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Fiscal consolidation in Europe : pre- and post-Maastricht
Kamps, Christophe - 2001
Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …
Persistent link: https://www.econbiz.de/10011474247
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Fiscal Consolidation in Europe : Pre- and Post-Maastricht
Kamps, Christophe - 2005
Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …
Persistent link: https://www.econbiz.de/10014064008
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Fiscal Consolidation in Europe: Pre- and Post-Maastricht
Kamps, Christophe - 2001
Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …
Persistent link: https://www.econbiz.de/10010260473
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Fiscal Policy and the Distribution of Consumption Risk
Croce, Mariano (Max) Massimiliano - 2018
preferences, and (ii) growth is endogenously sustained through innovations whose market value depends on the tax system. By … reallocating tax distortions through debt, fiscal policy alters both the composition of intertemporal consumption risk and the … incentives to innovate. Tax policies aimed at short-run stabilization may substantially increase long run tax and growth risks …
Persistent link: https://www.econbiz.de/10012940423
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How Big are Fiscal Multipliers in Latin America?
Restrepo, Jorge - 2020
common in the literature. It finds that, contrary to the peak and through multipliers reported by BP, the cumulative tax …
Persistent link: https://www.econbiz.de/10012840611
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Fiscal sustainability hypothesis test in Central and Eastern Europe : a panel data perspective
Owusu, Benjamin - In: Central European economic journal 8 (2021) 55, pp. 285-312
This paper assesses the fiscal sustainability hypothesis for 10 Central and Eastern European countries (CEEC) between 1997 and 2019. The study adopts very recent panel econometric techniques which accounts for issues of structural breaks and cross-sectional dependence in the data generating...
Persistent link: https://www.econbiz.de/10012799226
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Fiscal sustainability hypothesis test in Central and Eastern Europe : a panel data perspective
Owusu, Benjamin - 2021
This paper assesses the fiscal sustainability hypothesis for 10 Eastern and Central European countries (CEEC) between 1997 and 2019. The study adopts very recent panel econometric techniques which accounts for issues of structural breaks and cross-sectional dependence in the data generating...
Persistent link: https://www.econbiz.de/10012698675
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The Cost of COVID-19 : A Rough Estimate of the 2020 U.S. GDP
Makridis, Christos - 2020
This paper provides an early estimate of the economic effects of the national quarantine policy associated with the COVID-19 pandemic in the United States. Using a measure of digital intensity from Gallipoli and Makridis (2018), we exploit counties' exposure to industries that vary in their...
Persistent link: https://www.econbiz.de/10012838987
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Fertility, Income Inequality, and Labour Productivity
Guest, Ross S. - 2010
There is mounting evidence of a complex system of multi-directional links between fertility, productivity and inequality. The contribution of this study is a multi-country analysis of these three variables as a simultaneous system in a VECM framework using annual time series data for the UK,...
Persistent link: https://www.econbiz.de/10012758318
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Public Goods, Merit Goods, and the Relation between Private and Government Consumption
Fiorito, Riccardo; Kollintzas, Tryphon - 2002
In this paper, we investigate the relation between public and private consumption, by constructing a general government spending data set, by function, for twelve European Union countries. In particular, we split government consumption into two categories. The first category includes defense,...
Persistent link: https://www.econbiz.de/10014110706