Search Results - subject:"Fiscal Policy"

The role of institutional quality on the effects of fiscal stimulus

Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2020

This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees of institutional quality. The identification strategy makes use of data on military expenditure to instrument government consumption using local lineal projections as presented...

Persistent link: https://www.econbiz.de/10012238283

A decomposition of structural revenue developments for euro area member states

Morris, Richard; Reiss, Lukas - 2020

This paper presents a framework for analysing the evolution of the structural government deficit estimated using the official EU methodology relevant for the Stability and Growth Pact. The focus of our framework lies in the analysis of the main driving forces of changes in estimated structural...

Persistent link: https://www.econbiz.de/10012259400

Do EU fiscal rules support or hinder counter-cyclical fiscal policy?

Larch, Martin; Orseau, Eloïse; Van Der Wielen, Wouter - 2020

Rather than stabilising aggregate demand, discretionary fiscal policy tends to amplify cyclical fluctuations of output … fiscal policy has also been associated with the commonly agreed fiscal rules, which, for some observers, unduly limit the …-cyclical fiscal policy. Lawmakers can run discretionary fiscal policy measures based on political economy considerations up to a point …

Persistent link: https://www.econbiz.de/10012206018

Jobs multipliers : evidence from a large fiscal stimulus in Spain

Alloza, Mario; Sanz, Carlos - 2019

Persistent link: https://www.econbiz.de/10012113783

(How) has EMU affected fiscal policy in Austria?

Köhler-Töglhofer, Walpurga; Prammer, Doris; Reiss, Lukas - In: Monetary policy & the economy : quarterly review of … (2019) 1/2, pp. 71-84

Persistent link: https://www.econbiz.de/10012214846

Shocks, frictions, and inequality in US business cycles

Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020

income inequality. The systematic components of monetary and fiscal policy are important for inequality as well. …

Persistent link: https://www.econbiz.de/10012162730

Populism, political risk and the economy : lessons from Italy

Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020

We study the effects on financial markets and real economic activity of changes in risk related to political events and policy announcements in Italy during the 2013-2019 period that saw the rise to power of populist parties. We focus on events that have implications for budgetary policy, debt...

Persistent link: https://www.econbiz.de/10012163613

Fiscal consolidation and automatic stabilization : new results

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas; … - 2020 - This version: December 17, 2019

-factual simulation. Discretionary fiscal policy supported the effects of automatic stabilizers in the years 2008 and 2009 but then became …

Persistent link: https://www.econbiz.de/10012164214

Modern Monetary Theory and the public purpose

Ehnts, Dirk H.; Höfgen, Maurice - 2020

This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be...

Persistent link: https://www.econbiz.de/10012164582

Riding the storm : fiscal sustainability in the Caribbean

Cevik, Serhan; Nanda, Vibha - 2020

Persistent link: https://www.econbiz.de/10012170127