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The macroeconomic effects of fiscal consolidation in dynamic general equilibrium

Schwarzmüller, Tim; Wolters, Maik H. - 2014

We provide a systematic analysis of fiscal consolidation in a medium-scale dynamic general equilibrium model. Our results show that the choice of the consolidation instrument is very important, not only with respect to the short- and long-run output effects of the different consolidation...

Persistent link: https://www.econbiz.de/10010416675

Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis

Belke, Ansgar; Goemans, Pascal - 2019 - First draft: December 18, 2018, this draft: September 8, 2019

We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...

Persistent link: https://www.econbiz.de/10012268062

Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis

Belke, Ansgar; Goemans, Pascal - 2019

Persistent link: https://www.econbiz.de/10012116248

The impact of the shadow economy on the direct-indirect tax mix : can central banks’ independence mitigate the effect?

Dokas, Ioannis; Panagiotidis, Minas; Papadamou, Stephanos; … - In: Journal of policy modeling : JPMOD ; a social science … 46 (2024) 3, pp. 475-493

Persistent link: https://www.econbiz.de/10015051601

Fiscal sustainability in CEE countries - the case of the Czech Republic, Hungary and Poland

Mackiewicz-Łyziak, Joanna - 2014

existence of fiscal dominance in these countries in the context of the fiscal theory of the price level. The empirical study is … conducted using unit root tests and cointegration analysis with possible structural breaks. The approach is consistent with so …

Persistent link: https://www.econbiz.de/10012002026

Laffer curves and fiscal multipliers : lessons from Mélèze model

Campagne, Benoît; Poissonnier, Aurélien - 2016

Persistent link: https://www.econbiz.de/10011527260

Fiscal calculus in a New Keynesian model with labor market frictions

Campolmi, Alessia; Faia, Ester; Winkler, Roland - 2011

calibrated model are also confirmed through Bayesian estimation. -- fiscal calculus ; taxation ; matching frictions ; bayesian … estimation. …

Persistent link: https://www.econbiz.de/10009157603

Calculating government consumption multipliers in New Zealand using an estimated DSGE model

Binning, Andrew - 2024

Fiscal multipliers provide a way of quantifying the GDP gain for a given (discretionary) fiscal policy intervention. I compute government consumption multipliers for New Zealand, in normal times and when monetary policy is constrained at the effective lower bound, using an estimated...

Persistent link: https://www.econbiz.de/10014533165

Changes in the Composition of Tax Revenues : Implications for Monetary and Fiscal Policy

Gomis-Porqueras, Pedro; Moslehi, Solmaz; Zhou, Xuan - 2022

This paper examines how the composition of tax revenues affects monetary and fiscal policy interactions. To do so, we consider an environment where households' wages and interest income as well as firms' profits are taxed. To implement policy, the government follows a Taylor rule and a fiscal...

Persistent link: https://www.econbiz.de/10014082666

Parameter heterogeneity, persistence and cross-sectional dependence : new insights on fiscal policy reaction functions for the Euro area

Golinelli, Roberto; Mammi, Irene; Musolesi, Antonio - 2018 - This version: March 31st, 2018

policy and public debt. The aim of this paper is to address the challenges posed by the estimation of the discretionary … fiscal reaction function for the Euro area. We exploit recently introduced testing and estimation strategies for …. We find evidence of strong cross-sectional dependence in the panel, and clear support to a valid cointegration …

Persistent link: https://www.econbiz.de/10011813607