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The household effects of government spending

Giavazzi, Francesco; McMahon, Michael - 2012

Persistent link: https://www.econbiz.de/10009561230

The Households Effects of Government Consumption

Giavazzi, Francesco - 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/10012460821

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

Giavazzi, Francesco - 2000

Several recent studies suggest that the response of national saving to fiscal policy may be non-linear. In this paper we use two data sets to search for the circumstances in which such non-linear responses may arise: a sample of OECD countries used in previous studies, and sample of developing...

Persistent link: https://www.econbiz.de/10012471316

Debt and the Effects of Fiscal Policy

Favero, Carlo - 2007

A shift in taxes or in government spending (a "fiscal shock") at some point in time puts a constraint on the path of taxes and spending in the future, since the government intertemporal budget constraint will eventually have to be met. This simple fact is surprisingly overlooked in analyses of...

Persistent link: https://www.econbiz.de/10012465835

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

Giavazzi, Francesco - 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/10012467084

Managing the Public Debt in Fiscal Stabilizations : The Evidence

Missale, Alessandro - 1997

This paper provides evidence on the behavior of public debt managers during fiscal" stabilizations in OECD countries over the last two decades. We find that debt maturity tends to" lengthen the more credible the program, the lower the long-term interest rate and the higher the" volatility of...

Persistent link: https://www.econbiz.de/10012472502

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

Giavazzi, Francesco - 1995

consumption confirms that fiscal policy changes - both contractions and expansions - can have non-Keynesian effects if they are … sufficiently large and persistent, and suggests that these effects can result not only from changes in public consumption but to … decrease in net taxes (with almost no change in public consumption) was associated with a dramatic fall in private domestic …

Persistent link: https://www.econbiz.de/10012473537

Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries

Giavazzi, Francesco - 1990

, households will revise upwards their estimate of their permanent income, and will raise current and planned consumption. Only the …

Persistent link: https://www.econbiz.de/10012475661

What do we know about the effects of Austerity?

Alesina, Alberto F. - 2018

This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On...

Persistent link: https://www.econbiz.de/10012453468

Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy

Favero, Carlo - 2011

This paper shows how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of our empirical analysis is that the question "what is the fiscal policy...

Persistent link: https://www.econbiz.de/10012461385