Date: 2006
Type: Article
Some stylized facts on non-systematic fiscal policy in the Euro area
Journal of macroeconomics, 2006, Vol. 28, No. 3, pp. 461-479
MARCELLINO, Massimiliano, Some stylized facts on non-systematic fiscal policy in the Euro area, Journal of macroeconomics, 2006, Vol. 28, No. 3, pp. 461-479
- https://hdl.handle.net/1814/42716
Retrieved from Cadmus, EUI Research Repository
We derive a set of stylized facts on the effects of non-systematic fiscal policy in the four largest countries of the Euro area. We find relevant differences across countries in the effects of non-systematic fiscal policy, and substantial uncertainty about the size of these effects. Yet, in general, expenditure shocks are usually rather ineffective in increasing output growth, and can require deficit financing. Tax policies also appear to have minor effects on output, but usually tax increases do not have negative effects. Disaggregating expenditures and receipts yields some interesting results, in particular increases in government consumption decrease output in all countries, while social benefits can increase it.
Cadmus permanent link: https://hdl.handle.net/1814/42716
Full-text via DOI: 10.1016/j.jmacro.2004.11.003
ISSN: 0164-0704
Files associated with this item
Files | Size | Format | View |
---|---|---|---|
There are no files associated with this item. |
Collections
Related items
Showing items related by title, author, creator and subject.
-
Title:A China policy is not an Asia policy, but no Asia policy is without a China policy Author(s):REITERER, MichaelDate:2021Type:OtherSeries/Number:Policy Briefs; 2021/50; Global Governance Programme; EU-Asia Project; [Europe in the World]Abstract:The EU’s Indo-Pacific Strategy and its strategic partnerships in Asia spell out areas of cooperation where the EU can contribute in deeds, not words, to remain a regional player in its own right and capabilities. Adding ...
-
Title:Europe, the US and the ‘Policy of the Pendulum’: The Importance of Foreign Policy Paradigms in the Foreign Policy of Italy (1989-2005) Author(s):BRIGHI, ElisabettaDate:2007Citation:Journal of Southern Europe and the Balkans, 2007, 9,2, 99-115Type:Article
-
Title:Between policy failure and policy success : bricolage, experimentalism and translation in policy transfer Author(s):STONE, Diane Lesley Date:2020Citation:Claire DUNLOP (ed.), Policy learning and policy failure, Bristol ; Chicago : Policy Press, 2020, New perspectives in policy and politics, pp. 71-92Type:Contribution to bookAbstract:This chapter re-assesses some of the literature on policy transfer (see for example, Benson and Jordan, 2011; Dolowitz and Marsh, 2000; Evans and Davies, 1999) and policy diffusion (see for example, Dobbin et al, 2007; ...