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Government deficit shocks and Okun's coefficient volatility : new insights on the austerity versus growth debate

Binh Thai Pham; Sala, Hector - 2019

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

Is the deficit under control? : a generational accounting perspective on fiscal policy and labour market trends in Spain

Bonin, Holger; Abío, Gemma; Berenguer, Eduard; Gil, Joan; … - 2001

According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...

Persistent link: https://www.econbiz.de/10011401525

Generational accounting as a tool to assess fiscal sustainability : an overview of the methodology

Bonin, Holger (contributor); Patxot, Concepció (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001893898

A fresh look at fiscal redistribution and inequality in the US across electoral cycles

Sala, Hector - 2018

The evolution of the ratio of direct taxation (characterized by progressive rates) over indirect and payroll taxation (characterized by flat rates) is examined together with its distributional consequences for the Bottom 50%, Middle 40% and Top 10% shares of income. Oscillations of this ratio...

Persistent link: https://www.econbiz.de/10011913675

Fiscal policy, sovereign default, and bailouts

Jüßen, Falko; Schabert, Andreas - 2013

This paper examines fiscal policy without commitment and the effects of conditional bailout loans. The government relies on distortionary taxation and decides between full debt repayment and costly default. It tends to overborrow due to myopia, which induces default to be a relevant policy...

Persistent link: https://www.econbiz.de/10010225902

Government debt as insurance against macroeconomic risk

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001

Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...

Persistent link: https://www.econbiz.de/10011405711

The electric telegraph, news coverage and political participation

Wang, Tianyi - 2023

Using newly digitized data on the growth of the telegraph network in America during 1840-1852, the paper studies the impacts of the electric telegraph on national elections. I use proximity to daily newspapers with telegraphic connections to Washington to generate plausibly exogenous variation...

Persistent link: https://www.econbiz.de/10014315749

Is demonstrating against the far right worth it? : evidence from French presidential elections

Lagios, Nicolas; Méon, Pierre-Guillaume; Tojerow, Ilan - 2022

We study the electoral impact of protesting against the far right by investigating the demonstrations held during the 2002 French presidential elections against far-right candidate Jean-Marie Le Pen. Instrumenting rally attendance with rainfall while factoring in that some municipalities never...

Persistent link: https://www.econbiz.de/10013407567

A Kaldor matching model of real wage declines

Sattinger, Michael - 2001

A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model in assuming equal savings rates and production determined by a matching process between workers...

Persistent link: https://www.econbiz.de/10011403982

Who misvotes? : The effect of differential cognition costs on election outcomes

Shue, Kelly (contributor); Luttmer, Erzo F. P. (contributor) - 2006

If voters are fully rational and have negligible cognition costs, ballot layout should not affect election outcomes. In … from the 2003 California Recall Election. We find that the voteshares of minor candidates almost double when their names … the 2000 U.S. Presidential Election and the 2004 Washington Gubernatorial Election. We explore which voting technology …

Persistent link: https://www.econbiz.de/10003499782

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