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5 edition of Empirical Approaches to Fiscal Policy Modelling (International Studies in Economic Modelling) found in the catalog.

Empirical Approaches to Fiscal Policy Modelling (International Studies in Economic Modelling)

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  • 35 Currently reading

Published by Springer .
Written in English


Edition Notes

ContributionsHeimler (Editor), Meulders (Editor)
The Physical Object
Number of Pages316
ID Numbers
Open LibraryOL7478685M
ISBN 100412449900
ISBN 109780412449901

-- Empirical evidence on the general equilibrium approach. -- Concluding comments. -- Part XI: The Portfolio Balance Approach to the Determination of the Exchange Rate. -- The portfolio balance model. -- Open market purchase of bonds: monetary policy. -- An increase in the supply of domestic bonds: fiscal policy. -- Asset preference shift. Halkos, George & Paizanos, Epameinondas, "Environmental Macroeconomics: A critical literature review and future empirical research directions," MPRA Paper , University Library of Munich, Gray & Tracey Lane & Aristomene Varoudakis, "Fiscal Policy and Economic Growth: Lessons for Eastern Europe and Central Asia," World Bank Publications, The World Bank, .

This page contains the complete book Macroeconomic Policy in a World Economy in pdf format for viewing, downloading, or printing. The book describes the theoretical form and the empirical estimation of a forward-looking multicountry model (sometimes called the Taylor Multicountry Model). Categories of empirical approaches 6 Economic theory, modeling, and connecting this to empirical work. (From theory to) empirical work; Doing economic modelling and theory; of a panel of governments’ monetary and fiscal policy, etc. They may focus on the ‘functional form’ of relationships in the data and the.

Monetary policy and fiscal policy are two major macroeconomic regulatory approaches in the context of market economy. In this paper, we did empirical study on the effects of monetary policy and fiscal policy in stimulating China's national economy growth based on IS-LM model. In addition, we also tried to find out if there are changes in the effects of monetary policy and fiscal policy before. The Effectiveness of Fiscal Policy in Stimulating Economic Activity An Empirical Investigation Emanuele Baldacci, Marco Cangiano, Selma Mahfouz, and Axel Schimmelpfennig1 November Preliminary draft. Comments welcome Abstract Recent years have seen a revival of the debate about the role of fiscal policy in stimulating economic activity.


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Empirical Approaches to Fiscal Policy Modelling (International Studies in Economic Modelling) Download PDF EPUB FB2

Empirical Approaches to Fiscal Policy Modelling (International Studies in Economic Modelling) [Heimler, Meulders] on *FREE* shipping on qualifying offers. Empirical Approaches to Fiscal Policy Modelling (International Studies in Economic Modelling).

Alberto Heimler and Daniele Meulders In the last decade the modelling of the interrelationship between public finance and the rest of the economy has seen substantial advances, reflected in many of the papers delivered to the Applied Econometrics Association Conference held at Confindustria, Rome, on 30 November and 1 December Get this from a library.

Empirical Approaches to Fiscal Policy Modelling. [Alberto Heimler; Daniele Meulders] -- This book contains a spectrum of empirical models of fiscal policy from acknowledged experts from a wide range of different developed countries.

There is a stress on the importance of tax policy. Empirical Approaches to Fiscal Policy Modelling. Editors: Heimler, Meulders (Eds Empirical Approaches to Fiscal Policy Modelling Editors.

Heimler; Meulders; Series Title International Studies in Economic Modelling *immediately available upon purchase as print book shipments may be delayed due to the COVID crisis. ebook access is. Home / Books / Non-Fiction / Business & Finance / Ecommerce / (ebook) Empirical Approaches to Fiscal Policy Modelling Locations where this product is available This item is not currently in stock in Dymocks stores - contact your local store to order.

Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e. the output response following an exogenous shock to fiscal policy) has been heatedly debated at the theoretical and empirical levels, both globally and in the South African context.

The empirical approach. In parallel to the model-based approach, the dynamic of macroeconomic variables is widely studied by applying various econometric techniques which propose estimations of fiscal multipliers by minimizing the theoretical relationship imposed on the variables taken into consideration.

Fiscal policy and economic growth: Empirical evidence from OECD countries, University of Cyprus Department of Economics, Working Paper, No Biswas, B., & Ram, R. Military expenditures and economic growth in less developed countries: An augmented model and further evidence, Economic Development and Cultural Change, 34(2), The economic implications of government expenditure have been shown to be significant and broad.

In particular, government spending has been shown to enhance long-run economic growth by increasing the level of human capital and Research and Development (R&D) expenditure, and by improving public infrastructure. On the other hand, there is evidence that a greater size of government spending may.

Empirical Approaches to Fiscal Policy Modelling. 45 Downloads; Part of the International Studies in Economic Modelling book series (ISIM) Abstract. The EEC trade liberalization, which will result in a reduction of import tariffs and export subsidies, as well as in the harmonization of indirect tax system in member states, is among the major.

ISBN: OCLC Number: Description: x, pages: illustrations ; 24 cm. Contents: Introduction / Alberto Heimler and Daniele. mixture of announcements of future changes in policy and immediate changes; and 3) the choice of the empirical model needed to design the experiment to measure the macroeconomic effects of austerity.

In each case, we describe some common approaches in the earlier literature and how our own recent work draws upon them.

The empirical results, obtained using an unbalanced panel data of 21 high-income OCDE countries during the period –, suggest that gross income inequality is a significant determinant of fiscal policy outcomes.

After making a "clear improvement" on the Andersen/Jordan model (using high employment receipts adjusted for inflation as the fiscal variable and two different versions of the monetary base), and re-running the "St.

Louis equation" on the basis of data from tothey proclaimed that, according to their findings, fiscal expenditures. Using a novel empirical approach and an extensive dataset developed by the Fiscal Affairs Department of the IMF, we find no evidence of any particular debt threshold above which medium-term growth.

Increasing levels of indebtedness may have reduced the fiscal space for fiscal policy intervention and this leaves monetary policy as the real tool of choice for macroeconomic stabilisation. The question we need to ask then is, how effective is this tool of choice.

Monthly time series data from were used in estimating the model. Downloadable. Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e. the output response following an exogenous shock to fiscal policy) has been heatedly debated at the theoretical and empirical levels, both globally and in the South African context.

volatility of fiscal policy has a direct and negative impact on long-term economic performance. De Ferranti et al. () attribute one third of macro volatility in Latin America to fiscal and monetary policy volatility. 5 Perry () looks at the particular case of fiscal rules.

His paper brings to. Fiscal Policy and Sectoral Output in Nigeria: A Multivariate Cointegration Approach, Journal of Economics and Development Studies1(2), 26– [34] Onwe, O. J., and Ph, D. Impacts of Fiscal Policy Components on Economic Growth in Nigeria: An Empirical Trend Analysis, Kuwait Chapter of Arabian Journal of Business and Management Review 4.

About the Book. Macroeconomics: Theory, Markets, and Policy provides complete, concise coverage of introductory macroeconomics theory and policy. It examines the Canadian economy as an economic system, and embeds current Canadian institutions and approaches to monetary policy and fiscal policy within that system.

Fiscal Deficit and Inflation: An empirical analysis for India. Article (PDF Available) in Romanian journal of economic forecasting January with 4, Reads How we measure 'reads'.Clearly, when one is trying to estimate the effects of a specific fiscal policy, one must be aware of which macroeconomic model is being used, along with other factors like persistence of a path of government spending, how it is financed, and many other characteristics such as the exchange rate regime.

A Summary of Leading Empirical Approaches.U.S. to use fiscal policy "to promote maximum employment, production, and purchasing power." Indeed, a course in macroeconomics until quite recently was typically devoted almost entirely to the ideas of Keynes.

U.S. Experience with Fiscal Policy At the high tide of belief in Keynesian fiscal policy .