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Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries
Honda, Jiro - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012831612
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The effects of fiscal policy shocks on the business environment
Dobrotă, Gabriela; Voda, Alina Daniela; Dumitrașcu, … - In: Journal of business economics and management 22 (2021) 4, pp. 1084-1103
factorization of innovations. Impulse-response functions aiming to estimate the response of government expenditures to the shock …
Persistent link: https://www.econbiz.de/10013256485
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Fiscal stimulus and labor market flexibility
Topal, Pınar - 2015
on output and unemployment. While the impulse response of real GDP to a government spending shock is positive and more …
Persistent link: https://www.econbiz.de/10010491745
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The Effects of Fiscal Shocks on the Exchange Rate in Spain
Castro, Francisco de - 2011
multipliers around 0.5 on impact and slightly above unity one year after the shock, which are in line with previous empirical …
Persistent link: https://www.econbiz.de/10013120763
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The Effects of Fiscal Shocks on the Exchange Rate in the EMU and Differences with the US
Castro, Francisco de - 2012
We analyse the impact of government spending shocks on the real effective exchange rate and net exports in the Euro Area within a standard structural VAR framework. We employ a new database that contains quarterly fiscal variables for the Euro Area as a whole. We show that higher government...
Persistent link: https://www.econbiz.de/10013104289
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Transmission of government spending shocks in the Euro area : time variation and driving forces
Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10011380027
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The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany : A Disaggregated SVAR Analysis
Wolff, Guntram B. - 2016
Persistent link: https://www.econbiz.de/10012991162
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The Effects of Fiscal Policy in Italy : Evidence from a VAR Model
Momigliano, Sandro - 2008
Quarterly Reports. The main results of the study can be summarized as follows. A shock to government purchases of goods and … services has a sizeable and robust effect on economic activity: an exogenous one per cent (in terms of private GDP) shock … the low persistence of the shock. The effects on employment, private consumption and investment are also positive. The …
Persistent link: https://www.econbiz.de/10012725077
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Changing Patterns of Domestic and Cross-Border Fiscal Policy Multipliers in Europe and the US
Bénassy-Quéré, Agnès - 2007
This paper documents time variation in domestic fiscal policy multipliers in Germany, the UK and the US, and in cross-border fiscal spillovers from Germany to the seven largest European Union economies. We propose two VAR models which incorporate three quot;global factorsquot; representing...
Persistent link: https://www.econbiz.de/10012730000
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The effect of legislated tax changes on the trade balance : empirical evidence for the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 27 January 2021
Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the United States, Germany, and the United Kingdom. As legislative tax changes we consider (i) all changes,...
Persistent link: https://www.econbiz.de/10012543168