Showing 1 - 10 of 11
fiscal stance when public-debt-to-GDP ratios are higher - but only in the euro area, not in advanced stand-alone countries …
Persistent link: https://www.econbiz.de/10014382638
area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal … 2011-2013 is in the range of 5.5% to 8.4% of GDP. Against the background of the prevailing macroeconomic and institutional …
Persistent link: https://www.econbiz.de/10012099959
Evidence for 17 OECD Countries over 1978-2013 Using an annual data set covering 17 OECD countries over the time period 1978-2013, this paper analyses the dynamic effects of fiscal consolidation episodes on income inequality in the short and medium run. By estimating impulse response functions...
Persistent link: https://www.econbiz.de/10012099976
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10014304201
fiscal stance when public-debt-to-GDP ratios are higher - but only in the euro area, not in advanced stand-alone countries …
Persistent link: https://www.econbiz.de/10014474946
Persistent link: https://www.econbiz.de/10000643184
Persistent link: https://www.econbiz.de/10000941933
Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of...
Persistent link: https://www.econbiz.de/10014445966
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10013373264
This paper is about fiscal consolidation measures (i.e. tax hikes and government spending cuts motivated by a desire to reduce the fiscal deficit and public debt) in euro area (EA) countries. The focus is on analysing the growth effects of fiscal adjustments as well as their implications for...
Persistent link: https://www.econbiz.de/10015076372