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What are the Effects of Fiscal Policy Shocks?
Mountford, Andrew - 2008
We propose and apply a new approach for analyzing the effects of fiscal policy using vector autoregressions. Specifically, we use sign restrictions to identify a government revenue shock as well as a government spending shock, while controlling for a generic business cycle shock and a monetary...
Persistent link: https://www.econbiz.de/10012464097
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Accounting for the Effect of Health on Economic Growth
Weil, David N. - 2005
I use microeconomic estimates of the effect of health on individual outcomes to construct macroeconomic estimates of the proximate effect of health on GDP per capita. I employ avariety of methods to construct estimates of the return to health, which I combine with cross-country and historical...
Persistent link: https://www.econbiz.de/10012467224
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Has Creative Destruction Become More Destructive?
Komlos, John - 2014
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...
Persistent link: https://www.econbiz.de/10012458287
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Searching for Non-Linear Effects of Fiscal Policy : Evidence from Industrial and Developing Countries
Giavazzi, Francesco - 2000
Several recent studies suggest that the response of national saving to fiscal policy may be non-linear. In this paper we use two data sets to search for the circumstances in which such non-linear responses may arise: a sample of OECD countries used in previous studies, and sample of developing...
Persistent link: https://www.econbiz.de/10012471316
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Initial Impacts of the Pandemic on Consumer Behavior : Evidence from Linked Income, Spending, and Savings Data
Bachas, Natalie - 2020
savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has …
Persistent link: https://www.econbiz.de/10012481470
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Check in the Mail or More in the Paycheck : Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?
Sahm, Claudia R. - 2010
Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...
Persistent link: https://www.econbiz.de/10012462409
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The Bush Tax Cut and National Saving
Auerbach, Alan J. - 2002
Following through on pledges made during his election campaign, President Bush proposed and Congress passed a substantial tax cut in 2001, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA). Much has been written about the size of the tax cut, its impact on the federal budget, its...
Persistent link: https://www.econbiz.de/10012469701
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Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions
Beshears, John - 2014
Can governments increase private savings by taxing savings up front instead of in retirement? Roth 401(k) contributions …(k) contribution is tax-deductible in the contribution year, but both principal and investment earnings are taxed upon …
Persistent link: https://www.econbiz.de/10012457928
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Loose Knots : Strong versus Weak Commitments to Save for Education in Uganda
Karlan, Dean - 2014
. Using a school-based commitment savings program for educational expenses in Uganda, we compare an account fully-committed to … commitment generates higher account savings, and when combined with a parental outreach generates higher educational supplies …
Persistent link: https://www.econbiz.de/10012458800
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Do Savings Increase in Response to Salient Information about Retirement and Expected Pensions?
Dolls, Mathias - 2016
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are … increase in savings partly crowds out charitable donations. Moreover, we present evidence suggesting that both information and …
Persistent link: https://www.econbiz.de/10012455996