Narrow search
Showing 1 - 10 of 4,048
Cover Image
The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy …
Persistent link: https://www.econbiz.de/10008587587
Cover Image
Non-linear budgetary policies: Evidence from 150 years of Italian public finance
Piergallini, Alessandro; Postigliola, Michele - In: Economics Letters 121 (2013) 3, pp. 495-498
surpluses in response to the accumulation of debt. The empirical results show the occurrence of a significantly positive … reaction of primary surpluses to debt when the debt–GDP ratio exceeded the trigger value of 110 percent. The after …
Persistent link: https://www.econbiz.de/10010729457
Cover Image
Fiscal sustainability in Japan
Sakuragawa, Masaya; Hosono, Kaoru - In: Journal of the Japanese and International Economies 25 (2011) 4, pp. 434-446
data. We evaluate fiscal sustainability by investigating whether the expected path of the debt-to-GDP ratio stabilizes or … increases without bound. The debt-to-GDP ratio depends crucially on the projected growth rate and the fiscal policy rule. If the … government does not react to the current fiscal crisis, the debt-to-GDP ratio will increase without bound, and then the fiscal …
Persistent link: https://www.econbiz.de/10010869519
Cover Image
Wage leadership models: A country-by-country analysis of the EMU
Camarero, Mariam; D'Adamo, Gaetano; Tamarit, Cecilio - In: Economic Modelling 44 (2014) S1, pp. 2-2
According to the theory of wage leadership, if there is free inter-sectoral labor mobility, changes in the level of the wage in the leading sector cause changes in the same direction in other sectors' wage. Moreover, since the traded sector (i.e. Industry) is affected by international...
Persistent link: https://www.econbiz.de/10011077131
Cover Image
What are the Effects of Fiscal Policy Shocks?
Mountford, Andrew; Uhlig, Harald - C.E.P.R. Discussion Papers - 2002
We investigate the effects of fiscal policy surprises for US data, using vector autoregressions. We overcome the difficulties that changes in fiscal policy may manifest themselves in variables other than fiscal variables first and that fiscal variables may respond ‘automatically’ to business...
Persistent link: https://www.econbiz.de/10005124017
Cover Image
What are the Effects of Fiscal Policy Shocks?
Mountford, Andrew; Uhlig, Harald - National Bureau of Economic Research (NBER) - 2008
We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Specifically, we use sign restrictions to identify a government revenue shock as well as a government spending shock, while controlling for a generic business cycle shock and a monetary...
Persistent link: https://www.econbiz.de/10005580053
Cover Image
Fiscal policy and external adjustment: New evidence
Bouakez, Hafedh; Chihi, Foued; Normandin, Michel - In: Journal of International Money and Finance 40 (2014) C, pp. 1-20
Relatively little empirical evidence exists about countries' external adjustment to changes in fiscal policy and, in particular, to changes in taxes. This paper addresses this question by measuring the effects of tax and government spending shocks on the current account and the real exchange...
Persistent link: https://www.econbiz.de/10010719325
Cover Image
Macroeconomic effects of fiscal policy changes: A case of South Africa
Akanbi, Olusegun Ayodele - In: Economic Modelling 35 (2013) C, pp. 771-785
This study develops comprehensive full-sector macro-econometric models for the South African economy with the aim of explaining and providing the macroeconomic effects of fiscal policy changes in the country. The models are applied to test the effectiveness of fiscal policy actions in an...
Persistent link: https://www.econbiz.de/10010719385
Cover Image
Asymmetries in the revenue–expenditure nexus: A tale of three countries
Paleologou, Suzanna-Maria - In: Economic Modelling 30 (2013) C, pp. 52-60
The objective of this paper is to examine the government revenue and expenditure relationship in the context of what is known as the soft and hard budget constraint strategy. We adopt a nonlinear framework with structural breaks and focus our empirical analysis in three countries. Two of them...
Persistent link: https://www.econbiz.de/10011048849
Cover Image
Measuring the effects of fiscal policy
Bouakez, Hafedh; Chihi, Foued; Normandin, Michel - In: Journal of Economic Dynamics and Control 47 (2014) C, pp. 123-151
Measuring the effects of discretionary fiscal policy is both difficult and controversial, as some explicit or implicit identifying assumptions need to be made to isolate exogenous and unanticipated changes in taxes and government spending. Studies based on structural vector autoregressions...
Persistent link: https://www.econbiz.de/10011051893