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Identifying Fiscal Shocks and Policy Regimes in OECD Countries
De Arcangelis, Giuseppe; Lamartina, Serena - 2021
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and …
Persistent link: https://www.econbiz.de/10013319568
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Identifying fiscal shocks and policy regimes in OECD countries
Arcangelis, Giuseppe de; Lamartina, Serena - 2003
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and …
Persistent link: https://www.econbiz.de/10009635887
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The Effects of Fiscal Shocks with Debt-Stabilizing Budgetary Policies in Italy
Caprioli, Francesco - 2012
We study the effects of fiscal policy on macroeconomic developments in Italy over the period 1982-2010 with a …
Persistent link: https://www.econbiz.de/10013110280
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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
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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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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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Fiscal adjustments : lessons from and for the Baltic states
Klyvienė, Violeta; Jakaitienė, Audronė - In: Baltic journal of economics 22 (2022) 1, pp. 1-27
This paper aims to investigate the effects of various fiscal policy measures for small and open economies by analysing the implications of fiscal shocks in the Baltic countries based on data for the period from 1995 to 2018. For this purpose, we have chosen structural VAR estimation methods...
Persistent link: https://www.econbiz.de/10013347151
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Anticipated and unanticipated fiscal shocks in an estimated DSGE model for the Brazilian economy
Cavalcanti, Marco Antônio Freitas de Hollanda; Vereda, … - 2023
We estimate a DSGE model for Brazil that includes both anticipated and unanticipated fiscal shocks. The model contains a relatively detailed public sector, which allows us to investigate the effects of anticipation for a much wider array of fiscal instruments than previously considered in the...
Persistent link: https://www.econbiz.de/10014428792