Similar Search Results

Legrenzi, G.; Milas, C. - Department of Economics, City University - 2004

budget constraint. Nevertheless, the burden of correcting budgetary disequilibria is entirely carried by changes in taxes …-linear analysis, in particular, shows that taxes adjust more rapidly when deviations from the equilibrium level get larger, and that … asymmetries reported in the paper. …

Persistent link: https://www.econbiz.de/10011268970

Non-linear adjustments in fiscal policy

Legrenzi, Gabriella; Milas, Costas - Centre for Economic Research, School of Economics and … - 2005

, shows that the burden of correcting budgetary disequilibria is entirely carried by changes in taxes, rather than changes in … government spending or policy mixes. On the other hand, the tax instrument displays rigidities, as taxes are downward inflexible … the asymmetries reported in the paper. …

Persistent link: https://www.econbiz.de/10005181772

The Permanent Effect of Domestic Income on the Growth of Governments

Legrenzi, Gabriella - Centre for Economic Research, School of Economics and … - 2006

We empirically model the growth of the Italian government on a long historical dataset, starting from the country's unification. Our findings point to the existence of a long-run equilibrium relationship between gross domestic product and government spending, that is robust to different...

Persistent link: https://www.econbiz.de/10005767554

Comparative analysis of the tax structures of Bulgaria, Denmark and France

Martina, Yakova D. - In: International journal of economics and financial issues … 7 (2017) 5, pp. 25-32

Persistent link: https://www.econbiz.de/10011833869

Asymmetric adjustment towards long-run PPP: Some new evidence for Asian economies

Holmes, Mark; Wang, Ping - In: International Economic Journal 20 (2006) 2, pp. 161-177

-stationarity or non-cointegration, we employ a new cointegration test, recently advocated by Enders & Siklos and Enders & Dibooglu …

Persistent link: https://www.econbiz.de/10005644286

The Effect of Monetary Policy on Bank Lending and Aggregate Output: Asymmetries from Nonlinearities in the Lending Channel

Chang, Jui-Chuan (Della); Jansen, Dennis W. - In: Annals of Economics and Finance 6 (2005) 1, pp. 129-153

This paper examines the asymmetric effects of monetary policy on output and the role of bank-lending behavior. We investigate whether contractionary and expansionary policies have asymmetric impacts on bank loans, and whether there are further differences in the response of small banks and big...

Persistent link: https://www.econbiz.de/10009150005

Testing the consistency of asymmetric interest rate pass-through : the case of Indonesia

Herlambang, R. Dimas Bagas; Purwono, Rudi; Rumayya - In: Cogent economics & finance 11 (2023) 1, pp. 1-12

This paper investigates the consistency of asymmetric interest rate past-trough (IRPT) using a nonlinear autoregressive distributed lag framework. Superior to the previous studies, this study exploits the historical profile of Indonesia to enrich the analysis. Asian Financial Crisis (AFC) which...

Persistent link: https://www.econbiz.de/10014500695

Revisiting fiscal deficit sustainability in South Africa

Ndoricimpa, Arcade - In: Journal of economic and administrative sciences 40 (2024) 5, pp. 1169-1191

Persistent link: https://www.econbiz.de/10015416516

Energy consumption, financial development and economic growth in India : new evidence from a nonlinear and asymmetric analysis

Shahbaz, Muhammad; Hoang, Thi Hong Van; Mahalik, Mantu Kumar - In: Energy economics 63 (2017), pp. 199-212

Persistent link: https://www.econbiz.de/10011757925

Asymmetric determinants of CDS spreads : U.S. industry-level evidence through the NARDL approach

Shahzad, Syed Jawad Hussain; Nor, Safwan Mohd; Ferrer, … - In: Economic modelling 60 (2017), pp. 211-230

Persistent link: https://www.econbiz.de/10011734203