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Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience

Giavazzi, Francesco; Pagano, Marco - C.E.P.R. Discussion Papers - 1995

private consumption confirms that fiscal policy changes - both contractions and expansions - can have non-Keynesian effects if … consumption, but to some extent also from changes in taxes and transfers. The latter result is also consistent with the Swedish … experience, where a decrease in net taxes (with almost no change in public consumption) was associated with a dramatic fall in …

Persistent link: https://www.econbiz.de/10005136472

Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence

Benedetti, Marina; Giavazzi, Francesco; Jappelli, Tullio; … - C.E.P.R. Discussion Papers - 2005

in net taxes has no effect on national saving during large fiscal contractions or expansions. For government consumption …

Persistent link: https://www.econbiz.de/10005136574

Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries

Giavazzi, Francesco; Jappelli, Tullio; Pagano, Marco - C.E.P.R. Discussion Papers - 2000

Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...

Persistent link: https://www.econbiz.de/10005136757

The Household Effects of Government Spending

Giavazzi, Francesco; McMahon, Michael - C.E.P.R. Discussion Papers - 2012

working relatively few (weekly) hours, for instance, suffer from a spending shock of the type we analyzed: their consumption …

Persistent link: https://www.econbiz.de/10011083759

The households effects of government consumption

Giavazzi, Francesco; McMahon, Michael - 2012

Persistent link: https://www.econbiz.de/10009506563

The household effects of government spending

Giavazzi, Francesco; McMahon, Michael - 2012

Persistent link: https://www.econbiz.de/10009512870

Inflation targeting and debt : Lessons from Brazil

Favero, Carlo A.; Giavazzi, Francesco - 2004

"Studying the recent experience of Brazil the paper explains how default risk is at the centre of the mechanism through which an emerging market central bank that targets inflation might lose control of inflation--in other words of the mechanism through which the economy might move from a regime...

Persistent link: https://www.econbiz.de/10013424412

The U.S. Current Account and the Dollar

Blanchard, Olivier; Giavazzi, Francesco; Sa, Filipa - National Bureau of Economic Research (NBER) - 2005

There are two main forces behind the large U.S. current account deficits. First, an increase in the U.S. demand for foreign goods. Second, an increase in the foreign demand for U.S. assets. Both forces have contributed to steadily increasing current account deficits since the mid--1990s. This...

Persistent link: https://www.econbiz.de/10005078616

International Investors, the U.S. Current Account, and the Dollar

Blanchard, Olivier; Giavazzi, Francesco; Sa, Filipa - In: Brookings Papers on Economic Activity 36 (2005) 1, pp. 1-66

Two main forces lie behind the large U.S. current account deficits: an increase in U.S. demand for foreign goods and an increase in foreign demand for U.S. assets. Both have contributed to steadily increasing current account deficits since the mid-1990s, accompanied by a real dollar appreciation...

Persistent link: https://www.econbiz.de/10005061878

The US Current Account and the Dollar

Blanchard, Olivier; Giavazzi, Francesco; Sá, Filipa - C.E.P.R. Discussion Papers - 2005

There are two main forces behind the large US current account deficits. First, an increase in the US demand for foreign goods. Second, an increase in the foreign demand for US assets. Both forces have contributed to steadily increasing current account deficits since the mid-1990s. This increase...

Persistent link: https://www.econbiz.de/10005788973