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Terms of Trade Shocks and Fiscal Cycles
Kaminsky, Graciela L. - 2010
The latest boom in commodity prices fueled concerns about fiscal policies in commodity-exporting countries, with many claiming that it triggered loose fiscal policy and left no funds for a rainy day. This paper examines the links between fiscal policy and terms-of-trade fluctuations using a...
Persistent link: https://www.econbiz.de/10012462872
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Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate
Ravn, Morten O. - 2007
government spending shock. In addition, the deep-habit model predicts that in response to an anticipated increase in government …
Persistent link: https://www.econbiz.de/10012465322
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The Distribution of Congressional Spending During the American Revolution, 1775-1780 : The Problem of Geographic Balance
Grubb, Farley - 2008
Resources to fight the War for Independence from Great Britain (1775-1783) were to be provided to the U.S. Congress by the individual states based on each state's population share in the united colonies. Congressional spending, however, largely flowed to where the theater of war was located....
Persistent link: https://www.econbiz.de/10012464382
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Fiscal Policy and Macroeconomic Uncertainty in Developing Countries : The Tale of the Tormented Insurer
Mendoza, Enrique G. - 2006
Governments in emerging markets often behave like a "tormented insurer," trying to use non-state-contingent debt instruments to avoid cuts in payments to private agents despite large fluctuations in public revenues. In the data, average public debt-GDP ratios decline as the variability of...
Persistent link: https://www.econbiz.de/10012466076
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Special Interest Groups and the Allocation of Public Funds
Singhal, Monica - 2006
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10012466632
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Colonial New Jersey's Provincial Fiscal Structure, 1709-1775 : Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace
Grubb, Farley - 2015
The spending obligations and revenue sources of colonial New Jersey's provincial government for the years 1704 through 1775 are reconstituted using forensic accounting techniques from primary sources. Such has not been done previously for any British North American colony. These data are used to...
Persistent link: https://www.econbiz.de/10012457514
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Russia's Fiscal Gap
Goryunov, Eugene - 2013
Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...
Persistent link: https://www.econbiz.de/10012459053
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What Has Financed Government Debt?
Chung, Hess - 2007
-fiscal shocks. The role of expected primary surpluses in supporting innovations to debt depends on the nature of the shock. For some …
Persistent link: https://www.econbiz.de/10012465224
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Health Care Expenditure and Farm Income Loss : Evidence from Natural Disasters
Chang, Hung-hao; Meyerhoefer, Chad D. - National Bureau of Economic Research - 2022
disaster risks, we estimate an instrumental variables model and find that farm income elasticities of demand for outpatient …
Persistent link: https://www.econbiz.de/10013190992
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COVID-19 and The Macroeconomic Effects of Costly Disasters
Ludvigson, Sydney C. - 2020
disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude … impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a …
Persistent link: https://www.econbiz.de/10012481943