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Temporary VAT reduction during the lockdown : evidence from Germany
Clemens, Marius; Röger, Werner - 2021
This paper evaluates the temporary VAT reduction invoked by the German government over the third and fourth quarter of 2020 as part of the COVID-19 stimulus package. There is considerable controversy. Critics argue that VAT reductions are ineffective in the presence of lockdown measures in place...
Persistent link: https://www.econbiz.de/10013341661
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A snapshot of public finance research from immediately prior to the pandemic : IIPF 2020
Agrawal, David R.; Davies, Ronald B.; LaLumia, Sara; … - In: International tax and public finance 28 (2021) 5, pp. 1276-1297
Persistent link: https://www.econbiz.de/10012703957
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Covid-19 : what determines policy responses across europe?
Bengtsson, Elias - In: Crises and Uncertainty in the Economy, (pp. 3-18). 2022
Persistent link: https://www.econbiz.de/10014226892
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Public finance in the era of the COVID-19 crisis
Agrawal, David R.; Bütikofer, Aline - In: International tax and public finance 29 (2022) 6, pp. 1349-1372
Persistent link: https://www.econbiz.de/10013541991
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The effects of fiscal policy on households during the COVID-19 pandemic
Dzung Bui; Dräger, Lena; Hayo, Bernd; Giang Hong Nghiem - 2021
In response to the spillovers of the COVID-19 pandemic on the economy, many governments paid cash transfers to households. We examine the effect of this fiscal policy instrument on households in two emerging economies, Vietnam and Thailand. Our analysis is based representative population surveys...
Persistent link: https://www.econbiz.de/10013341750
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Covid-19 shock and fiscal-monetary policy mix in a monetary union
Bartocci, Anna; Notarpietro, Alessandro; Pisani, … - In: Economic Challenges for Europe After the Pandemic : …, (pp. 233-266). 2022
Persistent link: https://www.econbiz.de/10013440676
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Policy mix during a pandemic crisis : a review of the debate on monetary and fiscal responses and the legacy for the future
Ferrero, Giuseppe; Pisani, Massimiliano; Tasso, Martino - In: Economic Challenges for Europe After the Pandemic : …, (pp. 267-320). 2022
Persistent link: https://www.econbiz.de/10013440678
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Endogenous forward guidance
Chafwehé, Boris; Oikonomou, Rigas; Priftis, Romanos; … - 2019
commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2. From debt … consolidated budget) monetary policy becomes subservient to fiscal policy, giving rise to more volatile inflation, output and … interest rates. Liquidity trap (LT) episodes are longer, however, the impact of interest rate policy commitments on inflation …
Persistent link: https://www.econbiz.de/10012304687
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Active, or passive? : revisiting the role of fiscal policy in the Great Inflation
Ettmeier, Stephanie; Kriwoluzky, Alexander - 2019
We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...
Persistent link: https://www.econbiz.de/10012309706
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Balanced budget government spending in a small open regional economy
Lecca, Patrizio; McGregor, Peter G.; Swales, John Kim - 2012
Scotland is engaged in a lively and on-going debate on greater fiscal autonomy and independence, which is politically controversial, especially in respect of tax-varying powers. The Scottish Parliament has the power to make a balanced-budget adjustment in public expenditure by varying the basic...
Persistent link: https://www.econbiz.de/10011507604