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Empirical Studies on Public Debt and Fiscal Transfers
Reischmann, Markus Josef - 2016
This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an … budget deficits and the change in public debt). Governments can engage in creative accounting to hide borrowing and sugarcoat … were established. It discusses the extent to which the new German debt brake limits the borrowing of special funds and …
Persistent link: https://www.econbiz.de/10011698353
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Fiscal shocks and real exchange rate dynamics: some evidence for Latin America
Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - 2008
This paper analyses the effects of fiscal shocks using a two-country macroeconomic model for output, labour input, government spending and relative prices which provides the orthogonality restrictions for obtaining the structural shocks. Dynamic simulation techniques are then applied, in...
Persistent link: https://www.econbiz.de/10010264312
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What are the effects of fiscal policy shocks?
Mountford, Andrew (contributor); Uhlig, Harald (contributor) - 2005
We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Unlike most of the previous literature this approach does not require that the contemporaneous reaction of some variables to fiscal policy shocks be set to zero or need additional...
Persistent link: https://www.econbiz.de/10003147823
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What are the Effects of Fiscal Policy Shocks?
Uhlig, Harald; Mountford, Andrew - 2008
We investigate the effects of fiscal policy surprises for US data, using vector autoregressions. We overcome the difficulties that changes in fiscal policy may manifest themselves in variables other than fiscal variables first and that fiscal variables may respond "automatically" to business...
Persistent link: https://www.econbiz.de/10014118576
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What are the effects of fiscal policy shocks?
Mountford, Andrew; Uhlig, Harald - 2005
We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Unlike most of the previous literature this approach does not require that the contemporaneous reaction of some variables to fiscal policy shocks be set to zero or need additional...
Persistent link: https://www.econbiz.de/10010263594
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The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn's (1998) approach through Schlicht's (2003)...
Persistent link: https://www.econbiz.de/10014313459
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Monetary policy surprise shocks under different fiscal regimes : a panel analysis of the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
response the debt is more important in the effect of monetary policy, for prices, the "Ricardian" nature of fiscal policy … appears to be far more crucial. However, regarding inflation targeting, monetary policy is most effective in the low debt …
Persistent link: https://www.econbiz.de/10014336399
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The empirical modelling of house prices and debt revisited : a policy-oriented perspective
Boug, Pål; Hungnes, Håvard; Kurita, Takamitsu - 2021
debt with a policy-oriented perspective using Norwegian data over the last four decades within the cointegrated VAR model …. Applying a control analysis, we find that both house prices and debt are controllable magnitudes to some pre-specified target …
Persistent link: https://www.econbiz.de/10012800701
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Sustainability of Portuguese fiscal policy in historical perspective
Marinheiro, Carlos Jose Fonseca - 2005
This paper analyses the sustainability of Portuguese public finances, making use of a long dataset with more than a full century of observations. The use of such a long dataset is appropriate because both unit root and cointegration tests require a long period of data. The sustainability testing...
Persistent link: https://www.econbiz.de/10010275771
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Fiscal policy in real time
Cimadomo, Jacopo - 2008
economic cycle and to public debt accumulation. It emerges that the intended cyclical behavior of fiscal policy is …
Persistent link: https://www.econbiz.de/10011604965