Search Results - subject_exact:"Fiscal policy"

Taxation, informality, and labor market responses : what do we really know?

Canavire-Bacarreza, Gustavo; Herrero Olarte, Susana; … - 2026

This paper critically reviews the empirical and structural literature on the effects of income taxation on informal economic activity. Although labor taxation has been widely studied in relation to labor market outcomes, evidence linking income taxes to informality remains fragmented and uneven...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617041

Exploring the N-Curve of CO₂ emissions : the interactive roles of trade, manufacturing, financial development, and fiscal policy across income groups

Fildzah, Lina Absharina; Liana, Damia; Rafi'i, Rafi'i; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617168

Pandemic-era inflation dynamics in the euro area : the role of policy and non-policy demand and energy and non-energy supply factors

Barauskaitė Griškevičienė, Kristina; Brand, Claus; … - 2026

We analyze the sources of the pandemic-era inflation surge in the euro area using a Bayesian vector autoregression (BVAR) model. By applying narrative, sign, zero, and inequality restrictions, this study is the first that jointly analyzes the inflationary effects of energy and non-energy supply...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618081

A state theory of price levels

Barthélémy, Jean; Mengus, Eric; Plantin, Guillaume - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618255

The size of government in Canada in 2024

Fuss, Jake; Dunstan, William - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618705

Ageing costs, public debt sustainability and EU fiscal rules

Gökten, Meryem; Heimberger, Philipp - 2026

This paper examines the role of ageing costs and the underlying assumptions in the reformed EU fiscal rules. To comply with these rules, governments facing rising ageing costs over the decade that follows a multi-year adjustment period must pre-emptively implement fiscal consolidation measures...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654499

Oil, gas, pandemics, and war : the drivers of inflation

Corrado, Luisa; Grassi, Stefano; Paolillo, Aldo; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655580

Racial heterogeneity in consumption responses to the economic impact payment

Goto, Yulina; Nakajima, Makoto - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609895

Is British Columbia headed towards another lost decade?

Di Matteo, Livio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613526

Social protection in South Africa

Bhorat, Haroon; Oosthuizen, Morné - 2026

South Africa has a relatively well-developed social protection system for a middle-income country. Despite its roots in the country's racially discriminatory past, the system has been repurposed post-apartheid to address deep poverty and severe inequality. This paper explores key characteristics...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614283

Exploring political budget cycles in the EU-27

Afonso, António; Alves, José; Leal, Frederico Silva - 2026

Using quarterly data for the period Q1:2000–Q4:2024, the study examines whether elections in EU‑27 member states shape the composition and timing of fiscal policy strategies, and how political, fiscal and institutional constraints condition these dynamics. Employing a two‑way...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593132

Guns and butter : the fiscal consequences of rearmament and war

Marzian, Johannes; Trebesch, Christoph - 2026 - First draft: January 2024, this draft: February 2026

We study the fiscal consequences of large military buildups. To do so, we assemble the Global Budget Database, a comprehensive dataset of disaggregated central government finances for 20 countries from 1870 to 2022. We identify 114 episodes of military spending booms, in peace and war, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596724

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Guns and butter : the fiscal consequences of rearmament and war

Marzian, Johannes; Trebesch, Christoph - 2026

Book / Working Paper

Guns and butter : the fiscal consequences of rearmament and war

Marzian, Johannes; Trebesch, Christoph - 2025

Book / Working Paper

Dynamic effects of fiscal rules : do initial conditions Matter?

Fatás, Antonio; Gootjes, Bram; Mawejje, Joseph - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580402

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Dynamic effects of fiscal rules : do initial conditions matter?

Fatás, Antonio; Gootjes, Bram; Mawejje, Joseph - 2025

Book / Working Paper

Impact assessment of fiscal policy on employment in Morocco : a computable general equilibrium model analysis

Bouijij, Soukayna; Maarouf, Abdelouahab - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620791

The Effects of Fiscal News on Household Expectations and Spending : New Causal Evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

We provide experimental evidence on how fiscal news shapes households' expectations and spending behavior. Using a new survey of ~11,000 Korean individuals linked to automatically collected high-frequency spending data, we elicit respondents' fiscal and macroeconomic beliefs and randomly provide...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626338

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The effects of fiscal news on household expectations and spending : new causal evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

Book / Working Paper

The effects of fiscal news on household expectations and spending : new causal evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

Book / Working Paper

Financial deepening and fiscal capacity : new empirical evidence from the association of Southeast Asian nations

Tabash, Mosab I.; Farooq, Umar; El Refae, Ghaleb A.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625083

An overlapping generations model to investigate the fiscal implications of New Zealand's ageing population : a background paper for the 2025 Long-term Fiscal Statement

Binning, Andrew; Özbilgin, Murat; Smith, Christie - 2026

New Zealand's population is ageing. Public spending on public pensions (NZ Superannuation) and health are particularly sensitive to this trend and are expected to increase accordingly. Current and future government policies aimed at addressing this challenge will not only influence macroeconomic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625615

Safety switches : the macroeconomic consequences of time-varying asset safety

Foschi, Andrea - 2026

I develop a model-based definition of time-varying sovereign bond safety, and apply it empirically by constructing a news-based index, the FLY, that measures global safe-assets demand. The FLY captures flight-to-safety episodes, the savings glut, and natural interest rate declines. Estimated FLY...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626787

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Safety switches : the macroeconomic consequences of time-varying asset safety

Foschi, Andrea - 2026

Book / Working Paper

Fiscal regressivity and allocative inefficiency : the economic cost of Thailand's 2024 wine tax reform

Luksamee-Arunothai, Mana; Chanagul, Chittawan; Senbut, … - 2026

Thailand's 2024 excise tax reform aimed to stimulate the tourism economy through the elimination of import tariffs and the reduction in excise rates on wine. This study evaluates the causal economic and distributional impacts of this policy intervention. The analysis employs a quasi-experimental...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628397

Evaluation of public expenditure in Morocco : an analysis using efficiency frontiers

Lhajhouji, Yassin; Hasnaoui, Rachid; Bakhat, Mohcine - 2026

In Morocco, the increasing public expenditure on essential sectors, such as education, does not always lead to improved outcomes, highlighting a significant gap between resource allocation and quality enhancement. This study examines the efficiency of public expenditure in education, health, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628417

Fiscal demographic reversal

Miyamoto, Hiroaki; Shinohara, Hiroaki - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638665

Social security transfers and fiscal sustainability in Turkey : evidence from 1984-2024

Diler, Huriye Gonca; Barın, Nurgül E.; Özen, Ercan; … - 2026

Social security systems constitute a structurally significant component of public finance in developing economies and often generate persistent fiscal pressures through budgetary transfers. Demographic transformation, widespread informality in labor markets, and weaknesses in contribution-based...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640526

Taxes, growth, and equity : the illusions of fiscal policy

Hira, Anil; Swartz, Tim; Cao, Jiguo - 2026

For over a century now, one of the central debates of economic policy has been around fiscal policy. Taxation and government spending have been a feature of most political campaigns, with one (more vocal) side claiming that taxation chokes economic growth and benefits special interests, while...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643086

Countercyclical fiscal policy in the Philippines : navigating external shocks for sustained macroeconomic growth

Ruiz, Mark Gerald C.; Rivera, John Paolo R. - 2026

The Philippine economy has demonstrated notable resilience in recent decades, supported by strong domestic demand and sustained remittance inflows. However, it remains vulnerable to external shocks, particularly those transmitted through capital flow volatility and trade disturbances. This study...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643958

Monetary-fiscal interactions in the United States

Bouscasse, Paul; Hong, Seungki - 2026 - This version: January 2026

How does the fiscal side of the US government respond to monetary policy, and does it matter? We estimate the response of fiscal variables to monetary shocks and the counterfactual response of macroeconomic aggregates under different fiscal rules. Following an interest rate hike, the fiscal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644450

Consumer of last resort : government procurement, firm-level evidence and the macroeconomy

Budrys, Žymantas - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655710

Are fiscal transfers inflationary?

Arias, Jonas E.; Rubio-Ramírez, Juan Francisco; Shin, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650598

My life in crisis? : What have I learned about economic policy in the last 50 years?

Jonung, Lars - 2026 - This version: May 9, 2026

This paper is a translation of a talk given by Lars Jonung at the conference held in his honor at his 70th birthday in Lund on October 3-4, 2014. A few additions and updates have been made to the original talk. He came to Lund to study economics in the autumn of 1965. Both the city and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650658

Fiscal shocks and public debt dynamics in the European Union : new evidence using forecast-error identification

Staehr, Karsten; Tkǎcevs, Ol̦egs; Toiger, Ann Merit - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651111

Reflections on aspects of macroeconomic policies in the spirit of Geoff Harcourt

Arestis, Philip; Sawyer, Malcolm C. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651676

Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026 - Last updated: April 14, 2026

As the economy emerges from a crisis, macroeconomic policy confronts a dilemma: a protracted stimulus can foster a more inclusive labor market recovery, yet risks igniting inflation that ultimately undermines workers' welfare through real income erosion. This tension amplifies in the presence of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651889

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Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026

Book / Working Paper

The German energy crisis : a TENK-based fiscal policy analysis

Gutsch, Alexandra; Schult, Christoph - 2026 - This version: 15.05.2026

We study the aggregate, distributional, and welfare effects of fiscal policy responses to Germany’s energy crisis arising in 2022 using a novel ten-agent New Keynesian (TENK) model. The crisis, compounded by the COVID-19 pandemic, led to sharp price increases and significant consumption...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652593

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The German energy crisis : a TENK-based fiscal policy analysis

Gutsch, Alexandra; Schult, Christoph - 2025

Book / Working Paper

The German energy crisis : a TENK-based fiscal policy analysis

Gutsch, Alexandra; Schult, Christoph - 2025 - This version: 27.10.2025

Edition: This version: 27.10.2025

Book / Working Paper

The missing link between inflation and macroeconomic fundamentals : evidence from Türkiye

Buyun, Burak; Fidan, İlayda İsabetli - 2026

This study investigates the structural relationship between inflation and key macroeconomic fundamentals in Türkiye, an emerging economy characterized by persistently high and divergent inflation dynamics. Using monthly data for the 2011-2024 period, we apply the Kapetanios, Shin, and Snell...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633819

Newfoundland & Labrador premiers and provincial government spending, 2026 edition

Whalen, Alex; Emes, Joel; Dunstan, William - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635385

Prince Edward Island premiers and provincial government spending, 2026 edition

Whalen, Alex; Emes, Joel; Dunstan, William - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635388

New Brunswick premiers and provincial government spending, 2026 edition

Whalen, Alex; Emes, Joel; Dunstan, William - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635390

Nova Scotia premiers and provincial government spending, 2026 edition

Whalen, Alex; Emes, Joel; Dunstan, William - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635392

Measuring Alberta's budget gap

Hill, Tegan; Li, Nathaniel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635409

Clientelism, institutions and sovereign default

Azzimonti, Marina; Mitra, Nirvana - 2026 - This version: March 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636809

Energy shocks, consumption inequality & fiscal policy design

Chankova, Rosi D.; Komatsu, Momo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668804

Survey of Japanese taxpayers' attitudes towards and knowledge of fiscal policy issues : documentation paper

Hayo, Bernd; Miyazaki, Tomomi - 2026

This paper provides background information, questionnaires and basic descriptive statistics from a representative opinion survey on fiscal policy issues in Japan conducted in 2025. The survey covers various topics related to fiscal policy in Japan: (1) objective and subjective knowledge of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667316

Fiscal policy, portfolio frictions, and international transmission

Mac Mullen, Marcos - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669229

The influence of fiscal policy on gender-specific unemployment during the COVID-19 shock in Poland

Al Mamun, Tuhin G. M. - 2026

The COVID-19 pandemic significantly disrupted labor markets worldwide, exacerbating pre-existing gender disparities in employment. This study examines the gender-specific impacts of the pandemic on unemployment trends in Poland from 1992 to 2023, by using a Markov Switching Vector Auto...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664819

Intergenerational redistribution in the green transition

Annicchiarico, Barbara; Sahuc, Jean-Guillaume; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015671082

Climate change adaptation with advanced technology adoption

Le, Anh H.; Puangjit, Sirikorn - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015671066

Sustaining growth under demographic decline : a minimum AI investment threshold for OECD economies

Gu, Jingshuang; Gu, Jinghong - 2026

Population aging weakens the research base for growth in Organisation for Economic Co-operation and Development (OECD) economies. This paper develops a balanced-growth benchmark with semi-endogenous knowledge production, human-capital deepening, and artificial intelligence (AI) research capital...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015671903

The unmeasured cost of fiscal execution : payment timing and public service delivery

Zanoni, Wladimir; Rangel, Marcos A. - 2026

When governments face fiscal stress, they frequently manage consolidation by delaying cash payments on legally incurred obligations rather than cutting explicit appropriations. This "execution wedge" reduces the real resources available for public production while leaving formal appropriations...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015675372

Evaluating the effects of endogenous external balance dynamics on monetary policy transmission in Uganda

Mugume, Adam; Kasekende, Elizabeth; Mpagi, Anita; Sande, Deo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015675636

Resource investments and the timing of tax deductions

Ahlvik, Lassi; Harding, Torfinn - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015152811

Social spending and fiscal policy in India : towards an alternate macro-fiscal framework integrating human development

Bose, Sukanya; Banerjee, Saikat - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015168382