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The impact of fiscal policy on profits
Katsimē, Margarita; Sarantides, Vassilis - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries … during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …
Persistent link: https://www.econbiz.de/10003898835
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The Impact of Fiscal Policy on Profits
Katsimi, Margarita - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries … during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …
Persistent link: https://www.econbiz.de/10013154254
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The Impact of Fiscal Policy on Profits
Katsimi, Margarita; Sarantides, Vassilis - CESifo - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries … during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …
Persistent link: https://www.econbiz.de/10008596594
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Effects of public investment on sectoral private investment: A factor augmented VAR approach
Fujii, Takao; Hiraga, Kazuki; Kozuka, Masafumi - In: Journal of the Japanese and International Economies 27 (2013) C, pp. 35-47
Public investment decreases aggregate private investment in both neoclassical and Keynesian models. There are no findings, however, on how public investment affects private investment on a disaggregated basis, such as sectoral private investment. More specifically, previous research has...
Persistent link: https://www.econbiz.de/10010869522
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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10012801569
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The output effect of fiscal consolidation plans
Alesina, Alberto; Favero, Carlo A.; Giavazzi, Francesco - 2014 - This version: October 2014
We show that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of a multi year fiscal plan rather than of individual fiscal shocks. Simulation of fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the effects of...
Persistent link: https://www.econbiz.de/10010463614
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Consolidating the Covid debt
Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021
One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...
Persistent link: https://www.econbiz.de/10012796971
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Do expectations matter? : reassessing the effect of government spending on key macroeconomic variables in Germany
Gründler, Klaus; Sauerhammer, Sarah - 2016
This paper investigates the effects of government spending on key macroeconomic variables in Germany. It contributes to the ongoing debate on how to properly identify exogenous fiscal shocks in the data and on whether or not the government should intervene in the business cycle. Following Ramey...
Persistent link: https://www.econbiz.de/10011525541
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The quality of public finances
Thöne, Michael - 2022
The concept of the "quality of public finances" (QPF) covers many qualitative and structural issues of fiscal policy. This chapter traces the origins of the concept of QPF to the Lisbon Strategy and the subsequent EPC Working Group on "Quality of Public Finances" (2004‐2007). At its core, the...
Persistent link: https://www.econbiz.de/10013188102
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The macroeconomic effects of government spending shocks in New Zealand
Lyu, Yifei - 2021
This paper estimates the macroeconomic effects of government spending shocks in New Zealand. Using a structural vector autoregression (SVAR) model, I find small output multipliers for government consumption but large multipliers for government investment. Importantly, the real exchange rate...
Persistent link: https://www.econbiz.de/10012548884