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1
Fiscal Rules, Fiscal Space and Procyclical Fiscal Policy
Nerlich, Carolin
-
2019
In this paper we analyse the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this...
Persistent link: https://www.econbiz.de/10012867815
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2
Expansionary Fiscal Consolidations in Europe : New Evidence
Afonso, António
-
2021
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models for private consumption are estimated for the EU15 countries, using annual data over the period 1970-2005. Three alternative approaches to determine fiscal episodes are used, and the level of...
Persistent link: https://www.econbiz.de/10013317479
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3
Check in the Mail or More in the Paycheck : Does the Effectiveness of Fiscal Stimulus Depend on How it is Delivered?
Sahm, Claudia R.
-
2011
Recent fiscal policies have aimed to stimulate household spending. In 2008, most households received one-time economic stimulus payments. In 2009, most working households received the Making Work Pay tax credit in the form of reduced withholding; other households, mainly retirees, received...
Persistent link: https://www.econbiz.de/10013130153
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4
What Accounts for the Changes in U.S. Fiscal Policy Transmission?
Bilbiie, Florin
;
Meier, André
;
Müller, Gernot J.
-
2021
Using vector autoregressions on U.S. time series for 1957-1979 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this observation within a DSGE model featuring price rigidities and limited...
Persistent link: https://www.econbiz.de/10013318046
Saved in:
5
Revenue versus Spending-Based Consolidation Plans : The Role of Follow-Up
Beetsma, Roel
;
Furtuna, Oana
;
Giuliodori, Massimo
-
2021
The literature on fiscal multipliers finds that spending-based fiscal consolidations tend to have more benign macro-economic consequences than revenue-based consolidations. By directly comparing expost data with consolidation plans, we present evidence of a systematically weaker follow-up of...
Persistent link: https://www.econbiz.de/10013315403
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6
International Evidence on Sticky Consumption Growth
Carroll, Chris
;
Slacalek, Jirka
;
Sommer, Martin
-
2021
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10013316561
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7
Expansionary fiscal consolidations in Europe: new evidence
Afonso, António
-
2006
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models for private consumption are estimated for the EU15 countries, using annual data over the period 1970–2005. Three alternative approaches to determine fiscal episodes are used, and the level of...
Persistent link: https://www.econbiz.de/10011604721
Saved in:
8
Fiscal Regimes in the EU
Afonso, António
-
2013
We assess the existence of fiscal regime shifts in the U.K.,
Germany
, and Italy, using Markov switching fiscal rules …) fiscal regimes are somewhat clearer cut, in
Germany
fiscal regimes have been overall less active, supporting more fiscal …
Persistent link: https://www.econbiz.de/10013084529
Saved in:
9
What accounts for the changes in U.S. fiscal policy transmission?
Bilbiie, Florin O.
;
Meier, André
;
Müller, Gernot J.
-
2006
Using vector autoregressions on U.S. time series for 1957-1979 and 1983-2004, we find government spending shocks to have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this observation within a DSGE model featuring price rigidities and limited...
Persistent link: https://www.econbiz.de/10011604628
Saved in:
10
What Drives Personal Consumption? The Role of Housing and Financial Wealth
Slacalek, Jiri
-
2009
. The baseline
estimation
method based on the sluggishness of consumption growth implies that the eventual (long …
Persistent link: https://www.econbiz.de/10013154678
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