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Ferrière, Axelle; Karantounias, Anastasios G. - 2016

generate optimal policies that resemble "austerity" measures. Optimal policy prescribes front-loaded fiscal consolidations and …

Persistent link: https://www.econbiz.de/10011446558

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/10011904377

Budgetary constrained governments : drivers of time varying fiscal sustainability in OECD countries

Afonso, António; Coelho, José Carlos - 2024

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long-term relationships between government revenues and expenditures as well as between the primary budget balance and past public debt ratio for the full panel. Performing an expanding...

Persistent link: https://www.econbiz.de/10014543858

Drivers of fiscal sustainability : a time-varying analysis for Portugal

Afonso, António; Coelho, José Carlos - 2023

We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding window and Schlicht (2003, 2021)'s time-varying approaches to construct the responses of government revenues to government expenditures and the responses of the primary government...

Persistent link: https://www.econbiz.de/10014391313

Combining Time-Variation and Mixed-Frequencies : An Analysis of Government Spending Multipliers in Italy

Cimadomo, Jacopo - 2015

output in Italy. The fiscal multiplier, which is maximized at the one year horizon, follows a U-shape over the sample …

Persistent link: https://www.econbiz.de/10013013646

Combining Time-Variation and Mixed-Frequencies : An Analysis of Government Spending Multipliers in Italy

D'Agostino, Antonello - 2018

tend to have positive effects on output in Italy. The fiscal multiplier, which is maximized at the one year horizon …

Persistent link: https://www.econbiz.de/10012924294

Decomposing local fiscal multipliers : evidence from Japan

Kameda, Taisuke; Namba, Ryoichi; Tsuruga, Takayuki - 2019 - This draft: October 2019

accounts. We estimate the local fiscal multiplier on output to be 1.7 at the regional level. The regional fiscal multiplier … and small in size. We decompose the regional fiscal multiplier on output into multipliers on expenditure components. The … regional fiscal multiplier on absorption exceeds 2.0 because of the crowding-in effect on consumption and investment. Moreover …

Persistent link: https://www.econbiz.de/10012109875

Consumption multipliers of different types of public spending : a structural vector error correction analysis for the UK

Marattin, Luigi; Salotti, Simone - 2010

The aim of this paper is to investigate the relationship between government spending and private consumption in the UK, for which there is scarce previous empirical evidence. We disaggregate public expenditure into three categories and search for the corresponding private consumption...

Persistent link: https://www.econbiz.de/10011737944

The output effect of fiscal consolidation plans

Alesina, Alberto; Favero, Carlo A.; Giavazzi, Francesco - 2014 - This version: October 2014

We show that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of a multi year fiscal plan rather than of individual fiscal shocks. Simulation of fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the effects of...

Persistent link: https://www.econbiz.de/10010463614

The discretionary fiscal effort : an assessment of fiscal policy and its output effect

Carnot, Nicolas; Castro, Francisco de - 2015

Persistent link: https://www.econbiz.de/10010516733

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