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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …
Persistent link: https://www.econbiz.de/10012801569
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The Macroeconomic Effects of Funding U.S. Infrastructure
Malley, James R.; Philippopoulos, Apostolis - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …
Persistent link: https://www.econbiz.de/10013307758
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The impact of fiscal policy on profits
Katsimi, Margarita; Sarantides, Vassilis - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10010274386
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Implementing the golden rule for public investment in Europe : safeguarding public investment and supporting the recovery
Truger, Achim - 2015
Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...
Persistent link: https://www.econbiz.de/10011336549
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The impact of fiscal policy on profits
Katsimē, Margarita; Sarantides, Vassilis - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10003898835
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Is Fiscal Policy Alone Enough for Growth? A Simulation Analysis for Bolivia
Machicado, Carlos Gustavo - 2018
This paper develops a dynamic stochastic general equilibrium (DSGE) model to analyze the growth effects of fiscal policy in Bolivia. It is a multi-sector model with five representative sectors for the Bolivian economy: Non-tradables, importables, hydrocarbons, mining and agriculture. Public...
Persistent link: https://www.econbiz.de/10012940440
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The macroeconomic effects of government spending shocks in New Zealand
Lyu, Yifei - 2021
This paper estimates the macroeconomic effects of government spending shocks in New Zealand. Using a structural vector autoregression (SVAR) model, I find small output multipliers for government consumption but large multipliers for government investment. Importantly, the real exchange rate...
Persistent link: https://www.econbiz.de/10012548884
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The Impact of Fiscal Policy on Profits
Katsimi, Margarita - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10013154254
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Mexico Needs a Fiscal Twist : Response to COVID-19 and Beyond
Ahmed Hannan, Swarnali; Honjo, Keiko; Raissi, Mehdi - 2021
Mexico's fiscal response to the pandemic has been modest compared to its peers, reflecting the authorities' desire to not issue new debt for spending. This approach, however, risks a more severe recession and a weaker economic recovery, with further costs in the future. Balancing the need for...
Persistent link: https://www.econbiz.de/10013314839
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Growth-friendly fiscal rules? : safeguarding public investment from budget cuts through fiscal rule design
Ardanaz, Martín; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2020
We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...
Persistent link: https://www.econbiz.de/10012167402