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Real-time data and fiscal analysis : a survey of the literature

Cimadomo, Jacopo - 2011

This paper surveys the empirical research on fiscal policy analysis based on real-time data. This literature can be broadly divided in three groups that focus on: (1) the statistical properties of revisions in fiscal data; (2) the political and institutional determinants of projection errors by...

Persistent link: https://www.econbiz.de/10009405594

Identifying the effects of government spending shocks with and without expected reversal : an approach based on U.S. real-time data

Cimadomo, Jacopo; Hauptmeier, Sebastian; Sola, Sergio - 2011

This paper investigates how expectations about future government spending affect the transmission of fiscal policy shocks. We study the effects of two different types of government spending shocks in the United States: (i) spending shocks that are accompanied by an expected reversal of public...

Persistent link: https://www.econbiz.de/10009238019

Private and public risk sharing in the euro area

Cimadomo, Jacopo; Furtuna, Oana; Giuliodori, Massimo - 2018

This paper investigates the contribution of private and public channels for consumption risk sharing in the EMU over … estimating how risk sharing has evolved since the start of the EMU, and in particular during the recent crisis. Our results … suggest that, whereas in the early years of the EMU only about 40% of country-specific output shocks were smoothed, in the …

Persistent link: https://www.econbiz.de/10011856373