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Fiscal responsibility legislation and fiscal adjustment : the case of Brazilian local governments
Mello, Luiz de - 2006
"This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal...
Persistent link: https://www.econbiz.de/10010522248
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Estimating the Net Fiscal Cost of a Child Tax Credit Expansion
Goldin, Jacob; Maag, Elaine; Michelmore, Katherine - National Bureau of Economic Research - 2021
Recent proposals to expand the Child Tax Credit (CTC) are at the center of current policy discussions in the United States. We study the fiscal cost of three such proposals that would expand refundability of the credit to low-income children, increase the maximum credit amount, and/or eliminate...
Persistent link: https://www.econbiz.de/10012660020
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Partisanship and Fiscal Policy in Economic Unions : Evidence from U.S. States
Carlino, Gerald A.; Drautzburg, Thorsten; Inman, Robert P. - National Bureau of Economic Research - 2021
gubernatorial elections, we find partisan differences in the marginal propensity to spend federal transfers since the early 1980's …
Persistent link: https://www.econbiz.de/10012482641
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On the ease of overstating the fiscal stimulus in the US, 2008-9
Aizenman, Joshua - 2010
This note shows that the aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net decline in aggregate fiscal expenditure, it did not...
Persistent link: https://www.econbiz.de/10012462868
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Dynamics of Fiscal Financing in the United States
Leeper, Eric M. - 2009
Dynamic stochastic general equilibrium models that include policy rules for government spending, lump-sum transfers … debt. Third, based on estimated policy rules, transfers, capital tax rates, and government spending have historically … condition linking debt to expected discounted surpluses---transfers, spending, tax revenues, and discount factors …
Persistent link: https://www.econbiz.de/10012463489
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Fiscal Stimulus in a Monetary Union : Evidence from U.S. Regions
Nakamura, Emi - 2011
We use rich historical data on military procurement spending across U.S. regions to estimate the effects of government spending in a monetary union. Aggregate military build-ups and draw- downs have differential effects across regions. We use this variation to estimate an "open economy relative...
Persistent link: https://www.econbiz.de/10012461267
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Do Government Spending Multipliers Depend on the Sign of the Shock?
Ben Zeev, Nadav; Ramey, Valerie A.; Zubairy, Sarah - National Bureau of Economic Research - 2023
We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeev's (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then...
Persistent link: https://www.econbiz.de/10014247936
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Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments
Clemens, Jeffrey; Hoxie, Philip G.; Veuger, Stan - National Bureau of Economic Research - 2022
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387
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The defining moment : the Great Depression and the American economy in the twentieth century
Bordo, Michael D. (ed.); Goldin, Claudia (ed.);  … - 1998
Persistent link: https://www.econbiz.de/10013480824
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Macroeconomic Frameworks
Auerbach, Alan J. - 2019
We link detailed data on defense spending, wages, hours, employment, establishments, and GDP across U.S. cities to study the effects of fiscal stimulus. Our small-open-economy empirical setting permits us to estimate key macroeconomic outcomes and elasticities, including the responses of the...
Persistent link: https://www.econbiz.de/10012480310