The effects of discretionary fiscal policy on macroeconomic aggregates: a reappraisal

S Hebous - Journal of Economic Surveys, 2011 - Wiley Online Library
Fiscal stimuli to recover? A cascade of academic and layman articles debate the
effectiveness of fiscal policy in stimulating the economy backed up by different economic …

What fiscal policy is most effective? A meta-regression analysis

S Gechert - Oxford Economic Papers, 2015 - academic.oup.com
I apply a meta-regression analysis to a unique data set of 104 studies on multiplier effects to
derive stylized facts and quantify the differing effectiveness of the composition of fiscal …

In search of the transmission mechanism of fiscal policy [with comments and discussion]

R Perotti, R Reis, V Ramey - NBER macroeconomics Annual, 2007 - journals.uchicago.edu
Most economists would agree that a hike in the federal funds rate will cause some slowdown
in growth and inflation, and that the bulk of the empirical evidence is consistent with this …

The macroeconomic effects of fiscal policy

A Afonso, RM Sousa - Applied Economics, 2012 - Taylor & Francis
We investigate the macroeconomic effects of fiscal policy using a Bayesian Structural Vector
Autoregression (B-SVAR) approach. We identify fiscal policy shocks via a partial …

The effects of fiscal policy in Italy: Evidence from a VAR model

R Giordano, S Momigliano, S Neri, R Perotti - European Journal of Political …, 2007 - Elsevier
This paper studies the effects of fiscal policy on private GDP, inflation and the long-term
interest rate in Italy using a structural Vector Autoregression model. To this end, a database …

Fiscal developments and financial stress: a threshold VAR analysis

A Afonso, J Baxa, M Slavík - Empirical Economics, 2018 - Springer
We use a threshold VAR analysis to study the linkages between changes in the debt ratio,
economic activity and financial stress within different financial regimes. We use quarterly …

What are the effects of fiscal policy on asset markets?

A Afonso, RM Sousa - Economic Modelling, 2011 - Elsevier
We investigate the link between fiscal policy shocks and asset markets. Our results show
that spending shocks have: a positive and persistent effect on GDP in the US and in the UK …

Fiscal policy shocks in the euro area and the US: an empirical assessment

P Burriel, F De Castro, D Garrote, E Gordo… - Fiscal …, 2010 - Wiley Online Library
We analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly‐
available quarterly data set of fiscal variables for the period 1981–2007. To allow for …

The macroeconomic effects of legislated tax changes in Germany

B Hayo, M Uhl - Oxford Economic Papers, 2014 - academic.oup.com
This paper studies the short-term macroeconomic effects of legislated tax changes in
Germany using a five-variable vector autoregression (VAR) framework. Identification of the …

[PDF][PDF] Macroeconomic effects of exogenous fiscal policy shocks in Pakistan: A disaggregated SVAR analysis

K Munir, N Riaz - Hacienda Publica Espanola, 2020 - researchgate.net
This paper analyzes the effects of fiscal policy shocks on a set of macroeconomic variables
in Pakistan. The study adopts the SVAR framework and uses quarterly data of Pakistan from …