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Recent debate has focused on the introduction of a central stabilisation capacity as a completing element of the …
Persistent link: https://www.econbiz.de/10011853325
Recent debate has focused on the introduction of a central stabilisation capacity as a completing element of the …
Persistent link: https://www.econbiz.de/10011810026
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/10011605453
In this paper we argue that any assessment on the intentional stance of fiscal policy should be based upon all the information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal policy “instrument”, the structural primary...
Persistent link: https://www.econbiz.de/10005062809
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/10009358499
This paper argues that any assessment on the intentional stance of fiscal policy should be based upon all the information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal policy "instrument", the structural primary balance,...
Persistent link: https://www.econbiz.de/10011604965
In this paper we argue that any assessment on the intentional stance of fiscal policy should be based upon all the information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal policy "instrument", the structural primary balance,...
Persistent link: https://www.econbiz.de/10014050277
multiplier estimates, our analysis shows that - with a limited risk of moral hazard - substantial stabilisation could have been … therefore needed less stabilisation …
Persistent link: https://www.econbiz.de/10014082970
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 fiscal data revisions...
Persistent link: https://www.econbiz.de/10013122699
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/10013122883