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Fiscal federalism in Nigeria : implication for growth

Onwioduokit, Emmanuel Ating; Esu, Godwin Essang - In: West African journal of monetary and economic integration 18 (2018) 2, pp. 70-95

Nigeria has been a federation before 1963. This was expected to foster speedy growth and development, but military …) of fiscal federalism. This study therefore attempts to empirically assess the state of Nigeria's fiscal federalism in … macroeconomic environment as well as other upheavals. The recommendation that Nigeria should consciously make and implement laws …

Persistent link: https://www.econbiz.de/10013348422

Macroeconomic Effects of Monetary and Fiscal Policy Interactions on Economic Growth Dynamics in Nigeria

Salis, Kolawole; Saibu, Olufemi - 2021

investigated the effectiveness of fiscal-monetary policy interactions on real output growth in Nigeria between 1999 and 2016. The … found that fiscal-monetary policy interactions have significant but negative impact on real GDP in Nigeria for the period … achieving economic growth in Nigeria. It is therefore recommended that, in order to put Nigerian economy on the path of …

Persistent link: https://www.econbiz.de/10013314576

A recursive dynamic computable general equilibrium analysis of value-added tax policy options for Nigeria

Aminu, Alarudeen - In: Journal of economic structures : JES; the official … 8 (2019) 22, pp. 1-38

The study investigates how government can implement an increase in the rate of value-added tax (VAT) to ensure that the final rate of 15% is achieved in a way that satisfies the public (households and business community) and also ensures maximum revenue generation for the government. The...

Persistent link: https://www.econbiz.de/10012033899

What are the spill-overs from fiscal shocks in Europe?

Giuliodori, Massimo; Beetsma, Roel - 2004

We use a Vector Auto Regression (VAR) analysis to explore the (spill-over) effects of fiscal policy shocks in Europe. To enhance comparability with the existing literature, we first analyse the effects of these shocks at the national level. Here, we employ identification based on Choleski...

Persistent link: https://www.econbiz.de/10009636548

Keynesian government spending multipliers and spillovers in the euro area

Cwik, Tobias; Wieland, Volker - 2010

The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government spending can stimulate additional private spending — the Keynesian multiplier effect. Thus, we investigate whether the spending package...

Persistent link: https://www.econbiz.de/10009640272

Global policy at the zero lower bound in a large-scale DSGE model

Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo; … - 2010

The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...

Persistent link: https://www.econbiz.de/10009640286

Is there a signalling role for public wages?

Pérez, Javier J.; Sánchez, A. Jesús - 2010

Do public sector wages exert pressures on private sector wages, or has the private sector a leadership role in wage setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other determinants of wages (prices, productivity,...

Persistent link: https://www.econbiz.de/10009640411

Public and private sector wages interactions in a general equilibrium model

Fernàndez-de-Córdoba, Gonzalo; Pérez, Javier J.; … - 2009

This paper develops a dynamic general equilibrium model in which the public and the private sector interact in the labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly assumed exogenous rules for public wage and public employment....

Persistent link: https://www.econbiz.de/10009640488

Have euro area and EU economic governance worked?

Ioannou, Demosthenes; Stracca, Livio - 2011

We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition using a difference-in-difference approach on a panel of over 30 countries, some...

Persistent link: https://www.econbiz.de/10009640833

Fiscal Policy in an Estimated Model of the European Monetary Union

Eyquem, Aurélien - Centre de Recherche en Économie et Management (CREM) - 2007

We explore the welfare implications of several fiscal policies in an estimated two-country New Open Economy Macroeconomics (NOEM) model of the EuropeanMonetary Union (EMU). The model features incomplete financial markets and home bias in final consumption baskets. We define the optimal monetary...

Persistent link: https://www.econbiz.de/10005827420