Similar Search Results

Essays on empirical macroeconomics

Mehrotra, Aaron N. - 2006

Persistent link: https://www.econbiz.de/10003367200

Essays on macroeconomic effects of fiscal policy rules

Railavo, Jukka - 2006

Persistent link: https://www.econbiz.de/10003367202

Monetary consequences of alternative fiscal policy rules

Railavo, Jukka - Suomen Pankki - 2004

In this paper we analyse the monetary impact of alternative fiscal policy rules using the debt and deficit, both mentioned as measures of fiscal policy performance in the Stability and Growth Pact (SGP). We use a New Keynesian model, with endogenous labour supply, distortionary taxation and no...

Persistent link: https://www.econbiz.de/10005207156

Real time analysis of euro area fiscal policies: adjustment to the crisis

Paloviita, Maritta; Kinnunen, Helvi - Suomen Pankki - 2011

Using real time data from the OECD and fiscal policy reaction functions, this study explores euro area fiscal policies since the late 1990s. Both discretionary plans for the budget year and policy changes during budget implementation stages are investigated. The main focus is on the fiscal...

Persistent link: https://www.econbiz.de/10009358950

Real time uncertainty in fiscal planning and debt accumulation in the euro area

Paloviita, Maritta - Suomen Pankki - 2012

This study explores real time uncertainty in euro area fiscal policies since the late 1990s. Using real time data from the OECD Economic Outlook publications we investigate the impact of real time uncertainty on fiscal planning and debt accumulation separately for two country groups in the euro...

Persistent link: https://www.econbiz.de/10010611667

Fiscal policy in the 1920s and 1930s How much different it is from the post war period's policies?

Virén, Matti - Suomen Pankki - 2005

This paper deals with the fiscal behaviour of governments in the 1920s and 1930s. The intention is to see whether there were the same features in government behaviour as in the post-World War II era. In par-ticular, attention is paid to asymmetric fiscal policies, ie the question of whether...

Persistent link: https://www.econbiz.de/10005771134

Fiscal Policy and Private Consumption-Saving Decisions: Evidence from Nine EU Countries

Brunila, Anne - Suomen Pankki - 1997

This paper considers the effects of fiscal policy on private consumption in a framework that encompasses both the conventional (Keynesian) view of fiscal policy and the Ricardian debt neutrality hypothesis. The model is built on Blanchard's stochastic model of intertemporal optimization with...

Persistent link: https://www.econbiz.de/10005771139

Expectations, deflation traps and macroeconomic policy

Evans, George W; Honkapohja, Seppo - Suomen Pankki - 2009

We examine global economic dynamics under infinite-horizon learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. As in Evans, Guse and Honkapohja, European Economic Review (2008), we find that under normal monetary and fiscal policy the intended...

Persistent link: https://www.econbiz.de/10008496440

The effects of aging population on the sustainability of fiscal policy

Puhakka, Mikko - Suomen Pankki - 2005

We study the effects of aging population on the sustainability of fiscal policy in overlapping generations models with … government debt and a pay-as-you-go pension system. The smaller the population growth rate, the lower the maximum sustainable … prevailing during the working period. The ratio of the deficits in two economies with different population growth rates is …

Persistent link: https://www.econbiz.de/10005190757

Government size and output volatility: is there a relationship?

Virén, Matti - Suomen Pankki - 2005

This paper provides some further tests for the proposition that a larger public sector leads to smaller out-put volatility. Both Gali and Fatas & Mihov have provided some evidence which appears to support this proposition. Their evidence is, however, based on a relatively small sample of...

Persistent link: https://www.econbiz.de/10005423693