Showing 1 - 10 of 130
This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the … cycle synchronization. Overall, the sectors that provide the most relevant contribution are Industry, Building and … share, shows a relative low business cycle synchronization and volatility, implying that it contributes only marginally to …
Persistent link: https://www.econbiz.de/10005593027
This paper investigates the cyclical properties of the average effective tax rate in 26 OECD countries over 1965-2003 in order to test the validity of three theories of fiscal policy: (i) the standard Keynesian theory which recommends that tax policy should be counter-cyclical, (ii) the Tax...
Persistent link: https://www.econbiz.de/10008470453
This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the … cycle synchronization. Overall, the sectors that provide the most relevant contribution are Industry, Building and … share, shows a relative low business cycle synchronization and volatility, implying that it contributes only marginally to …
Persistent link: https://www.econbiz.de/10012731298
This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the … cycle synchronization. Overall, the sectors that provide the most relevant contribution are Industry, Building and … share, shows a relative low business cycle synchronization and volatility, contributing only marginally to the aggregate …
Persistent link: https://www.econbiz.de/10013153275
This article investigates the cyclical properties of the average effective tax rate in 26 OECD countries over 1965–2003 to test the validity of three theories of fiscal policy: (i) the standard Keynesian theory, which recommends that tax policy should be countercyclical; (ii) the Tax Smoothing...
Persistent link: https://www.econbiz.de/10009421425
Persistent link: https://www.econbiz.de/10009154806
This paper empirically examines the effects of fiscal policy measures during the COVID-19 pandemic, using a novel database of daily fiscal policy announcements—classified by type of fiscal measure—and high-frequency economic indicators for 52 countries from January 1 to December 31, 2020....
Persistent link: https://www.econbiz.de/10013299036
We analyse how fiscal decentralization affects the volatility of government consumption extending the existing literature that mainly deals with the effects of the former on government size. Using data for 97 developed and developing countries from 1971 to 2010, we find that a higher degree of...
Persistent link: https://www.econbiz.de/10011110027
This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...
Persistent link: https://www.econbiz.de/10011604895
This paper provides empirical evidence showing that smaller countries tend to have more volatile government spending for a sample of 160 countries from 1960 to 2000. We argue that the larger size of a country decreases the volatility of government spending because it acts as an insurance against...
Persistent link: https://www.econbiz.de/10011604970