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A Disaggregated Framework for the Analysis of Structural Developments in Public Finances
Kremer, Jana; Rodrigues Braz, Cláudia; Brosens, Teunis; … - 2021
standardised to be used in multi-country studies. Here, it is applied to Belgium, Finland, Germany, Italy, the Netherlands and … countries except Finland. In Belgium, Italy and the Netherlands, both revenue and expenditure contributed to the deterioration …
Persistent link: https://www.econbiz.de/10013318107
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Lifting the Banking Veil : Credit Standards’ Harmonization Through Lending Transparency
Kang, Jung Koo - 2020
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …
Persistent link: https://www.econbiz.de/10012843214
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Leading Indicators of Systemic Banking Crises : Finland in a Panel of EU Countries
Lainà, Patrizio - 2015
focus on Finland. We use quarterly data from 1980Q1 to 2013Q2, in order to create a large number of macro …
Persistent link: https://www.econbiz.de/10013030867
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What accounts for the changes in U.S. fiscal policy transmission?
Bilbiie, Florin O.; Meier, André; Müller, Gernot J. - 2006
Using vector autoregressions on U.S. time series for 1957-1979 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this observation within a DSGE model featuring price rigidities and limited...
Persistent link: https://www.econbiz.de/10011604628
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Does fiscal policy matter for the trade account? A panel cointegration study
Funke, Katja; Nickel, Christiane - 2006
This paper analyses the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual...
Persistent link: https://www.econbiz.de/10011604666
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Fiscal policy in a monetary economy with capital and finite lifetime
Annicchiarico, Barbara; Giammarioli, Nicola; … - 2006
This paper develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes. The framework exhibits intergenerational wealth effects and is intended to investigate the macroeconomic implications of fiscal policy, which is specified by...
Persistent link: https://www.econbiz.de/10011604707
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Fiscal convergence before entering the EMU
Onorante, Luca - 2006
The monetary integration of the acceding countries will proceed in several distinct steps, starting with membership in the European Union (EU), followed by participation in the so-called Exchange Rate Mechanism (ERM) II and ultimately entry into the euro area. This paper addresses the question...
Persistent link: https://www.econbiz.de/10011604710
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Expansionary fiscal consolidations in Europe: new evidence
Afonso, António - 2006
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models for private consumption are estimated for the EU15 countries, using annual data over the period 1970–2005. Three alternative approaches to determine fiscal episodes are used, and the level of...
Persistent link: https://www.econbiz.de/10011604721
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Economic growth and budgetary components: a panel assessment for the EU
Afonso, António; González Alegre, Juan - 2008
In this paper we test whether a reallocation of government budget items can enhance long-term GDP growth in a set of European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent variables in a growth regression: economic growth, total...
Persistent link: https://www.econbiz.de/10011604894
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Government size, composition, volatility and economic growth
Afonso, António; Furceri, Davide - 2008
This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...
Persistent link: https://www.econbiz.de/10011604895