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1
Household Saving and Fiscal Policy : Evidence for the Euro Area from a Thick Modelling Perspective
Checherita-Westphal, Cristina D.
;
Stechert, Marcel
-
2021
and
estimation
uncertainty and no robust evidence for total private saving offset. Our results for the euro area are …
Persistent link: https://www.econbiz.de/10013310202
Saved in:
2
Check in the Mail or More in the Paycheck : Does the Effectiveness of Fiscal Stimulus Depend on How it is Delivered?
Sahm, Claudia
-
2011
Recent fiscal policies have aimed to stimulate household spending. In 2008, most households received one-time economic stimulus payments. In 2009, most working households received the Making Work Pay tax credit in the form of reduced withholding; other households, mainly retirees, received...
Persistent link: https://www.econbiz.de/10013130153
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3
Fiscal Stimulus in Times of High Debt : Reconsidering Multipliers and Twin Deficits
Nickel, Christiane
-
2013
We investigate the impact of fiscal stimuli at different levels of the government debt-to-GDP-ratio for a sample of 17 European countries from 1970 to 2010. This is implemented in an interacted panel VAR framework in which all coefficient parameters are allowed to change continuously with the...
Persistent link: https://www.econbiz.de/10013087096
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4
What are the Effects of Fiscal Policy Shocks? A VAR-based Comparative Analysis
Caldara, Dario
-
2009
The empirical literature using vector autoregressive models to assess the effects of fiscal policy shocks strongly disagrees on even the qualitative response of key macroeconomic variables to government spending and tax shocks. We provide new evidence for the U.S. over the period 1955-2006. We...
Persistent link: https://www.econbiz.de/10012766572
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5
Combining Time-Variation and Mixed-Frequencies : An Analysis of Government Spending Multipliers in Italy
Cimadomo, Jacopo
-
2015
In this paper, we propose a time-varying parameter VAR model with stochastic volatility which allows for
estimation
on …
Persistent link: https://www.econbiz.de/10013013646
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6
Fiscal Activism in the Euro Area and in Other Advanced Economies : New Evidence
Attinasi, Maria Grazia
-
2020
We review the determinants of the discretionary fiscal policy action of governments in the euro area and in other advanced economies during the past 20 years. This is done by estimating fiscal reaction functions using dynamic panel techniques and country-by-country estimates. The results suggest...
Persistent link: https://www.econbiz.de/10012844616
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7
Fiscal policy in real time
Cimadomo, Jacopo
-
2008
policy "instrument", the structural primary balance, should be used in the
estimation
of fiscal policy reaction functions. In …
Persistent link: https://www.econbiz.de/10011604965
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8
A Quarterly Fiscal Database for the Euro Area Based on Intra-Annual Fiscal Information
Paredes, Joan
-
2009
The analysis of the macroeconomic impact of fiscal policies in the euro area has been traditionally limited by the absence of quarterly fiscal data. To overcome this problem, we provide two new databases in this paper. Firstly, we construct a quarterly database of euro area fiscal variables for...
Persistent link: https://www.econbiz.de/10013153260
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9
Price Dividend Ratio and Long-Run Stock Returns : A Score Driven State Space Model
Delle Monache, Davide
-
2020
estimation
of the state vector and of the time-varying parameters. We use this method to study the time-varying relationship …
Persistent link: https://www.econbiz.de/10012842441
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10
A High Frequency Assessment of the ECB Securities Markets Programme
Ghysels, Eric
-
2014
Policy impact studies often suffer from endogeneity problems. Consider the case of the ECB Securities Markets Programme: If Eurosystem interventions were triggered by sudden and strong price deteriorations, looking at daily price changes may bias downwards the correlation between yields and the...
Persistent link: https://www.econbiz.de/10013059119
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