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Discretionary fiscal policies over the cycle : new evidence based on the ESCB disaggregated approach
Agnello, Luca; Cimadomo, Jacopo - 2009
This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to economic fluctuations in European Union countries. For this purpose, it uses data on legislated revenue changes and structural indicators provided twice per year by National Central...
Persistent link: https://www.econbiz.de/10003969250
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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
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Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment
Gόrnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - 2018
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10011856496
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Globalisation and the efficiency-equity trade-off
Beck, Roland; Di Nino, Virginia; Stracca, Livio - 2021
study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …
Persistent link: https://www.econbiz.de/10012511089
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Central bank liquidity provision, risk-taking and economic efficiency
Bindseil, Ulrich; Jabłecki, Juliusz - 2013
Persistent link: https://www.econbiz.de/10009766427
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Public sector efficiency : evidence for new EU member states and emerging markets
Afonso, António (contributor);  … - 2006
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …
Persistent link: https://www.econbiz.de/10003274690
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Public sector efficiency : an international comparison
Afonso, António (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10001792743
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Household spending and fiscal support during theCOVID-19 pandemic : insights from a new consumer survey
Georgarakos, Dimitris; Kenny, Geoff - 2022
This paper introduces the Consumer Expectations Survey (CES), a new online, high frequency panel survey of euro area consumers' expectations and behaviour. The paper also investigates whether public perceptions about fiscal support measures introduced during the pandemic have influenced spending...
Persistent link: https://www.econbiz.de/10012818792
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Tracking growth in the euro area subject to a dimensionality problem
Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2021
We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...
Persistent link: https://www.econbiz.de/10012625874
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The COVID-19 consumption game-changer : evidence from a large-scale multi-country survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012643267