Showing 1 - 10 of 561
additional pandemic fiscal expenditure. …
Persistent link: https://www.econbiz.de/10013273943
who bears the burden of taxation and benefits from transfers and of how Grenada's fiscal system can improve its …
Persistent link: https://www.econbiz.de/10014486374
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012705410
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10012518088
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
result in a significant fiscal burden, due to increased expenditures for unemployment benefits and decreased revenues from …
Persistent link: https://www.econbiz.de/10003782599
This paper explores the long run relationship between public and private investment in the euro area in terms of capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While private and public capital stocks are cointegrated, the...
Persistent link: https://www.econbiz.de/10010252646
endogenous growth model applied to the Indian macroeconomic data, as to whether public expenditures in education, health and …. We deploy a Structural Vector Autoregressive Model on data for shares of public expenditure on education and health as …, etc. Importantly, we find that a rise in expenditure on health imparts a positive impact on the working age population …
Persistent link: https://www.econbiz.de/10011452232
We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and auto purchases from Equifax credit balances. We...
Persistent link: https://www.econbiz.de/10013187650