| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12133 |
| DP12133 Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence | |
| Roel Beetsma; Oana Furtuna; Massimo Giuliodori; Haroon Mumtaz | |
| 发表日期 | 2017-07-06 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Based on a newly-constructed narrative dataset on fiscal consolidation announcements for thirteen EU countries over the period 1978-2013, a panel VAR analysis shows that revenue-based consolidation announcements affect economic activity more adversely than do spending-based announcements. The combination of larger actual follow-up and larger revenue multipliers helps to explain the difference. The unique nature of our dataset allows to control for fiscal anticipation and the confidence channel following the announcements. The confidence channel has an important role in explaining the difference in the multipliers following the two types of announcements. |
| 主题 | International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Fiscal consolidation announcements Follow-up Fiscal multipliers Confidence Panel vector auto-regression Narrative identification |
| URL | https://cepr.org/publications/dp12133-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540944 |
| 推荐引用方式 GB/T 7714 | Roel Beetsma,Oana Furtuna,Massimo Giuliodori,et al. DP12133 Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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