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Monday, July 27, 2020 | History

3 edition of Fiscal shocks and their consequences found in the catalog.

Fiscal shocks and their consequences

Craig Burnside

Fiscal shocks and their consequences

by Craig Burnside

  • 364 Want to read
  • 1 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Wages -- Econometric models,
  • Business cycles -- Econometric models,
  • Fiscal policy -- United States -- Econometric models,
  • Government purchasing -- United States -- Econometric models,
  • Taxation -- United States -- Econometric models

  • Edition Notes

    StatementCraig Burnside, Martin Eichenbaum, Jonas Fisher.
    SeriesNBER working paper series -- no. 9772., Working paper series (National Bureau of Economic Research) -- working paper no. 9772.
    ContributionsEichenbaum, Martin S., Fisher, Jonas D. M. 1965-, National Bureau of Economic Research.
    The Physical Object
    Pagination36, [8] p. :
    Number of Pages36
    ID Numbers
    Open LibraryOL17614794M
    OCLC/WorldCa52522551

      'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and 2/5(1). What are the distributional consequences of fiscal austerity measures? This is an important policy question. This paper analyzes the effects of fiscal policies on income inequality in a panel of advanced and emerging market economies over the last three decades, complemented by a case study of selected consolidation episodes.

    framework. We estimate and quantify the fiscal consequences of natural disasters using quarterly fiscal and disaster data for a large panel of countries. In our estimations, we employ a panel VAR framework that is similar to Burnside et al. (Journal of Economic Theory, ), that also controls for the business cycle. We find fiscal behavior in the. Motivation: electoral history I 8 patterns of party control at the Federal level (combination of President-Senate-House). I The 6 elections between and have produced 5 out of these 8 patterns. I Tie with and for the highest electoral instability in U.S. history. I Ideological indexes suggest that the electoral instability of and .

      Countries in the Middle East and North Africa face a dual shock from the COVID pandemic and a collapse in oil prices. This column explores the policy options available to deal with such shocks, arguing that authorities should sequence and tailor their responses. MENA countries should first focus on responding to the health emergency and economic depression, . on the sources and consequences of oil price shocks Download on the sources and consequences of oil price shocks or read online books in PDF, EPUB, Tuebl, and Mobi Format. Click Download or Read Online button to get on the sources and consequences of oil price shocks book now. This site is like a library, Use search box in the widget to get.


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Fiscal shocks and their consequences by Craig Burnside Download PDF EPUB FB2

Fiscal Shocks and Their Consequences. We analyzed the effects of fiscal shocks on the agricultural job market of the Brazilian states from a panel. COVID Resources.

Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle.

Downloadable (with restrictions). This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates on capital and labor income, and a persistent.

Get this from a library. Fiscal shocks and their consequences. [Craig Burnside; Martin S Eichenbaum; Jonas D M Fisher; National Bureau of Economic Research.] -- Abstract: This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S.

during the post World War II era. We identify these shocks with exogenous changes in. Downloadable. This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates on capital and labor income, and a persistent rise in.

The macroeconomic effects of tax changes: estimates based on a new measure of fiscal shocks. American Economic Review, (3), – Schmitt-Grohe, S. and Uribe, M. ().Author: Carlo Ambrogio Favero, Carlo Ambrogio Favero, Madina Karamysheva. Burnside, M. Eichenbaum and J. Fisher, “Fiscal Shocks and Their Conse-quences,” Journal of Economic Theory, Vol.No.

1,pp. doi/S in our model), they analyze government spending shocks in different combinations of regimes (see also Davig and Leeper ). To the best of our knowledge, our paper is the first attempt to characterize the dynamic consequences of unexpected changes to fiscal volatility shocks.

At theFile Size: 1MB. These shocks are specified as revenue or spending shocks by the government. In Mountford and Uhlig (), the sign restrictions are specified while determining the behavior of fiscal policy.

Causes and Consequences of Fiscal Imbalance in Tigray - Focus on Wukro & Maichew Weredas - Tedros Bezabeh - Master's Thesis - Politics - International Politics - Topic: Miscellaneous - Publish your bachelor's or master's thesis, dissertation, term paper or essay. Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities.

Discipline is especially important if countries, industrial as well as developing, are to successfully meet the challenges, and reap the benefits, of economic and financial globalization.

Lack of fiscal discipline generally stems from the. Ramey: w Identifying Government Spending Shocks: It's All in the Timing: Burnside, Eichenbaum, and Fisher: w Fiscal Shocks and Their Consequences: Mountford and Uhlig: w What are the Effects of Fiscal Policy Shocks?: Edelberg, Eichenbaum, and Fisher: w Understanding the Effects of a Shock to Government Purchases: Perotti: w In Search of Cited by:   The recession that began in late severely reduced state tax revenue and increased demand for many public services.

In the near term, institutional and political factors limit the options states have for cutting spending and raising taxes. Aid to states in the federal economic program is winding down next year and the situation is likely to get worse before it.

But fiscal rules should also allow for sufficient flexibility to respond to unforeseen economic events. Otherwise, governments will abandon their rules just as they are most needed to reassure lenders.

Fiscal rules have been a feature of the UK policy environment sincebut their success has been mixed. Monetary and Fiscal Options in the Event of a ‘No-Deal Brexit’ the fact that a no-deal Brexit would have some distributional consequences.

But monetary and fiscal measures as ‘blunt’ instruments can be used temporarily to ease the transition of the UK economy to a new trading equilibrium. shocks and may reduce the space Author: Jagjit S.

Chadha. These pro-cyclical fiscal dynamics are likely to worsen the adverse consequences of natural disasters on middle- and low-income countries.

We quantify these dynamics. The canton of Unterwald in Switzerland is frequently ravaged by storms and inundations, and is thereby exposed to extraordinary by: Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned.

The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. The topic of Section 3 is monetary shocks and their effects on the macroeconomy.

The section summarizes the existing literature and the challenges to identification. It then explores the effects of several leading monetary shocks in a framework that incorporates some of the newer innovations.

Section 4 discusses fiscal shocks. It begins by Cited by: The Economic and Fiscal Consequences of Immigration assesses the impact of dynamic immigration processes on economic and fiscal outcomes for the United States, a major destination of world population movements.

This report will be a fundamental resource for policy makers and law makers at the federal, state, and local levels but extends to the. The total of the components of spending in the economy, added to get GDP: Y = C + I + G + X – M. It is the total amount of demand for (or expenditure on) goods and services produced in the economy.

See also: consumption, investment, government spending, exports, imports. As a result, changes in current income influence spending, affecting the. Fiscal Shocks and their Consequences, Journal of Economic Theory, (1), BORYS, P., CIŻKOWICZ, P., RZOŃCA, A. (). Panel Data Evidence on the Effects of Fiscal Impulses in the EU New Member : Rajmund Mirdala, Martin Kameník.Fiscal Volatility Shocks and Economic Activity Jesus Fern andez-Villaverde, Pablo Guerr on-Quintana, Keith Kuester, and Juan Rubio-Ram rez Septem Abstract We study the e ects of changes in uncertainty about future scal policy on aggregate eco-nomic activity.

First, we estimate tax and spending processes for the U.S. that allow for time.banks, households, financial institutions and sovereigns, and studies their aftermath––in terms of short- and medium-term growth impacts, and financial and fiscal consequences.

It includes contributions from outstanding scholars working on financial crises and a select set of papers produced by researchers at the by: