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This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
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been viewed as a critical policy turning point towards protection and de-linking from the world economy. This paper shows … source, as a protective device for special interests, and as the result of other political economy struggles. We conclude by …
Persistent link: https://www.econbiz.de/10012469715
been viewed as a critical policy turning point towards protection and de-linking from the world economy. This paper shows … source, as a protective device for special interests, and as the result of other political economy struggles. We conclude by …
Persistent link: https://www.econbiz.de/10013217192
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This paper examines the effect of fiscal policy on financial markets over a long span of 125 years. Unlike existing studies that mainly focus on monetary policy shocks and model-based identification of fiscal policy shocks, we use a time-varying parameter model to study the effect of fiscal...
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