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Taylor, Mark P. - 1991

We test and estimate a variety of alternative models of the yield curve, using weekly, high-quality U.K. data. We extend the Campbell-Shiller technique to the overlapping data case and apply it to reject the pure expectations hypothesis under rational expectations. We also find that risk...

Persistent link: https://www.econbiz.de/10014395929

Food price shocks and household consumption in developing countries : the role of fiscal policy

Meyimdjui, Carine; Combes, Jean-Louis - 2021

Persistent link: https://www.econbiz.de/10012487299

Imported food price shocks and socio-political instability : do fiscal policy and remittances matter?

Meyimdjui, Carine - 2020

Using a panel of 101 low- and middle-income countries with data covering the period 1980-2012, this paper applies various econometric approaches that deal with endogeneity issues to assess the impact of food price shocks on socio-political instability once fiscal policy and remittances have been...

Persistent link: https://www.econbiz.de/10012392596

Exploring the output effect of fiscal policy shocks in low income countries

Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 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/10012252736

Tax reforms and fiscal shock smoothing

Amaglobeli, David; Jaramillo Echeverri, Laura; Karnane, … - 2019

This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies … magnitude of shock smoothing increases from an average of 2 percent to 3-3 1\2 percent following the reform. The effects are … symmetric-that is, the increase in shock smoothing following a reform expanding the tax base (rate) is similar to the decline in …

Persistent link: https://www.econbiz.de/10012021994

Getting to know GIMF : the simulation properties of the global integrated monetary and fiscal model

Anderson, Derek; Hunt, Benjamin F.; Kortelainen, Mika; … - 2013

Persistent link: https://www.econbiz.de/10009726538

Public debt and r - g at risk

Lian, Weicheng; Presbitero, Andrea; Wiriadinata, Ursula - 2020

As interest rate-growth differentials (r-g) turned negative in many countries, governments consider pursuing fiscal expansion and the potential risks involved. Using a large sample of advanced and emerging economies, our analysis suggests that high public debts can lead to adverse future r-g...

Persistent link: https://www.econbiz.de/10012299384

International fiscal-financial spillovers : the effect of fiscal shocks on cross-border bank lending

Choi, Sangyup; Furceri, Davide; Yoon, Chansik - 2019

This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...

Persistent link: https://www.econbiz.de/10012102123

Countercyclical fiscal policy and gender employment gap : evidence from the G-7 countries

Akitoby, Bernardin; Honda, Jiro; Miyamoto, Hiroaki - 2019

countries. Using the local projection method, we find that, during recessions, a positive spending shock of 1 percent of GDP … shock would improve the female share of employment by 0.28 percentage point during recessions. Our findings are driven by …

Persistent link: https://www.econbiz.de/10012001474

Macroeconomic effects of reforms on three diverse oil exporters : Russia, Saudi Arabia, and the UK

Beidas-Strom, Samya; Lorusso, Marco - 2019

We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest...

Persistent link: https://www.econbiz.de/10012112123

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