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Getting into GEAR : German and the rest of Euro area fiscal policy during the crisis ; conference paper

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014

In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of the world and which is used by the Deutsche Bundesbank for policy analysis, to analyze how discretionary fiscal policy in Germany and the rest of EMU affected GDP growth and...

Persistent link: https://www.econbiz.de/10010486694

The role of fiscal policy rating variables on economic growth in the LDCs

Afonso, António; Blanco-Arana, M. Carmen - 2024

We assess empirically the role of the World Bank’s Country Policy so-called fiscal policy rating variables (fiscal rating, debt rating and revenue rating) on economic growth in the 46 Least Developed Countries (LDCs) in the world, during the period 1990-2022. We also investigate the role of...

Persistent link: https://www.econbiz.de/10014578575

How taxes and spending on education influence economic growth in Poland

Konopczyński, Michał - In: Contemporary economics 8 (2014) 3, pp. 329-347

This paper investigates the relationship between economic growth in Poland and four types of taxes and human capital investment. We primarily rely on an exogenous growth model that merges the Mankiw-Romer-Weil model, augmented with learning-by-doing and spillover-effects, with selected elements...

Persistent link: https://www.econbiz.de/10010414741

Optimal threshold taxation : an empirical investigation for developing economies

Menescal, Lucas; Alves, José - 2022

In this empirical study we assess both linear and nonlinear relationship between total taxation and several tax items with real per capita GDP growth rates for 43 developing countries between 1990 and 2019. We use panel data techniques to evaluate the effects of taxation on economic growth for...

Persistent link: https://www.econbiz.de/10013255645

A note on automation, stagnation, and the implications of a robot tax

Gasteiger, Emanuel; Prettner, Klaus - 2017

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...

Persistent link: https://www.econbiz.de/10011668997

Delays in public goods

Chatterjee, Santanu; Posch, Olaf; Wesselbaum, Dennis - 2017

In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...

Persistent link: https://www.econbiz.de/10011602807

Public debt in the "new normal" : a Schumpeterian perspective on fiscal policy

Bofinger, Peter - 2022

's growth theory shows that credit-financed investment, which leads to an innovative use of existing resources, plays a decisive … neoclassical theory, which assigns the state merely the role of a capital destroyer. But it also offers a broader perspective than … that of monetary Keynesian theory, including MMT, in which government debt is seen to serve only to produce full employment …

Persistent link: https://www.econbiz.de/10013466735

The fiscal footprint of macroprudential policy

Reis, Ricardo - 2020

Monetary policy leaves a fiscal footprint. In some circumstances, relieving the fiscal burden becomes the main goal of policy, and inflation control is subordinate. This article notes that the same is true of macroprudential policy, and it characterizes the size and sign of its fiscal footprint,...

Persistent link: https://www.econbiz.de/10012222608

Unconventional monetary policy or automatic stabilizers? : a financial post-Keynesian comparison

Nair, Nitin - 2023

employment. Theory decides the nature and kind of policy, and the underlying mechanics that result in expansion. Keynes (1964 …) brings money and a monetary production economy to the forefront of economic analysis, yet in the General Theory, he is …

Persistent link: https://www.econbiz.de/10014320884

The effects of fiscal policy on non-oil economic growth

Hasanov, Fakhri J.; Mammadov, Fuad; Al-Musehel, Nayef - In: Economies : open access journal 6 (2018) 2, pp. 1-21

We investigate non-oil sector effects of fiscal policy in Azerbaijan over a long time period in which a recent low oil prices sample is incorporated. To obtain robust empirical findings, we use different test and estimation methods as well as address small-sample bias issues in the extended...

Persistent link: https://www.econbiz.de/10011853814