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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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Fiscal policy spillovers in a monetary union
Lozej, Matija; Walsh, Graeme - In: Open economies review 32 (2021) 5, pp. 1089-1117
Persistent link: https://www.econbiz.de/10013171903
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Endogenous forward guidance
Chafwehé, Boris; Oikonomou, Rigas; Priftis, Romanos; … - 2019
We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the...
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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Uncertainty and the effectiveness of fiscal policy in the United States and Brazil : SVAR approach
Rodrigues, Eduardo de Sá Fortes Leitão - In: The world economy : the leading journal on … 47 (2024) 1, pp. 238-267
Persistent link: https://www.econbiz.de/10014480819
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Fiscal rules and fiscal policy in Brazil
Albuquerque, Ana Teresa Holanda de - In: Rules and institutions for sound fiscal policy after …, (pp. 55-73). 2012
Persistent link: https://www.econbiz.de/10010376162
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The quality of fiscal adjustment and the long-run growth impact of fiscal policy in Brazil
Blanco, Fernando; Herrera Aguilera, Santiago - In: Fiscal policy : current issues and challenges ; papers …, (pp. 377-414). 2008
Persistent link: https://www.econbiz.de/10010380804
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Fiscal income inequalities and efficiency : evidence from Brazilian municipalities : ERSA 2012 Congress, from 21 to 25 August, Bratislava, Slovak Republic
Furtado, Bernardo Alves - 2012
Distribution of fiscal income among municipalities - which are constitutionally federal official entities in Brazil … have to commute back to employment opportunities. As a result, urban landscape in Brazil is far from homogeneous displaying … municipalities out of 5565 ones in Brazil. Secondly, this paper describes and characterizes the pairs of neighboring municipalities …
Persistent link: https://www.econbiz.de/10011509225
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Laws for fiscal responsibility for subnational discipline : international experience
Liu, Lili; Webb, Steven Benjamin - In: Rules and institutions for sound fiscal policy after …, (pp. 115-170). 2012
Persistent link: https://www.econbiz.de/10010462350
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Fiscal policy, income redistribution and poverty reduction in Latin America: Bolivia, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Mexico, Peru and Uruguay
Lustig, Nora - In: Contemporary issues in development economics, (pp. 11-18). 2016
Persistent link: https://www.econbiz.de/10011415364