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Non-linear e¤ects of government spending shocks in the US : evidence from state-level data

Mumtaz, Haroon; Sunder-Plassmann, Laura - 2017

This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...

Persistent link: https://www.econbiz.de/10011773635

Regional consumption responses and the aggregate fiscal multiplier

Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2018

We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending. Our consumption data come from household-level retail purchases in Nielsen and auto purchases from Equifax credit balances. We estimate that a $1...

Persistent link: https://www.econbiz.de/10011911427

New Keynesian versus old Keynesian government spending multipliers : a comment

Hughes Hallett, Andrew; Rannenberg, Ansgar; Schreiber, Sven - 2014

Cogan et al. (2009, 2010) claim that the stimulus package passed by the United States Congress in February 2009 had a multiplier far below one. However, the stimulus ́multiplier strongly depends on the assumed monetary policy response. Based on official statements from the Fed chairman, the...

Persistent link: https://www.econbiz.de/10010258714

Do interest-growth differentials affect fiscal policy? : evidence for advanced economies

Heimberger, Philipp - 2023

This paper analyses the link between discretionary fiscal policy and interest-growth differentials (r-g). Panel regressions based on a dataset for 20 advanced countries over the years 1990-2019 reveal no evidence of a systematic linear relationship between fiscal policy and r-g. However, more...

Persistent link: https://www.econbiz.de/10014382638

Financial constraints and firm size : micro-evidence and aggregate implications

Ferreira, Miguel H.; Haber, Timo; Rörig, Christian - 2023

Using a unique dataset covering the universe of Portuguese firms and their credit situation we show that financially constrained firms are found across the entire firm size distribution, even in the top 1%. Incorporating a richer, empirically supported, productivity process into a standard...

Persistent link: https://www.econbiz.de/10014293341

Tax competition and tax structure in open federal economies : evidence from OECD countries with implications for the European Union

Goodspeed, Timothy J. - 1999

Tax competition arguments suggest that governements that operate in an open economy (such as local governments) should … not and will not rely on non-benefit taxes, such as the income tax. Yet we observe reliance on income taxes by local … implication for the EU is that enlargement that increases tax base disparities within the EU (and is not accompanied by an EU …

Persistent link: https://www.econbiz.de/10013428264

The revenues-expenditures nexus : evidence from Finnish local government panel data

Moisio, Antti; Kangasharju, Aki - 1997

Persistent link: https://www.econbiz.de/10000991063

After the death of inflation: will fiscal drag survive?

Heinemann, Friedrich - 2000

Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … creep in a progressive income tax system do not work any longer. With this background the paper analyzes the extent of … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the …

Persistent link: https://www.econbiz.de/10013428323

Ex-day behavior with tax-exempt investors and taxable security dealers : the case of Danish lottery bonds

Brænder Florentsen, Bjarne; Rydqvist, Kristian - 1998

Persistent link: https://www.econbiz.de/10000996004

The effects of female labor force participation on obesity

Gomis-Porqueras, Pedro; Mitnik, Oscar A.; Peralta-Alva, … - 2011

Persistent link: https://www.econbiz.de/10009380047