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Housing and tax policy
Alpanda, Sami; Zubairy, Sarah - 2013
frictions in the form of collateral constraints tied to house prices, and a rental housing market alongside owner …
Persistent link: https://www.econbiz.de/10009789532
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Analyzing fiscal sustainability
Bi, Huixin; Leeper, Eric M. - 2013
The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country's fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. A real business cycle model maps the...
Persistent link: https://www.econbiz.de/10009783106
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Efficient Energy Investment and Fiscal Adjustment in Senegal
Issoufou, Salifou; Buffie, Edward F.; Diop, Mouhamadou Bamba - International Monetary Fund (IMF) - 2014
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10010790369
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Fiscal Adjustment and Income Inequality: Sub-national Evidence from Brazil
Azevedo, João Pedro; David, Antonio; Bastos, Fabiano … - International Monetary Fund (IMF) - 2014
We combine state-level fiscal data with household survey data to assess the links between sub-national fiscal policy and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter fiscal stance at the sub-national level is not associated with a deterioration in...
Persistent link: https://www.econbiz.de/10011123824
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The short-term impact of government budgets on prices: evidence from macroeconomic models
Henry, Jérôme; Hernández de Cos, Pablo; Momigliano, … - 2004
This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers' social security …
Persistent link: https://www.econbiz.de/10011604442
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An Empirical Analysis of Monetary and Fiscal Policy Interaction in India
Raj, Janak; K, Khundrakpam J; Das, Dipika - eSocialSciences - 2011
This study analyses the behaviour of monetary and fiscal policies interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that, even after the elimination of automatic monetisation of fiscal deficit in 1997 and prohibiting RBI from buying government securities in the primary...
Persistent link: https://www.econbiz.de/10009320271
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The short-term impact of government budgets on prices: evidence from macroeconomic models
Henry, Jérôme; Hernández de Cos, Pablo; Momigliano, … - European Central Bank - 2004
This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers' social security …
Persistent link: https://www.econbiz.de/10005222300
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Housing and tax policy
Alpanda, Sami; Zubairy, Sarah - 2013
frictions in the form of collateral constraints tied to house prices, and a rental housing market alongside owner …
Persistent link: https://www.econbiz.de/10010335678
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Analyzing fiscal sustainability
Bi, Huixin; Leeper, Eric M. - 2013
The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country's fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. A real business cycle model maps the...
Persistent link: https://www.econbiz.de/10010319662
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Uncertain Fiscal Consolidations
Bi, Huixin; Leeper, Eric M.; Leith, Campbell - Bank of Canada - 2013
The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax- or spending-based - are uncertain. We find that the composition of the fiscal consolidation, its duration, the monetary policy stance, the level of government debt, and...
Persistent link: https://www.econbiz.de/10010849954