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Market Power and Fiscal Policy in OECD Countries
Afonso, António - 2010
We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...
Persistent link: https://www.econbiz.de/10013145150
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Fiscal policy, housing and stock prices
Afonso, António; Sousa, Ricardo M. - 2009
Sims and Zha (1999, 2006), the empirical evidence for the U.S., the U.K., Germany, and Italy shows that it is important to … minor role in the asset markets of the U.S. and Germany; (ii) they substantially increase the variability of housing and …
Persistent link: https://www.econbiz.de/10011605036
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The macroeconomic effects of fiscal policy
Afonso, António; Sousa, Ricardo M. - 2009
, fiscal data; and (vii) analyze empirical evidence from the U.S., the U.K., Germany, and Italy. The results show that …
Persistent link: https://www.econbiz.de/10011605037