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Are climate change policies politically costly?

Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021

Are policies designed to avert climate change (Climate Change Policies, or CCPs) politically costly? Using data on governmental popular support and the OECD's Environmental Stringency Index, we find that CCPs are not necessarily politically costly: policy design matters. First, only market-based...

Persistent link: https://www.econbiz.de/10012612336

The fiscal multiplier of public investment : the role of corporate balance sheet

Espinoza, Raphael; Gamboa-Arbelaez, Juliana; Sy, Mouhamadou - 2020

This paper explores whether public investment crowds out or crowds in private investment. To this aim, we build a … database of about half a million firms from 49 countries. We find that the effect of public investment on corporate investment … depends both on leverage and financial constraints. Public investment boosts private investment for firms with low leverage …

Persistent link: https://www.econbiz.de/10012391930

The Effects of Corruptionon Growth, Investment, and Government Expenditure

Mauro, Paolo - 1996

growth and investment, and new cross-country evidence on the link between corruption and the composition of government …

Persistent link: https://www.econbiz.de/10014397962

Limits to private climate change mitigation

Elmalt, Dalya; Igan, Deniz; Kirti, Divya - 2021

As climate change looms larger, many look to sustainable investing that incorporates environmental, social, and governance (ESG) concerns as part of the way forward. To assess scope for ESG-conscious investing to achieve climate change goals, we explore the link between emissions growth and ESG...

Persistent link: https://www.econbiz.de/10012605057

Governments’ payment discipline : the macroeconomic impact of public payment delays and arrears

Checherita-Westphal, Cristina; Klemm, Alexander; … - 2015

Persistent link: https://www.econbiz.de/10011282728

Too small to fail? : subnational spending pressures in Europe

Eyraud, Luc; Moreno Badía, Marialuz - 2013

Persistent link: https://www.econbiz.de/10009726551

The impact of r-g on the Euro-Area government spending multiplier

Di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median estimates vary conditional on the specification, but...

Persistent link: https://www.econbiz.de/10012518304

The euro-area government spending multiplier at the effective lower bound

Amendola, Adalgiso; Di Serio, Mario; Fragetta, Matteo; … - 2019

We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the overall monetary policy stance, captured by a shadow monetary policy rate. In the...

Persistent link: https://www.econbiz.de/10012102056

Budgetary Transparency for Public Expenditure Control

Reviglio, Franco - 2001

This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of public expenditure. One of the reasons is political. What public expenditure reforms might be pursued without changing the political system? Without political reforms, technical improvements made to...

Persistent link: https://www.econbiz.de/10014403530

Too Small to Fail? : Subnational Spending Pressures in Europe

Eyraud, Luc - 2013

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three econometric models and ask the following questions: (1) does the form of spending...

Persistent link: https://www.econbiz.de/10014395376

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