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The revenue and double dividend potential of taxes on international private capital flows and securities transactions

Grabel, Ilene - 2003

This paper explores two proposals to tax financial flows in developing economies—the package of policies implemented to various degrees by Chile and Colombia during the 1990s, widely referred to today as the Chilean model—and securities transactions taxes (STTs). I find that each provides a...

Persistent link: https://www.econbiz.de/10010279044

Learning about fiscal multipliers during the European sovereign debt crisis: Evidence from a quasi-natural experiment

Górnicka, 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/10011916858

Revenue- versus spending-based consolidation plans: The role of follow-up

Beetsma, Roel; Furtuna, Oana; Giuliodori, Massimo - 2018

The literature on fiscal multipliers finds that spending-based fiscal consolidations tend to have more benign macro-economic consequences than revenue-based consolidations. By directly comparing ex-post data with consolidation plans, we present evidence of a systematically weaker follow-up of...

Persistent link: https://www.econbiz.de/10011916882

Fiscal consolidations in Latin America and the Caribbean: Do inequality, corruption, and informality matter?

Jalles, João Tovar; Pessino, Carola; Calderon, Ana Cristina - 2025

Widening income disparities, higher corruption and larger informality in many emerging market and developing economies (EMDE) including Latin America, all with pressing and mounting fiscal problems, have rekindled interest in the empirical analysis of the key factors determining the occurrence...

Persistent link: https://www.econbiz.de/10015394064

Effect of Government Expenditure on GDP in the Turkish Economy

Simsek, E.; Orhan, M.; Macit, F. - In: International Econometric Review (IER) 9 (2017) 2, pp. 69-76

The objective of this article is to investigate the effect of government expenditure on GDP in Turkey from 2000Q1-2015Q4 by the superexogeneity test. As a consequence of satisfying both conditions of weak exogeneity and structural invariance, government expenditure is super exogenous to GDP...

Persistent link: https://www.econbiz.de/10012610967

Multicointegration in US consumption data

Siliverstovs, Boriss - 2003

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure and real per capita disposable personal income in the USA. In doing so, we exploit the fact that the flows of disposable income and consumption expenditure on the one hand, and...

Persistent link: https://www.econbiz.de/10010260704

Common trends and common cycles among interest rates of the G7-countries

Lindenberg, Nannette; Westermann, Frank - 2009

operandi to analyze the time series characteristics of interest rates and to test for common features. We conduct cointegration …

Persistent link: https://www.econbiz.de/10010264545

Is Double Trouble? – How to Combine Cointegration Tests

Bayer, Christian; Hanck, Christoph - 2008

This paper suggests a combination procedure to exploit the imperfect correlation of cointegration tests to develop a … conflict. Moreover it avoids the size distortion inherent in separately applying multiple tests for cointegration to the same … data set. We apply our test to 143 data sets from published cointegration studies. There, in one third of all cases single …

Persistent link: https://www.econbiz.de/10010264719

Why a diversified portfolio should include African assets

Alagidede, Paul; Panagiotidis, Theodore; Zhang, Xu - 2010

cointegration approaches confirm the latter through recursive estimation. The implication is that global market movements may have …We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock …

Persistent link: https://www.econbiz.de/10010273679

Non-linear dynamics in the euro area demand for M1

Calza, Alessandro; Zaghini, Andrea - 2006

This paper investigates possible non-linearities in the dynamics of the euro area demand for the narrow aggregate M1. A long-run money demand relationship is firstly estimated over a sample period covering the last three decades. While the parameters of the relationship are jointly stable, there...

Persistent link: https://www.econbiz.de/10011604638