Similar Search Results

Post-Thatcher fiscal strategies in the UK : an interpretation

Hughes Hallett, Andrew (contributor) - 2004

Fiscal policy in Britain has changed radically since the Keynesianism of the 1960s and 1970s. After a passive period under monetarism of the 1980s, fiscal policy is said to have adopted a leadership role with long term objectives (low debt, the provision of public services/ investment, and...

Persistent link: https://www.econbiz.de/10002524201

Debt, deficits, and the accession of the new member States to the Euro

Hughes Hallett, Andrew; Lewis, John - In: European journal of political economy 23 (2007) 2, pp. 316-337

Persistent link: https://www.econbiz.de/10003485366

To react or not? : fiscal policy, volatility and welfare in the EU-3

Malley, James R. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003495749

Tax smoothing in a business cycle model with capital-skill complementarity

Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - 2014

public consumption as well as total factor and capital equipment productivity. Our main finding is that an empirically …

Persistent link: https://www.econbiz.de/10010340166

Electoral uncertainty, fiscal policies & growth : theory and evidence from Germany, the UK and the US

Oikonomidēs, Geōrgios; Malley, James R.; … - 2003

between public consumption and production services. The main theoretical prediction is that forward-looking incumbents, with … productivity of public production services, the weight which households place on public consumption services relative to private … consumption and the time discount rate. Moreover, we find that changes in electoral uncertainty produce the longest lasting …

Persistent link: https://www.econbiz.de/10011511068

Fiscal multipliers in a two-sector search and matching model

Angelopulos, Kōnstantinos; Jiang, Wei; Malley, James R. - 2015

This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...

Persistent link: https://www.econbiz.de/10010477900

Partial fiscal decentralization and sub-national government fiscal discipline : empirical evidence from OECD countries

Asatryan, Zareh; Feld, Lars P.; Geys, Benny - 2015

Recent theoretical research suggests that financing sub-national governments’ expenditure out of own revenue sources is linked to more responsible budgeting, because the financial implications of spending decisions then are internalized within a jurisdiction. We test this proposition...

Persistent link: https://www.econbiz.de/10010498622

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellón, César; Stratmann, Thomas - 2016

This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that the introduction of a constitutional-BBR reduces...

Persistent link: https://www.econbiz.de/10011474674

Electoral uncertainty, fiscal policy and macroeconomic fluctuations

Malley, James R. (contributor); … - 2005

In this paper we study the link between elections, fiscal policy and aggregate fluctuations. The set-up is a stylized dynamic stochastic general equilibrium model incorporating both technology and political re-election shocks. The later are incorporated via a two-party model with elections. The...

Persistent link: https://www.econbiz.de/10003203561

An independent central bank faced with elected governments

Demertzis, Maria; Hughes Hallett, Andrew; Viegi, Nicola - In: European journal of political economy 20 (2004) 4, pp. 907-922

Persistent link: https://www.econbiz.de/10002372018