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Regional effects of federal tax shocks
Hayo, Bernd; Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10010294366
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Regional Effects of Federal Tax Shocks
Hayo, Bernd; Uhl, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10010543457
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Regional Effects of Federal Tax Shocks
Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10013108133
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Regional effects of federal tax shocks
Hayo, Bernd; Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10009534065
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Housing market convergence: Evidence from Germany
Unal, Umut; Hayo, Bernd; Erol, Isil - 2022
This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for β-convergence and δ-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …
Persistent link: https://www.econbiz.de/10014322584
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Housing market convergence : evidence from Germany
Unal, Umut; Hayo, Bernd; Erol, Isil - 2022
This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for 𝛽-convergence and 𝜎-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …
Persistent link: https://www.econbiz.de/10013460037
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Challenges for monetary and fiscal policy interactions in the postpandemic era
Bonam, Dennis (contributor); Ciccarelli, Matteo (contributor) - 2024
In the low inflation and low interest rate environment that prevailed over the period 2013-2020, many argued that besides expansionary monetary policy, expansionary fiscal policy could also support central banks' efforts to bring inflation closer to target. During the pandemic, proper alignment...
Persistent link: https://www.econbiz.de/10014476187
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The relationship between inflation expectations and consumption in exceptional times: Evidence from Thailand and Vietnam during the Covid-19 Pandemic
Hayo, Bernd - 2024
Using representative household surveys conducted during the COVID-19 pandemic in two emerging economies, Thailand and Vietnam, we examine the relationship between inflation expectations and consumption. In both countries, our results show an insignificant relationship between expected inflation...
Persistent link: https://www.econbiz.de/10014540077
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Regime-based debt sustainability analysis: Evidence from euro area economies
Bökemeier, Bettina; Owusu, Benjamin; Greiner, Alfred - 2022
This paper empirically studies non-linearities in debt sustainability analysis by resorting to the modern estimation technique of panel smooth transition regression (PSTR). We assess euro area debt sustainability by analysing the reaction of the primary balance to changes in public debt,...
Persistent link: https://www.econbiz.de/10014565838
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Heterogeneity in the fiscal reaction function: An empirical analysis for EU member states
Bökemeier, Bettina; Stoian, Andreea; Dumitrescu, Bogdan; … - 2020
This paper studies heterogeneity in the fiscal reaction function for European Union members by resorting to the unconditional quantile regression estimation. Based on annual observations spanning from 2005 to 2018, the results point to significant asymmetries concerning the fiscal response...
Persistent link: https://www.econbiz.de/10014565866