Suche
Anzeige der Dokumente 1-9 von 9
Euro Membership and Fiscal Reaction Functions
(2013-05-10)
The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has reduced the responsiveness of countries to shocks in the level of inherited debt compared to the period ...
Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk
(2015-04-13)
When markets are incomplete, social security can partially insure against idiosyncratic and aggregate risks. We incorporate both risks into an analytically tractable model with two overlapping generations. We derive the ...
The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy
(2014-04-01)
After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty ...
The Output Effect of Fiscal Consolidation Plans
(2014-10-01)
We show that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of a multi year fiscal plan rather than of individual fiscal shocks. Simulation of fiscal plans adopted by 16 OECD countries ...
Fiscal Stimulus and Labor Market Flexibility
(2015-03-03)
This paper investigates whether a fiscal stimulus implies a different impact for flexible and rigid labour markets. The analysis is done for 11 advanced OECD economies. Using quarterly data from 1999 to 2013, I estimate a ...
Revisiting the Narrative Approach of Estimating Tax Multipliers
(2015-03-01)
"A number of recent studies regress a ""narratively"" identified measure of a macroeconomic shock directly on an outcome variable. In this note, we argue that this approach can be viewed as the reduced-form regression of ...
OBR
The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances.
WEO
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the ...
NBER
"The National Bureau of Economic Research (NBER) is an American private nonprofit research organization ""committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, ...