprietary data on banks’ monthly securities holdings, we show that during the European sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks to increase their holdings of domestic ...
S. Ongena, A. Popov, Neeltje van Horen
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