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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity …
Persistent link: https://www.econbiz.de/10011778844
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Situating the COVID-19 pandemic in the context of the Indian economy
Jha, Praveen K.; Goyal, Meghna - 2022
The COVID-19 pandemic has caused a major global health crisis, the onset of which, and containment policies for, have also led to a global economic crisis. The effects of the pandemic on the economies of various countries depended on their position in the international economic hierarchy, and...
Persistent link: https://www.econbiz.de/10013283745
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The Covid-19 pandemic and European trade flows : evidence from a dynamic panel model
Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2022
This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...
Persistent link: https://www.econbiz.de/10013285828
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Does the Swiss debt brake induce sound federal finances? : a synthetic control analysis
Pfeil, Christian F.; Feld, Lars P. - 2016
The Swiss debt brake is widely appreciated as one of the most rationally designed fiscal rules in the world and was thus also discussed as blueprint in the debates about fiscal rules in Germany, the European Union member states and Israel. However, evidence that this rule really contributes to...
Persistent link: https://www.econbiz.de/10011521945
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Uncertain fiscal consolidations
Bi, Huixin; Leeper, Eric M.; Leith, Campbell B. - 2013
The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax- or spending-based - are uncertain. We find that the composition of the fiscal consolidation, its duration, the monetary policy stance, the level of government debt, and...
Persistent link: https://www.econbiz.de/10009781108
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The long-run effect of fiscal consolidation on economic growth : evidence from quantitative case studies
Kleis, Mischa; Moessinger, Marc-Daniel - 2016 - This version: November 2016
We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel …-consolidation trajectories of economic growth in six case studies of OECD countries. In contrast to recent studies that reject the hypothesis of … economic growth. Half of the case studies point to a positive effect with the other half indicating a negative effect. We …
Persistent link: https://www.econbiz.de/10011576967
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Balanced budget rules and fiscal outcomes : evidence from historical constitutions
Asatryan, Zareh; Castellon, Cesar; Stratmann, Thomas - 2016 - This version: September 19, 2016
This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that the introduction of a constitutional-BBR reduces...
Persistent link: https://www.econbiz.de/10011576968
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The output effect of fiscal consolidation plans
Alesina, Alberto; Favero, Carlo A.; Giavazzi, Francesco - 2014 - This version: October 2014
We show that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of a multi year fiscal plan rather than of individual fiscal shocks. Simulation of fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the effects of...
Persistent link: https://www.econbiz.de/10010463614
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The long-run effect of fiscal consolidation on economic growth : evidence from quantitative case studies
Kleis, Mischa; Moessinger, Marc-Daniel - 2016
We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel …-consolidation trajectories of economic growth in six case studies of OECD countries. In contrast to recent studies that reject the hypothesis of … economic growth. Half of the case studies point to a positive effect with the other half indicating a negative effect. We …
Persistent link: https://www.econbiz.de/10011490895
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Fiscal consolidation and climate policy : an overlapping generations perspective ; conference paper
Rausch, Sebastian - 2013 - This version: March 1, 2013, very preliminary
We examine the distributional and efficiency impacts of climate policy in the context of fiscal consolidation in a dynamic general-equilibrium overlapping generations model of the US economy. The model includes a disaggregated production structure, including energy sector detail and advanced...
Persistent link: https://www.econbiz.de/10010337844