Showing 1 - 10 of 15,322
We study the opportunistic political budget cycle in the London Metropolitan Boroughs between 1902 and 1937 under two different suffrage regimes: taxpayer suffrage (1902-1914) and universal suffrage (1921-1937). We argue and find supporting evidence that the political budget cycle operates...
Persistent link: https://www.econbiz.de/10010237194
economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …
Persistent link: https://www.econbiz.de/10011511068
Persistent link: https://www.econbiz.de/10001845306
economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …
Persistent link: https://www.econbiz.de/10013319655
economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …
Persistent link: https://www.econbiz.de/10001900202
This paper documents time variation in domestic fiscal policy multipliers in Germany, the UK and the US, and in cross …-border fiscal spillovers from Germany to the seven largest European Union economies. We propose two VAR models which incorporate … find that the domestic impact of tax shocks has been positive but vanishing for Germany and the US, stably not significant …
Persistent link: https://www.econbiz.de/10012730000
We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an alternative Orthodox model; the models have a reduced...
Persistent link: https://www.econbiz.de/10010202214
We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an alternative Orthodox model; the models have a reduced...
Persistent link: https://www.econbiz.de/10010413736
. Then, we turn to study the cross-border spill-overs of fiscal shocks via the trade channel. Fiscal expansions in Germany …
Persistent link: https://www.econbiz.de/10013319390
.K., Germany and Italy, for the period 1980:4-2009:4, encompassing macro, fiscal and financial variables. The results show that (i …
Persistent link: https://www.econbiz.de/10009152600