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The output effects of tax changes : narrative evidence from Spain

Gil, Paula; Martí, Francisco; Pérez, Javier J.; … - 2017

Persistent link: https://www.econbiz.de/10011784413

Robustness report on "Discretionary tax changes and the macroeconomy: new narrative evidence from the United Kingdom", by James Cloyne (2013)

Kopecky, Joseph; Campbell, Douglas L.; Brodeur, Abel; … - 2024

Cloyne (2013) constructs a novel dataset documenting fiscal tax shocks in the United Kingdom using the narrative approach developed by Romer and Romer (2010), and estimates the impact of tax changes on GDP. He finds that a tax cut of one percent of GDP causes a 0.6 percent increase in output in...

Persistent link: https://www.econbiz.de/10014556602

Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries

Honda, Jiro - 2020

What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...

Persistent link: https://www.econbiz.de/10012831612

Macroeconomic effects of exogenous tax changes in a small open economy : narrative evidence from Croatia

Deskar-Škrbić, Milan; Grdović Gnip, Ana; Šimović, … - In: Post-communist economies 33 (2021) 6, pp. 681-709

Persistent link: https://www.econbiz.de/10012609388

News shocks in the data : olympic oames and their macroeconomic effects ; reply

Langer, Viktoria C. E.; Maennig, Wolfgang; Richter, Felix - 2015 - Version: June 2015

Recent analyses relate increases in the growth rate of countries to anticipation effects caused by bidding for the Olympic Games, so called news shocks. We argue that these findings should be interpreted cautiously. First, these analyses may suffer from an omitted variable bias because they...

Persistent link: https://www.econbiz.de/10011373571

The effects of legislated tax changes in Germany

Hayo, Bernd; Uhl, Matthias - 2011

autoregression (VAR) approach. Identification of the tax shock follows the narrative approach recently proposed by Romer and Romer …

Persistent link: https://www.econbiz.de/10009313156

The Output Effects of Tax Changes : Narrative Evidence from Spain

Gil, Paula - 2017

This paper estimates the GDP impact of legislated tax changes in Spain using a newly constructed narrative record for …

Persistent link: https://www.econbiz.de/10012955551

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

What are the effects of tax changes in the United Kingdom? : new evidence from a narrative evaluation

Cloyne, James - 2011

This paper estimates the effects of tax changes on the U.K. economy. Identification is achieved by isolating the "exogenous" tax policy shocks in the post-war U.K. economy using a narrative strategy as in Romer and Romer (2010). The resulting tax changes are shown to be unforecastable on the...

Persistent link: https://www.econbiz.de/10009124174

State-Dependent Local Projections : Understanding Impulse Response Heterogeneity

Cloyne, James; Jordà, Òscar; Taylor, Alan M. - National Bureau of Economic Research - 2023

An impulse response is the dynamic average effect of an intervention across horizons. We use the well-known Kitagawa-Blinder-Oaxaca decomposition to explore a response's heterogeneity over time and over states of the economy. This can be implemented with a simple extension to the usual local...

Persistent link: https://www.econbiz.de/10014226168

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