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What are the effects of fiscal policy shocks?
Mountford, Andrew; Uhlig, Harald - 2005
We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Unlike most of the previous literature this approach does not require that the contemporaneous reaction of some variables to fiscal policy shocks be set to zero or need additional...
Persistent link: https://www.econbiz.de/10010263594
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What are the effects of fiscal policy shocks? A VAR-based comparative analysis
Caldara, Dario; Kamps, Christophe - 2008
The empirical literature using vector autoregressive models to assess the effects of fiscal policy shocks strongly disagrees on even the qualitative response of key macroeconomic variables to government spending and tax shocks. We provide new evidence for the U.S. over the period 1955-2006. We...
Persistent link: https://www.econbiz.de/10011604923
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Haushaltskonsolidierung: Staatsausgaben durchforsten, Steuern erhöhen, Wachstum stärken
Bach, Stefan - In: Vierteljahrshefte zur Wirtschaftsforschung 79 (2010) 1, pp. 10-26
Die zentrale finanzpolitische Aufgabe der kommenden Jahre wird die Konsolidierung der öffentlichen Haushalte sein. Auch nach Bewältigung der Rezession werden weiterhin "strukturelle" Defizite in einer Größenordnung von drei bis vier Prozent des Bruttoinlandsprodukts bestehen bleiben....
Persistent link: https://www.econbiz.de/10010377910
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A disaggregated framework for the analysis of structural developments in public finances
Kremer, Jana; Braz, Cláudia Rodrigues; Brosens, Teunis; … - 2006
In this paper, we present a disaggregated framework for the analysis of past and projected structural developments in the most relevant revenue and expenditure categories and the fiscal balance. The framework, in particular, distinguishes between the effects of discretionary fiscal policy and of...
Persistent link: https://www.econbiz.de/10010295793
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Konsolidierung der öffentlichen Haushalte: Subventionsabbau nicht vernachlässigen. Aktueller Kommentar
Ragnitz, Joachim - In: ifo Dresden berichtet 16 (2009) 5, pp. 3
Legislaturperiode ist die Finanzpolitik. Es wäre sehr gut wenn es gelänge, die Subventionen in dieser Zeit die Subventionen substanziell …
Persistent link: https://www.econbiz.de/10011733203
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Além da estabilização: desafios da agenda fiscal
Werneck, Rogério L. F. - 2005
With the external accounts problems reasonably solved, Brazil’s economic policy agenda is bound to be increasingly focused on fiscal issues. What makes the design of economic policy especially complex in this area is the fact that there are several superimposed and potentially conflicting...
Persistent link: https://www.econbiz.de/10011807338
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Triste Aussichten nach der Wahl: Haushaltskonsolidierung erfordert Ausgabenkürzungen und Steuererhöhungen
Bach, Stefan; Steiner, Viktor - In: DIW Wochenbericht 76 (2009) 37, pp. 624-633
Nach der Bundestagswahl schlägt die Stunde der finanzpolitischen Wahrheit. Wer auch immer die nächste Bundesregierung stellt: Der Kassensturz nach der Wahl wird zeigen, dass kaum noch finanzpolitischer Handlungsspielraum besteht. Die öffentlichen Haushalte haben sich im Zuge der Rezession...
Persistent link: https://www.econbiz.de/10011602056
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Challenges of fiscal policy in emerging and developing economies
Huidrom, Raju; Kose, M. Ayhan; Ohnsorge, Franziska L. - 2016
This paper presents a systematic analysis of the availability and use of fiscal space in emerging and developing economies. These economies built fiscal space in the run-up to the Great Recession of 2008-09, which was then used for stimulus. This reflects a more general trend over the past three...
Persistent link: https://www.econbiz.de/10011696301
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Spend-and-tax adjustments and the sustainability of the government's intertemporal budget constraint
Legrenzi, Gabriella Deborah; Milas, Costas - 2010
We apply non-linear error-correction models to the empirical testing of the sustainability of the government's intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its intertemporal budget constraint, in spite of the high levels of...
Persistent link: https://www.econbiz.de/10010266076
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Avaliando os efeitos da política fiscal no Brasil: Resultados de um procedimento de identificação agnóstica
Mendonça, Mário Jorge; Medrano, Luis Alberto; … - 2009
This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the …. We find that in response of an expansionary shock of public expenditures the private consumption increases surely. It can … shock of the public net revenues. But in long run the probability of this response to be positive rises strongly.With 76 …
Persistent link: https://www.econbiz.de/10010330845