[PDF] Top 20 Measuring the Effects of Fiscal Policy

... complexity of the process by which fiscal policy is conducted is not fully captured, however, in existing empirical studies that use structural vector auto-regressions (SVAR) to assess ... Voir le document complet

... in the 10-year US rate reflect change that would have affected the Fed funds rate if the latter was ...Although the three methods deliver estimates of the shadow rate that are ... Voir le document complet

... namely the evolution over time of the fiscal policy ...in the SVAR litterature by Perotti (2005). According to this literature, the effects of fiscal ... Voir le document complet

... in the next years: energy transition and fiscal ...in the way of achieving a fiscal ...interrupting the energy transition in a time of fiscal consolidation would ... Voir le document complet

... exogenous, the main effect of this fiscal policy goes through a distortion that affects the return of assets, especially ...state, the tax rate is counter-cyclical, i.e. ... Voir le document complet

... assesses the stabilizing effects of fiscal policies with a mainte- nance expenditure ...insulate the economy from self-fulfilling beliefs, a progressive tax can render the ... Voir le document complet

... concerns the impact of energy transition on the annual GDP dynamics in the next decades and its intergenerational redistributive ...all the more required as, as explained in the ... Voir le document complet

... in fiscal policy is much more ...is the issue of trying to disentangle the stabilization objective from the growth objective which is not addressed ...in fiscal ... Voir le document complet

... For the transmission mechanism of the Fisher relation with constant real rate and the government intertemporal budget constraint, Ramsey optimal policy has a unique ...equilibrium. ... Voir le document complet

... the Federal ...because the two mortgage giants own or guarantee about half of home loans originated in the ...to the government officials’ view, for many observers the failure ... Voir le document complet

... policy is socially desirable. Of course, whether one wants to allow full transferability, or put no restrictions at all on the speed of use, depends on empirical issues that go beyond ... Voir le document complet

... type of analysis introducing a more gen- eral formulation of externalities in a one-sector model and we will study their implications on the dynamic stability properties and the occurrence ... Voir le document complet

... as the extent of local and cantonal direct democratic rights or the degree of decentral- ization are important for studies on ...at the local level is captured by a dummy variable for ... Voir le document complet

... estimate the environmental efficiency ( EE) scores of the gross regional product ( GRP) of Chinese provinces and examine whether provinces with larger fiscal imbalance have higher (or ... Voir le document complet

... use the words of Leeper ( 2015 ). Fiscal requirements can be, to some extent, signif- icantly weaker than commonly ...on the idea that governments can –for bad or good reasons– deviate from ... Voir le document complet

... In the federal symmetric union, the size of the population does not matter for the welfare maximization and can always be normalized to one without loss of ...migration, ... Voir le document complet

... number of terrorist incidents versus the rainfall weighted by initial terrorism A major concern in this type of exercise relates to the validity of exclusion ...violation of ... Voir le document complet

... studying the determinants of turnout that we will not attempt to fully survey ...One of the key findings of this literature, though, is that, on top of classical ex- planations ... Voir le document complet

... The government in this model implicitly maximizes spending (and debt, too), which is meant to represent realistically the behavior of actual ...however, the government’s preference for ... Voir le document complet

... Using the Accor example, in the authors’ opinion, it is clear that a group, whose principal shareholder is an investment fund, has as its primary objective: the creation of maximum ... Voir le document complet