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Fiscal Austerity Measures: Spending Cuts vs. Tax Increases

Glomm, Gerhard; Jung, Juergen; Tran, Chung - Department of Economics, Towson University - 2013

We formulate an overlapping generations model with skill heterogeneity and productive and non-productive government programs to study the macroeconomic and intergenerational welfare effects caused by risk premium shocks and government debt reductions. We demonstrate that in a small open economy...

Persistent link: https://www.econbiz.de/10010739174

Fiscal Austerity Measures: Spending Cuts vs. Tax Increases

Glomm, Gerhard; Jung, Juergen; Tran, Chung - College of Business and Economics, Australian National … - 2012

international capital markets strongly influence the effects of fiscal austerity. Larger growth and welfare effects are observed …

Persistent link: https://www.econbiz.de/10011107150

A macroeconomic analysis of energy subsidies in a small open economy

Glomm, Gerhard; Jung, Jürgen - In: Economic inquiry : journal of the Western Economic … 53 (2015) 4, pp. 1783-1806

Persistent link: https://www.econbiz.de/10011458778

What do states do with fiscal windfalls? : evidence from the pandemic

Clemens, Jeffrey; Giesecke, Oliver; Rauh, Joshua; … - 2024 - Updated February 2024

Using variation in federal pandemic-era fiscal aid to states driven by the strength of political representation, we find that incremental pandemic-era fiscal aid to states was most likely to end up in the categories of general administrative service spending and employee pension benefit funding....

Persistent link: https://www.econbiz.de/10014481119

Comparing Budget Repair Measures for a Small Open Economy with Growing Debt

Kudrna, George - 2016

In this study, we quantify the macroeconomic and welfare effects of alternative fiscal consolidation plans in the context of a small open economy. Using a computable overlapping generations model tailored to the Australian economy, we examine immediate and gradual eliminations of the existing...

Persistent link: https://www.econbiz.de/10012977436

The Evaluation of Pension Reforms in the Public Sector : A Case Study of the Paris Subway Drivers

Jaaidane, Touria; Gary-Bobo, Robert J. - 2021

To evaluate pension reforms in public services, we put forward a simple criterion, the actuarial cost of a worker, per year of service. This measure of cost is the expected, discounted sum of net real wages and pension benefits, earned by a worker over his entire life cycle, divided by the...

Persistent link: https://www.econbiz.de/10013315540

The evaluation of pension reforms in the public sector : a case study of the Paris subway drivers

Jaaidane, Touria; Gary-Bobo, Robert - 2015

Persistent link: https://www.econbiz.de/10011292975

Macroeconomic effects of public-sector unions

Vasilev, Aleksandar - 2015

-sector wage premia observed in Europe, this paper examines the importance of public-sector unions for macroeconomic theory. The …

Persistent link: https://www.econbiz.de/10011514579

Monetary-fiscal policies interactions and optimal rules in Egypt

Al-Shawarby, Sherine H.; Mossallamy, Mai el - In: Review of economics and political science : REPS 4 (2019) 2, pp. 138-157

) model for Egypt using Bayesian techniques and data for the period FY2004/2005:Q1-FY2015/2016:Q4 to assess monetary and … and Kirsanova, 2010 and Çebi, 2011). The model is calibrated using quarterly data for Egypt on key macroeconomic variables … and fiscal policy instruments in Egypt contribute to economic stability through their effects on inflation, output and …

Persistent link: https://www.econbiz.de/10012159965

Retirement and Wealth

Gustman, Alan L. - 2003

Using data from the Health and Retirement Study, we estimate reduced form retirement and wealth equations. The retirement equation relates the probability of retiring to the quot;premium valuequot;, a forward looking measure of the future value of pensions and social security that better...

Persistent link: https://www.econbiz.de/10012786844