Similar Search Results

Fiscal Rules, Fiscal Space and Procyclical Fiscal Policy

Nerlich, Carolin - 2019

In this paper we analyse the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this...

Persistent link: https://www.econbiz.de/10012867815

Fiscal policy in real time

Cimadomo, Jacopo - 2008

This paper argues that any assessment on the intentional stance of fiscal policy should be based upon all the information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal policy "instrument", the structural primary balance,...

Persistent link: https://www.econbiz.de/10011604965

The confidence effects of fiscal consolidations

Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - 2015

We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...

Persistent link: https://www.econbiz.de/10011605815

Fiscal adjustment and the costs of public debt service: Evidence from OECD countries

Schaltegger, Christoph A.; Weder, Martin - 2010

We use a panel of 21 OECD countries from 1970 to 2009 to investigate the effects of different fiscal adjustment strategies on long-term interest rates - a key fiscal indicator reflecting the costs of government debt service. A government confronted with high deficits and rising debt will sooner...

Persistent link: https://www.econbiz.de/10010274800

Using real-time data to test for political budget cycles

Jong-A-Pin, Richard; Sturm, Jan-Egbert; de Haan, Jakob - 2012

We use real-time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...

Persistent link: https://www.econbiz.de/10010288232

Trade Flows, Private Credit and the COVID-19-Pandemic : Panel Evidence from 35 OECD Countries

Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021

This paper analyses the impact of the Covid-19 pandemic on exports and imports in the case of 35 OECD countries during the 2019Q1-2021Q2 period using a dynamic panel approach, specifically the system Generalized Method of Moments (GMM). In contrast to earlier studies, the empirical specification...

Persistent link: https://www.econbiz.de/10013314689

Quality of public finances and growth

Afonso, António; Ebert, Werner; Schuknecht, Ludger; … - 2005

public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through … which public finances affect growth and its underlying determinants (institutional framework, employment, savings and … surveys the empirical findings on the impact of fiscal variables on sustained economic growth. …

Persistent link: https://www.econbiz.de/10011604484

Fiscal policy and growth: do financial crises make a difference?

Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010

In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...

Persistent link: https://www.econbiz.de/10011605263

Finance and diversification

Manganelli, Simone; Popov, Alexander - 2010

-term growth. We find that financial markets increase substantially the speed with which the observed sectoral allocation of output … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …

Persistent link: https://www.econbiz.de/10011605305

Federalism, fertility and growth

Borck, Rainald - 2007

This paper analyses the effect of federalism on fertility and growth. In a model with human capital accumulation and … find that local education finance yields higher growth at the price of increased inequality. Aggregate fertility may be …

Persistent link: https://www.econbiz.de/10010264266