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Effectiveness of countercyclical fiscal policy : evidence from developing Asia

Jha, Shikha; Mallick, Sushanta Kumar; Park, Donghyun; … - In: Journal of macroeconomics 40 (2014), pp. 82-98

Persistent link: https://www.econbiz.de/10010495750

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier - 1999

This paper characterizes the dynamic effects of shocks in government spending and taxes on economic activity in the United States in the post-war period. It does so by using a mixed structural VAR/event study approach. Identification is achieved by using institutional information about the tax...

Persistent link: https://www.econbiz.de/10012471521

The dynamic response of municipal budgets to revenue shocks

Helm, Ines; Stuhler, Jan - 2021

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...

Persistent link: https://www.econbiz.de/10012514567

The dynamic response of municipal budgets to revenue shocks

Helm, Ines; Stuhler, Jan - 2021

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...

Persistent link: https://www.econbiz.de/10012518088

Tax and spending shocks in the open economy : are the deficits twins?

Klein, Mathias; Linnemann, Ludger - In: European economic review : EER 120 (2019), pp. 1-14

Persistent link: https://www.econbiz.de/10012264041

Tax and spending shocks in the open economy : are the deficits twins?

Klein, Mathias; Linnemann, Ludger - 2019

We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits. In particular, the negative response of...

Persistent link: https://www.econbiz.de/10012098529

Tax and spending shocks in the open economy : are the deficits twins?

Klein, Mathias; Linnemann, Ludger - 2019

Persistent link: https://www.econbiz.de/10012102659

Opening the red budget box : nonlinear effects of a tax shock in the UK

Colombo, Valentina - 2020

This paper studies the real effects of an exogenous UK tax change in recessions and expansions. The tax shock is … regressions (Granger and Teräsvirta, 1994), tax policy shock is found to affect UK macroeconomic variables depending on the phase … of the business cycle the economy is when tax shock occurs. An exogenous tax cut in recessions triggers a large …

Persistent link: https://www.econbiz.de/10012164687

Top-down vs. bottom-up? : reconciling the effects of tax and transfer shocks on output

Gechert, Sebastian; Paetz, Christoph; Villanueva, Paloma - 2017

Persistent link: https://www.econbiz.de/10011784274

Fiscal stimulus in the European Union to stabilize the COVID shock

Menguy, Séverine - In: Journal of economic integration : jei 37 (2022) 4, pp. 559-588

Persistent link: https://www.econbiz.de/10013502729