G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12133
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
URLhttps://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.
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