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An estimated fiscal Taylor rule for the postwar United States
Reicher, Christopher Phillip - 2011
using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal … response to debt, while authorities seem reluctant to adjust transfers. As expected, taxes are highly procyclical; purchases … the recent discussion about spending reversals is highly relevant. …
Persistent link: https://www.econbiz.de/10010274430
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An estimated fiscal Taylor Rule for the postwar United States
Reicher, Christopher Phillip - In: Economics Letters 114 (2012) 3, pp. 319-321
strongly to deficits, while transfers do not. Taxes are procyclical; purchases are acyclical; and transfers are countercyclical …This paper estimates a multi-instrument fiscal Taylor Rule for the United States. Taxes and purchases both respond …
Persistent link: https://www.econbiz.de/10010572224
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A set of estimated fiscal rules for a cross section of countries: Stabilization and consolidation through which instruments?
Reicher, Christopher Phillip - 2013
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10010319101
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A set of estimated fiscal rules for a cross section of countries : stabilization and consolidation through which instruments?
Reicher, Christopher Phillip - 2013
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10009782452
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A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments?
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2013
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10010886930
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A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments?
Reicher, Claire - In: Journal of Macroeconomics 42 (2014) C, pp. 184-198
Not much cross-country evidence exists on the time-series behavior of individual fiscal instruments in response to the public debt and to output. To remedy this situation, this study provides a set of detailed estimated fiscal reaction functions (or “fiscal rules”) governing these responses...
Persistent link: https://www.econbiz.de/10011117991
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Fiscal Taylor rules in the postwar United States
Reicher, Christopher Phillip - 2009
stabilize its debt through adjustments to purchases and taxes, in that order, with very little stabilization coming through …
Persistent link: https://www.econbiz.de/10010276372
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Fiscal Taylor Rules in the Postwar United States
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2009
stabilize its debt through adjustments to purchases and taxes, in that order, with very little stabilization coming through …
Persistent link: https://www.econbiz.de/10005818814
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Systematic fiscal policy and macroeconomic performance : a critical overview of the literature
Boeing-Reicher, Claire - 2014
countercyclical transfer payments. Consolidation in response to the debt has come primarily through adjustments to taxes and possibly …
Persistent link: https://www.econbiz.de/10010373780
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Systematic fiscal policy and macroeconomic performance : a critical overview of the literature
Boeing-Reicher, Claire - 2014
countercyclical transfer payments. Secondly, consolidation in response to the debt has come primarily through adjustments to taxes and …
Persistent link: https://www.econbiz.de/10010425062