Expansionary fiscal contractions? Evidence from panel data

Scandinavian Journal of Economics

Volumn 106, Issue 4, 2004, Pages 647-659

  Hogan, Vincent ^a  

^a UNIVERSITY COLLEGE DUBLIN   (Ireland)

Author keywords

Consumption; Fiscal policy; Saving

Indexed keywords

CONSUMPTION BEHAVIOR; FISCAL POLICY; OECD; PANEL DATA; PERFORMANCE ASSESSMENT; SAVINGS;

EID: 11244300665     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.0347-0520.2004.00381.x     Document Type: Article

References (12)

1. Ahtiala, P. and Kanto, A. (2002), Contractionary Effects of Expansionary Fiscal Policy: Theory and Tests, Economic Modelling 19, 137-152.
2. Alesina, A. and Perotti, R. (1995), Fiscal Expansions and Adjustments in OECD Countries, Economic Policy 21, 205-248.
3. Alesina, A. and Perotti, R. (1997), Fiscal Adjustment in OECD Countries: Composition and Macroeconomic Effects, International Monetary Fund Staff Papers 44, 210-248.
4. Bertola, G. and Drazen, A. (1993), Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity, American Economic Review 83, 11-26.
5. Blanchard, O. J. (1990), Comment, NBER Macroeconomics Annual 5, 111-116.
6. Giavazzi, F. and Pagano, M. (1990), Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries, NBER Macroeconomics Annual 5, 75-111.
7. Giavazzi, F. and Pagano, M. (1996), Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience, Swedish Economic Policy Review, 75-111.
8. Giavazzi, F., Pagano, M. and Jappelli, T. (2000), Searching for Non-linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries, European Economic Review 44, 1259-1289.
9. Hogan, V. (2001), Expansionary Fiscal Policy, Working Paper no. 2001/03, Department of Economics, University College Dublin.
10. Perotti, R. (1999), Fiscal Policy When Things Are Going Badly, Quarterly Journal of Economics 114, 1399-1436.
11. Pesaran, M. and Smith, R. (1995), Estimating Long Run Relationships from Dynamic Heterogeneous Panels, Journal of Econometrics 68, 79-113.
12. Pesaran, M., Smith, R. and Im, K. (1996), Dynamic Linear Models for Heterogeneous Panels, in L. Matyas and P. Sevestre (eds.), The Econometrics of Panel Data: A Handbook of Theory with Applications, Advanced Studies in Theoretical and Applied Econometrics 33, Kluwer Academic, London.