메뉴 건너뛰기




Volumn 93, Issue 3-4, 2009, Pages 559-585

The general equilibrium effects of fiscal policy: Estimates for the Euro area

Author keywords

Bayesian estimation; Distortionary taxation; DSGE modeling; Fiscal policy

Indexed keywords


EID: 61549110200     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpubeco.2008.09.010     Document Type: Article
Times cited : (199)

References (55)
  • 3
    • 61549125539 scopus 로고
    • Costi e profitti nell'industria in senso stretto: un'analisi su serie trimestrali, 1970-1980
    • Barbone L., Bodo G., and Visco I. Costi e profitti nell'industria in senso stretto: un'analisi su serie trimestrali, 1970-1980. Bank of Italy Economic Bulletin 36 (1981)
    • (1981) Bank of Italy Economic Bulletin , Issue.36
    • Barbone, L.1    Bodo, G.2    Visco, I.3
  • 7
    • 0001274822 scopus 로고
    • Consumption, income and interest rate: reinterpreting the time series evidence
    • Blanchard O.J., and Fisher S. (Eds), MIT Press
    • Campbell J.Y., and Mankiw G. Consumption, income and interest rate: reinterpreting the time series evidence. In: Blanchard O.J., and Fisher S. (Eds). NBER Macroeconomics Annual 1989 (1989), MIT Press
    • (1989) NBER Macroeconomics Annual 1989
    • Campbell, J.Y.1    Mankiw, G.2
  • 8
    • 85015971118 scopus 로고    scopus 로고
    • How much structure in empirical models?
    • Palgrave Handbook of Economics
    • Canova F. How much structure in empirical models?. Palgrave Handbook of Economics. Applied Econometrics vol. 2 (2008)
    • (2008) Applied Econometrics , vol.2
    • Canova, F.1
  • 9
    • 27744538598 scopus 로고    scopus 로고
    • Tax ratios on labour and capital income and consumption
    • Carey D., and Rabesona J. Tax ratios on labour and capital income and consumption. OECD Economic Studies 35 2 (2002)
    • (2002) OECD Economic Studies , vol.35 , Issue.2
    • Carey, D.1    Rabesona, J.2
  • 10
    • 61549131852 scopus 로고    scopus 로고
    • Government consumption expenditures and the current account
    • Cavallo M. Government consumption expenditures and the current account. Public Finance and Management 7 1 (2007)
    • (2007) Public Finance and Management , vol.7 , Issue.1
    • Cavallo, M.1
  • 13
    • 0001251352 scopus 로고
    • Best linear unbiased interpolation, distribution, and extrapolation of time series by related series
    • Chow G.C., and Lin A.L. Best linear unbiased interpolation, distribution, and extrapolation of time series by related series. Review of Economics and Statistics 53 (1971)
    • (1971) Review of Economics and Statistics , vol.53
    • Chow, G.C.1    Lin, A.L.2
  • 16
    • 33747063018 scopus 로고    scopus 로고
    • Does government spending crowd in private consumption? Theory and empirical evidence for the Euro area
    • Coenen G., and Straub R. Does government spending crowd in private consumption? Theory and empirical evidence for the Euro area. International Finance 8 (2005)
    • (2005) International Finance , vol.8
    • Coenen, G.1    Straub, R.2
  • 17
    • 48949120103 scopus 로고    scopus 로고
    • Tax reform and labour-market performance in the Euro area: a simulation-based analysis using the new area-wide model
    • Coenen G., McAdam P., and Straub R. Tax reform and labour-market performance in the Euro area: a simulation-based analysis using the new area-wide model. Journal of Economic Dynamics and Control 32 8 (2008)
    • (2008) Journal of Economic Dynamics and Control , vol.32 , Issue.8
    • Coenen, G.1    McAdam, P.2    Straub, R.3
  • 19
    • 61549111403 scopus 로고    scopus 로고
    • Convergence of fiscal policies in the Euro area, chapter 4
    • Buti M., Von Hagen J., and Martinez-Mongay C. (Eds)
    • De Bandt O., and Mongelli F.P. Convergence of fiscal policies in the Euro area, chapter 4. In: Buti M., Von Hagen J., and Martinez-Mongay C. (Eds). The Behavior of Fiscal Authorities, Palgrave (2002)
    • (2002) The Behavior of Fiscal Authorities, Palgrave
    • De Bandt, O.1    Mongelli, F.P.2
  • 25
    • 0040428034 scopus 로고    scopus 로고
    • Cyclical effects of government employment and goods purchases
    • Finn M.G. Cyclical effects of government employment and goods purchases. International Economic Review 39 3 (1998)
    • (1998) International Economic Review , vol.39 , Issue.3
    • Finn, M.G.1
  • 26
    • 33750937617 scopus 로고    scopus 로고
    • Cyclical sensitivity of fiscal policies based on real time data
    • Forni L., and Momigliano S. Cyclical sensitivity of fiscal policies based on real time data. Applied Economics Quarterly 50 3 (2004)
    • (2004) Applied Economics Quarterly , vol.50 , Issue.3
    • Forni, L.1    Momigliano, S.2
  • 30
    • 0242306004 scopus 로고    scopus 로고
    • Fiscal policy and monetary integration in Europe
    • Galí J., and Perotti R. Fiscal policy and monetary integration in Europe. Economic Policy 37 (2003)
    • (2003) Economic Policy , vol.37
    • Galí, J.1    Perotti, R.2
  • 34
    • 0347799008 scopus 로고    scopus 로고
    • The new Neoclassical synthesis and the role of monetary policy
    • Goodfriend M., and King R.J. The new Neoclassical synthesis and the role of monetary policy. NBER Macroeconomics Annual (1997)
    • (1997) NBER Macroeconomics Annual
    • Goodfriend, M.1    King, R.J.2
  • 35
    • 85045165108 scopus 로고    scopus 로고
    • The short term impact of government budgets on prices: evidence from macroeconomic models
    • Henry J., Hernandez de Cos P., and Momigliano S. The short term impact of government budgets on prices: evidence from macroeconomic models. ECB Working Paper No. 396 (2004)
    • (2004) ECB Working Paper No. 396
    • Henry, J.1    Hernandez de Cos, P.2    Momigliano, S.3
  • 36
    • 0001661028 scopus 로고    scopus 로고
    • Constructing and estimating a realistic optimizing model of monetary policy
    • Kim J. Constructing and estimating a realistic optimizing model of monetary policy. Journal of Monetary Economics 45 (2000)
    • (2000) Journal of Monetary Economics , vol.45
    • Kim, J.1
  • 39
    • 0039765354 scopus 로고    scopus 로고
    • The savers-spenders theory of fiscal policy
    • Mankiw N.G. The savers-spenders theory of fiscal policy. American Economic Review 90 2 (2000)
    • (2000) American Economic Review , vol.90 , Issue.2
    • Mankiw, N.G.1
  • 41
    • 33747031196 scopus 로고    scopus 로고
    • Some stylized facts on fiscal policy in the Euro area
    • Marcellino M. Some stylized facts on fiscal policy in the Euro area. Journal of Macroeconomics 28 (2006)
    • (2006) Journal of Macroeconomics , vol.28
    • Marcellino, M.1
  • 42
    • 12944299324 scopus 로고
    • Effective tax rates in macroeconomics: cross-country estimates of tax rates on factor incomes and consumption
    • Mendoza E.G., Razin A., and Tesar L.L. Effective tax rates in macroeconomics: cross-country estimates of tax rates on factor incomes and consumption. Journal of Monetary Economics 34 3 (1994)
    • (1994) Journal of Monetary Economics , vol.34 , Issue.3
    • Mendoza, E.G.1    Razin, A.2    Tesar, L.L.3
  • 44
    • 84907668401 scopus 로고    scopus 로고
    • New-Keynesian or RCB transmission? The effects of fiscal shocks in labor markets
    • Pappa E. New-Keynesian or RCB transmission? The effects of fiscal shocks in labor markets. CEPR Discussion Paper n. 5313 (2005)
    • (2005) CEPR Discussion Paper n. 5313
    • Pappa, E.1
  • 45
    • 78650802774 scopus 로고    scopus 로고
    • Estimating the effects of fiscal policy in OECD countries
    • Perotti R. Estimating the effects of fiscal policy in OECD countries. CEPR Discussion Paper No. 4842 (2005)
    • (2005) CEPR Discussion Paper No. 4842
    • Perotti, R.1
  • 46
    • 45849111375 scopus 로고    scopus 로고
    • In search of the transmission mechanism of fiscal policy
    • Perotti R. In search of the transmission mechanism of fiscal policy. NBER Macroeconomics Annual 2007 (2007)
    • (2007) NBER Macroeconomics Annual 2007
    • Perotti, R.1
  • 48
    • 34548814734 scopus 로고    scopus 로고
    • Vector autoregressions and reduced form representations of DSGE models
    • Ravenna F. Vector autoregressions and reduced form representations of DSGE models. Journal of Monetary Economics 54 (2007)
    • (2007) Journal of Monetary Economics , vol.54
    • Ravenna, F.1
  • 50
    • 84934563476 scopus 로고
    • Oligopolistic pricing and the effects of aggregate demand on economic activity
    • Rotemberg J.J., and Woodford M. Oligopolistic pricing and the effects of aggregate demand on economic activity. Journal of Political Economy 100 6 (1992)
    • (1992) Journal of Political Economy , vol.100 , Issue.6
    • Rotemberg, J.J.1    Woodford, M.2
  • 51
    • 61549113322 scopus 로고    scopus 로고
    • The fiscal theory of the price level: identifying restrictions and empirical evidence
    • Sala L. The fiscal theory of the price level: identifying restrictions and empirical evidence. IGIER Working Paper No. 257 (2004)
    • (2004) IGIER Working Paper No. 257
    • Sala, L.1
  • 53
    • 33646789814 scopus 로고    scopus 로고
    • Optimal fiscal and monetary policy in a medium-scale macroeconomic model
    • Schmitt-Grohé S., and Uribe M. Optimal fiscal and monetary policy in a medium-scale macroeconomic model. NBER Macroeconomics Annual 2005 (2006)
    • (2006) NBER Macroeconomics Annual 2005
    • Schmitt-Grohé, S.1    Uribe, M.2
  • 54
    • 77957241272 scopus 로고    scopus 로고
    • An estimated dynamic stochastic general equilibrium model of the Euro area
    • Smets F., and Wouters R. An estimated dynamic stochastic general equilibrium model of the Euro area. Journal of the European Economic Association 1 5 (2003)
    • (2003) Journal of the European Economic Association , vol.1 , Issue.5
    • Smets, F.1    Wouters, R.2
  • 55
    • 31344434581 scopus 로고    scopus 로고
    • The size and role of automatic fiscal stabilizers in the 1990s and beyond
    • van den Noord P. The size and role of automatic fiscal stabilizers in the 1990s and beyond. OECD Economics Department WP, No. 230 (2000)
    • (2000) OECD Economics Department WP, No. 230
    • van den Noord, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.