Search Results - subject:"Fiscal policy"

Structural budget balances in oil-rich countries : the cases of Azerbaijan, Kazakhstan, and Russia

Ahmadov, Vugar; Sarkarli, Ulvi; Rahmanov, Ramiz - 2018

This study aims to analyse the discretionary fiscal policy of Azerbaijan, Kazakhstan, and Russia for the period 2003 … defines the discretionary fiscal position and the aggregate demand effect of fiscal policy. The SBBs in Azerbaijan and Russia …-cyclical fiscal policy for half of the investigated period. Moreover, governments placed more importance on economic stabilization in …

Persistent link: https://www.econbiz.de/10011927258

Did fiscal stimulus lift developing Asia out of the global crisis? : an empirical investigation

Hur, Seok-kyun; Park, Donghyun - In: East Asian economic review 22 (2018) 1, pp. 55-73

Persistent link: https://www.econbiz.de/10011906298

Untargeted incentives and entrepreneurship : an analysis of local fiscal policies and small businesses in Florida

Guo, Hai; Cheng, Shaoming - In: The review of regional studies : a joint publ. of the … 48 (2018) 1, pp. 119-135

Persistent link: https://www.econbiz.de/10011860944

Fiscal stimulus with learning-by-doing

D'Alessandro, Antonello; Fella, Giulio; Melosi, Leonardo - 2018

Using a Bayesian SVAR analysis, we document that an increase in government purchases raises private consumption, the real wage and total factor productivity (TFP) while reducing inflation. Each of these facts is hard to reconcile with both neoclassical and New-Keynesian models. We extend a...

Persistent link: https://www.econbiz.de/10011872556

Monetary-fiscal interaction and quantitative easing

Hollmayr, Josef; Kühl, Michael - 2019

This paper analyzes the monetary-fiscal interaction if the central bank conducts quantitative easing. Although asset purchases have similar effects on the real economy under monetary and fiscal dominance, wealth effects yield a qualitatively different response on the rate of inflation. Our...

Persistent link: https://www.econbiz.de/10011955624

Macroeconomic policy effectiveness and inequality : efficacy of gender budgeting in Asia Pacific

Chakraborty, Lekha; Ingrams, Marian; Singh, Yadawendra - 2019

Gender budgeting is a fiscal approach that seeks to use a country's national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While the literature has explored the connection between reducing gender inequality and achieving growth and equitable...

Persistent link: https://www.econbiz.de/10011961200

The redistributive effects of a money-financed fiscal stimulus

Punzo, Chiara; Rossi, Lorenza - 2019

This paper analyzes the redistributive channel of a money financed fiscal stimulus (MFFS). It shows that the way in which this regime is implemented is crucial to determine its redistributive effects and consequently its effectiveness. In normal times, the most effective regime is a MFFS with no...

Persistent link: https://www.econbiz.de/10011962123

Risk taking and fiscal smoothing with sovereign wealth funds in advanced economies

Lindset, Snorre; Mork, Knut Anton - In: International Journal of Financial Studies : open … 7 (2019) 1/4, pp. 1-24

In an economy with a sovereign wealth fund (SWF), the government may draw on the fund to supplement other government revenues. If the fund is invested in risky assets, this introduces a new stochastic element into the government’s budget. We analyze the interaction between the draw from and...

Persistent link: https://www.econbiz.de/10011964112

Global growth on life support? : the contributions of fiscal and monetary policy since the global financial crisis

Baumann, Ursel; Lodge, David; Miescu, Mirela S. - 2019

This paper compares the role of monetary and fiscal policy shocks in advanced and emerging economies. Using a model … groups of advanced and emerging countries. Our results provide evidence that fiscal policy effects are heterogeneous across …

Persistent link: https://www.econbiz.de/10011987115

Fiscal multipliers in advanced and developing countries : evidence from military spending

Sheremirov, Viacheslav; Spirovska, Sandra - 2019 - This version: February 2019

effects of fiscal policy: the state of the economy, openness to trade, and the exchange-rate regime. We find that the … potential reasons for heterogeneous effects of fiscal policy, such as its implementation and coordination with the monetary …

Persistent link: https://www.econbiz.de/10011992297