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Would Population Aging Change the Output Effects of Fiscal Policy?
Honda, Jiro - 2020
Would population aging affect the effectiveness of fiscal stimulus? Despite the renewed focus on population aging, there are few empirical studies on the output effects of fiscal policy in aging economies. Our study fills this gap by analyzing this issue in OECD countries. We find that, as...
Persistent link: https://www.econbiz.de/10012828221
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Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries
Honda, Jiro - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012831612
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Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances
Gruss, Bertrand - 2012
In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal...
Persistent link: https://www.econbiz.de/10013110101
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Fiscal Consolidations and Growth : Does Speed Matter?
Pennings, Steven - 2013
Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on consolidation size to allow speed to affect the...
Persistent link: https://www.econbiz.de/10013071926
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Inclusive Growth and the Incidence of Fiscal Policy in Mauritius — Much Progress, But More Could Be Done
David, Antonio C. - 2013
Using data from three household surveys, we review whether growth in Mauritius was inclusive and discuss the incidence of public expenditures and taxes. Generally, Mauritius enjoys an even income distribution and low rates of poverty. Nevertheless, over the 2000s, despite overall progress, the...
Persistent link: https://www.econbiz.de/10013080463
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Das Public Kapital : How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim Ali - 2015
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10013028678
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The Growth and Stabilization Properties of Fiscal Policy in Malaysia
Rafiq, Sohrab - 2013
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian...
Persistent link: https://www.econbiz.de/10013079260
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Credit and Fiscal Multipliers in China
Chen, Sophia - 2018
We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary … from 0.17 to zero over the same periods. Our results suggest that reducing credit growth in China is unlikely to disrupt …
Persistent link: https://www.econbiz.de/10012929935
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Spillovers from China's Growth Slowdown and Rebalancing to the ASEAN-5 Economies
Dizioli, Allan - 2016
After many years of rapid expansion, China's growth is slowing to more sustainable levels and is rebalancing, with … financial markets. It finds that countries with closer trade linkages with China (Malaysia, Singapore, and Thailand) and net … points in response to a decline in China's growth by 1 percentage point depending on the model used and the nature of the …
Persistent link: https://www.econbiz.de/10012977796
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Fiscal Multipliers in Ukraine
Mitra, Pritha - 2015
Amid renewed crisis, falling tax revenues, and rising debt, Ukraine faces serious fiscal consolidation needs. Durable fiscal adjustment can support economic confidence and rebuild buffers but what is its overall impact on growth? How effective are revenue versus spending instruments? Does...
Persistent link: https://www.econbiz.de/10013023276