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Effects of Fiscal Policy in a Small Open Economy: Evidence of Croatia
Deskar-Škrbić, Milan; Šimović, Hrvoje; Ćorić, Tomislav - Ekonomski Fakultet, Sveučilište u Zagrebu - 2013
In this paper we use structural VAR model to analyze dynamic effects of fiscal shocks on economic activity in Croatia … from 2000Q1-2012Q2. Due to the fact that Croatia is a small open economy we assume that shocks of foreign origination can … attempt of estimating size of fiscal multipliers in Croatia in open economy model. …
Persistent link: https://www.econbiz.de/10011006969
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Dynamic effects of fiscal policy and fiscal multipliers in Croatia
Simovic, Hrvoje; Deskar-Skrbic, Milan - In: Zbornik radova Ekonomskog fakulteta u … 31 (2013) 1, pp. 55-78
to estimate the size of fiscal multipliers in Croatia. Econometric framework is based on the structural VAR model (SVAR …
Persistent link: https://www.econbiz.de/10010776402
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Empirical assessment of stabilization effects of fiscal policy in Croatia
Gnip, Ana Grdović - Ekonomski Fakultet, Sveučilište u Zagrebu - 2013
The aim of this paper is to assess the stabilization effects of fiscal policy in Croatia in a structural vector … transmission mechanism in Croatia works mainly in a Keynesian manner. Output reacts negatively to a tax shock and positively to …
Persistent link: https://www.econbiz.de/10011006965
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Fiscal Responsibility and Economic Efficiency : A Functional Approach
Nwaobi, Godwin Chukwudum - 2009
In both developed and developing countries, there are basically two main sources of economic instability: exogenous shocks and inappropriate policies. Exogenous shock (terms-of-trade shocks, natural disasters and capital flow reversals) can throw an economy into disequilibrium and therefore...
Persistent link: https://www.econbiz.de/10012719609
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Constraints or opportunities? : labor informality and public investment in shaping debt limits
Méndez-Vizcaíno, Juan Camilo; Moreno-Arias, Nicolás - 2023
This paper presents a comprehensive framework examining fiscal sustainabil- ity in developing economies. It integrates public capital, labor informality, and global liquidity shocks in a two-sector DSGE model for a small open economy, revealing their intricate interplay and nonlinear impact on...
Persistent link: https://www.econbiz.de/10014546231
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The Economic Effects of Fiscal Policy : Further Evidence for Spain
Sosvilla-Rivero, Simon; Rubio-Guerrero, Juan J. - 2022
Previous research considered the impacts of fiscal policy on economic activity in Spain using Vector autoregression (VAR) models. In this paper, we contribute to the existing literature by making use of autoregressive distributed lag estimation procedures that present significant advantages over...
Persistent link: https://www.econbiz.de/10014077663
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A scientific note on the Italian Mini BOTs and the proposal of the CCCFs
Saccal, Alessandro - 2024
This note shows that the Italian Mini BOTs proposed in 2019 bore the potential neither to become Italian legal tender nor to practically increase Italian government debt, but to practically cause a mere reduction in taxation and thence in government spending or transfers. Since the Eurozone...
Persistent link: https://www.econbiz.de/10015076228
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Is Fiscal Policy Effective in Generating Higher Real Output? A Case of Pakistan
Najmi, Hafiq Saqib - 2016
Keeping in view the objective that is to observe the usefulness of fiscal policy on real GDP of Pakistan, the study collects time series data from 1976 to 2012 through reliable sources of statistical bureaus of Pakistan. Using Johansen Cointegration test, the long run results demonstrate...
Persistent link: https://www.econbiz.de/10013001675
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LESSONS LEARNED FROM TAX VERSUS EXPENDITURE BASED FISCAL CONSOLIDATION IN THE EUROPEAN TRANSITION ECONOMIES
MIRDALA, Rajmund - In: Journal of Applied Economic Sciences Quarterly VIII (2013) 1, pp. 73-98
European Union member countries are currently exposed to negative implications of the economic and debt crisis. Questions associated with disputable implications of fiscal incentives seem to be contrary to the crucial need of the effective fiscal consolidation that seems to be necessary to...
Persistent link: https://www.econbiz.de/10010747401
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Lessons Learned from Tax versus Expenditure Based Fiscal Consolidation in the European Transition Economies
Mirdala, Rajmund - Volkswirtschaftliche Fakultät, … - 2013
European Union member countries are currently exposed to negative implications of the economic and debt crisis. Questions associated with disputable implications of fiscal incentives seem to be contrary to the crucial need of the effective fiscal consolidation that is necessary to reduce...
Persistent link: https://www.econbiz.de/10011113068