Fiscal policy for stabilization during the COVID-19 crisis: the role of social spendingPhilipp Heimberger
StabilizationBusiness CyclesGovernment SizeWe analyze empirically the cyclical behavior of fiscal policy among a group of 23 OECD countries. We introduce a framework to capture the fiscal policy stance in a way that brings together automatic stabilizers and discretionary fiscal policy. We show that, ...
It seems quite clear that the policy in the U. K. has been rather unsuccessful against the background of domestic economic conditions, whereas the experiences in Sweden are considerably more promising. In other countries fiscal policy has been used at particular occasions for economic stabilization,...
Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? This volume covers the conduct of fiscal policy in Latin America, and its consequences for macroeconomic stability and long-term growth. The volume's chapt... G Perry,L Servén,R Suescún - Inter-American Development Bank 被引量...
Asymmetric Shocks and Monetary Policy in a Currency Union We analyze the conduct of monetary policy in a currency union in the face of asymmetric shocks. In particular, we compare the stabilization properties of a... PR Lane - 《Scandinavian Journal of Economics》 被引量: 86发表: 2000年 The...
We show that, although monetary policy would be preferred to fiscal policy as a stabilization tool both under competition (Nash) and under cooperation, there is a role for procyclical fiscal stabilization in a monetary union where the monetary authority cannot respond to asymmetric shocks. Moreover...
a我明白你不赞成我们的想法 I understood you do not approve our idea [translate] a创兴资源补提2280万土地增值税 正在翻译,请等待...[translate] aa model of monetary and fiscal policy stabilization of the economy 经济的金钱和财政政策安定模型[translate]...
The government’s plan for taxation and government spending. Fiscal policy is one way in which a government can attempt to control the economy. Another way is through monetary policy which attempts to guide the economy by controlling the money supply. ...
Jones, E. (2007): European Fiscal Policy Coordination and the Persistent Myth of Stabilization. Paper presented at EUSA Tenth Biennial International Conference, Montreal, Canada, May 17-May 19, 2007Jones E.European Fiscal Policy Coordination and the Persistent Myth of Stabilization. EUSA Tenth ...
It is important to note that the coefficient characterizing the response of fiscal policy to the GDP gap is also significant indicating that stabilization of economic cycles is the focus of fiscal policy. The above analysis shows that fiscal policy RA is not based on clear rules for responding ...