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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

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

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

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

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

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

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

The macroeconomic effects of government spending shocks in New Zealand

Lyu, Yifei - 2021

This paper estimates the macroeconomic effects of government spending shocks in New Zealand. Using a structural vector autoregression (SVAR) model, I find small output multipliers for government consumption but large multipliers for government investment. Importantly, the real exchange rate...

Persistent link: https://www.econbiz.de/10012548884

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

Fiscal Policy Shocks in the Euro Area and the US : An Empirical Assessment

Burriel, Pablo - 2009

we analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. to allow for comparability with previous results on euro area countries and the us, we use a standard structural var framework, and...

Persistent link: https://www.econbiz.de/10013152939