Browsing ECO Articles by Subject "fiscal policy"

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Browsing ECO Articles by Subject "fiscal policy"

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    Title: The Importance of Composition of Fiscal Policy: Evidence From Different Exchange Rate Regimes  Author(s): LANE, Philip R.; PEROTTI, Roberto Date: 2003 Type of Publication: Article Abstract: We study the macroeconomic effects of fiscal policies in an open economy. We emphasize two transmission mechanisms: the cost channel, by which wage government spending and labor taxes raise the real wage firms must pay, ...
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    Title: Fragmented Fiscal Policy  Author(s): PEROTTI, Roberto; KONTOPOULOS, Y. Date: 2002 Type of Publication: Article Abstract: This paper explores on a panel of 19 OECD countries the role of fragmentation indetermining fiscal outcomes over the 1970-95 period. We first define the notion of fragmentation of fiscal policy-making as the degree to which ...