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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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Fiscal adjustments and the asymmetric effect of oil shocks
Valencia, Oscar M.; Gamboa-Arbelaez, Juliana; Sánchez, … - 2025
adjustments and an asymmetry in oil shock effects. Supply shocks reduce the probability of fiscal adjustments, while demand shocks …
Persistent link: https://www.econbiz.de/10015197811
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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 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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Changing impact of fiscal policy on selected ASEAN countries
Hsiao Chink Tang; Liu, Philip; Cheung, Eddie C. - 2010
This paper investigates the effectiveness of fiscal policy in five Association of Southeast Asian Nations (ASEAN) of Indonesia, Malaysia, the Philippines, Singapore and Thailand. Through a structural vector autoregression (VAR) model, government spending is found to have weak and largely...
Persistent link: https://www.econbiz.de/10010529696
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The impact of product and labour market reform on growth : evidence for OECD countries based on local projections
Haan, Jakob de; Wiese, Rasmus - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012238489
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Would Population Aging Change the Output Effects of Fiscal Policy?
Honda, Jiro - 2020
Would population aging affect the effectiveness of fiscal stimulus? Despite the renewed focus on population aging, there are few empirical studies on the output effects of fiscal policy in aging economies. Our study fills this gap by analyzing this issue in OECD countries. We find that, as...
Persistent link: https://www.econbiz.de/10012828221
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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...
Persistent link: https://www.econbiz.de/10012649097
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Identifying shocks via time-varying volatility
Lewis, Daniel J. - 2018
An n-variable structural vector auto-regression (SVAR) can be identified (up to shock order) from the evolution of the … process. I propose a new identification argument that identifies the SVAR up to shock orderings using the autocovariance … structure of second moments of the residuals implied by an arbitrary stochastic process for the shock variances. These higher …
Persistent link: https://www.econbiz.de/10011926201
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Size effects of fiscal policy and business confidence in the Euro area
Michail, Nektarios A.; Savva, Christos S.; Koursaros, … - In: International Journal of Financial Studies : open … 5 (2017) 4, pp. 1-15
Euro Area economies to a one percent shock in government consumption and business confidence. The evidence suggests that … even though the response to a government consumption shock is strong, a shock in expectations has an even greater effect …
Persistent link: https://www.econbiz.de/10011760247