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A rapid increase in household debt is undeniably a main concern among policymakers. Studies indicating the damaging … effect of rapid rise in household debt towards economic growth attracted many researchers to determine its reasons. The risk … from high household debt is not only applicable to advanced economies, but also inherent in emerging economies. Thus, the …
Persistent link: https://www.econbiz.de/10012650188
sample of 61 advanced and emerging and developing countries, using panel techniques. Since the purpose is to assess the …
Persistent link: https://www.econbiz.de/10011785345
sample of 61 advanced and emerging and developing countries, using panel techniques. Since the purpose is to assess the …
Persistent link: https://www.econbiz.de/10011111273
We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
Persistent link: https://www.econbiz.de/10012162382
We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
Persistent link: https://www.econbiz.de/10012157972
Locating the appropriate degree of interaction between fiscal and monetary policy plays an important role in ensuring economic stability. Their joint impact is, however, still unclear. We observe significant differences in the transmission of shocks, in particular between the Great Recession and...
Persistent link: https://www.econbiz.de/10013073633
The purpose of this paper is to present an approach with regard to the dynamic process of the general equilibrium during the business cycle fluctuations following monetary and fiscal interventions, which, I think, could contribute to bridging the differences between the different schools of...
Persistent link: https://www.econbiz.de/10013053400
Structural VAR and Structural VEC models were estimated for Chile and Colombia, aiming at identifying fiscal policy shocks in both countries between 1990 and 2005. The impulse responses obtained allow the calculation of a peso-for-peso ($/$) effect on output of a shock to public spending and to...
Persistent link: https://www.econbiz.de/10013110678
This paper uses Structural Vector Autoregressive (SVAR) models to study the effectiveness of fiscal policy in stabilizing the real GDP. To do so, it first addresses the cyclicality of fiscal policy in Egypt since the early 1980s. Then, it tackles the fiscal dominance. Once the stage is prepared,...
Persistent link: https://www.econbiz.de/10013110805
Persistent link: https://www.econbiz.de/10012652852