The impact of fiscal shocks on the Irish economy

Economic and Social Review

Volumn 40, Issue 4, 2009, Pages 407-434

  Bénétrix, Agustín S ^a   Lane, Philip R ^b  

^a TRINITY COLLEGE DUBLIN   (Ireland)

^b CEPR   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

FISCAL REFORM; INVESTMENT; PUBLIC SPENDING; REAL EXCHANGE RATE; WAGE;

IRELAND;

EID: 75449096218     PISSN: 00129984     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (35)

1. BEETSMA, R., 2008. "A Survey of the Effects of Discretionary Policy", mimeo, University of Amsterdam.
2. BEETSMA, R., M. GIULIODORI and F. KLAASSEN, 2006. "Trade Spill-Overs of Fiscal Policy in the European Union: A Panel Analysis", Economic Policy, Vol.21, No.48, pp. 639-687.
3. BEETSMA, R., M. GIULIODORI and F. KLAASSEN, 2008. 'The Effects of Public Spending Shocks on Trade Balances and Budget Deficits in European Union", Journal of the European Economic Association, Vol. 6, No. 2-3, pp. 414-423.
4. BÉNÉTRIX, A. S. and P. R. LANE, 2009a. "Fiscal Shocks and the Real Exchange Rate", IIIS Discussion Paper No. 286.
5. BÉNÉTRIX, A. S. and P. R. LANE, 2009b. "Fiscal Shocks and the Sectoral Composition of Output", IIIS Discussion Paper No. 294.
6. BLANCHARD, O. and R. PEROTTI, 2002. "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output", The Quarterly Journal of Economics, Vol.117, No.4, pp. 1329-1368.
7. BURNSIDE, C., M. EICHENBAUM and J. D. M. FISHER, 2004. "Fiscal Shocks and their Consequences", Journal of Economic Theory, Vol.115, No.1, pp. 89-117.
8. CANOVA, F. and G. DE NICOLÓ, 2002. "Monetary Disturbances Matter for Business Fluctuations in the G-7", Journal of Monetary Economics, Vol.49, No.6, pp. 1131-1159.
9. CANOVA, F. and E. PAPPA, 2007. "Price Differentials in Monetary Unions: The Role of Fiscal Shocks", Economic Journal, Vol.117, pp. 713-737.
10. CANZONERI, M. B., R. E. CUMBY and B. DIBA, 1999. "Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries", Journal of International Economics, Vol.47, No.2, pp. 245-266.
11. CAVALLO, M., 2005. "Government Employment Expenditure and the Effects of Fiscal Policy Shocks", Federal Reserve Bank of San Francisco, Working Paper No. 16.
12. CAVALLO, M., 2007. "Goverment Consumption Expenditure and the Current Account", Public Finance and Management, Vol.7, pp. 73-115.
13. CORSETTI, G. and G. J. MÜLLER, 2006. "Twin Deficits: Squaring Theory, Evidence and Common Sense", Economic Policy, Vol.21, No.48, pp. 597-638.
14. EDELBERG, W, M. EICHENBAUM and J. D. M. FISHER, 1999. "Understanding the Effects of a Shock to Government Purchases", Review of Economic Dynamics, Vol.2, No.1, pp. 166-206.
15. GALSTYAN, V. and P. R. LANE, 2009a. "Fiscal Policy and International Competitiveness: Evidence from Ireland", The Economic and Social Review, Vol.40, pp. 299-315.
16. GALSTYAN, V. and P. R. LANE, 2009b. "The Composition of Government Spending and the Real Exchange Rate", Journal of Money, Credit and Banking, Vol.41, pp. 1233-1249.
17. GIORDANO, R., S. MOMIGLIANO, S. NERI and R. PEROTTI, 2007. "The Effects of Fiscal Policy in Italy: Evidence from a VAR Model," European Journal of Political Economy, Vol.23, No.3, pp. 707-733.
18. LANE, P. R. and R. PEROTTI, 2003. "The Importance of Composition of Fiscal Policy: Evidence from Different Exchange Rate Regimes", Journal of Public Economics, Vol.87, No.9-10, pp. 2253-2279.
19. MONACELLI, T. and R. PEROTTI, 2009. "Fiscal Policy, the Real Exchange Rate and Traded Goods", Economic Journal, forthcoming.
20. MONACELLI, T. and R. PEROTTI, 2008. "Openness and the Sectoral Effects of Fiscal Policy", Journal of the European Economic Association, Vol.6, No.2-3, pp. 395-403.
21. MOUNTFORD, A. and H. UHLIG, 2009. "What are the Effects of Fiscal Policy Shocks?", Journal of Applied Econometrics, forthcoming.
22. OBSTFELD, M., 2009. "Time of Troubles: The Yen and Japan's Economy, 1985-2008", mimeo, Berkeley: University of California.
23. OBSTFELD, M. and K. ROGOFF, 1996. "Foundations of International Macro-economics", Cambridge, MA: MIT Press.
24. OBSTFELD, M. and K. ROGOFF, 2001. "Perspectives on OECD Capital Market Integration: Implications for U.S. Current Account Adjustment", in Federal Reserve Bank of Kansas City Global Economic Integration: Opportunities and Challenges, pp. 169-208.
25. OBSTFELD, M. and K. ROGOFF, 2005. "Global Current Account Imbalances and Exchange Rate Adjustments" in William Brainard and George Perry (eds.), Brookings Papers on Economic Activity 1, pp. 67-146.
26. OBSTFELD, M. and K. ROGOFF, 2007. 'The Unsustainable U.S. Current Account Position Revisited" in Richard Clarida (ed.), G7 Current Account Imbalances: Sustainability and Adjustment, University of Chicago Press.
27. OECD, 2005. "Economic Outlook," Paris: OECD.
28. PAPPA, E., 2005. "New-Keynesian or RBC Transmission? The Effects of Fiscal Policy in Labor Markets," CEPR Discussion Paper No. 5313.
29. PEROTTI, R., 2004. "Estimating the Effects of Fiscal Policy in OECD Countries" CEPR Discussion Paper.
30. PEROTTI, R., 2007. "In Search of the Transmission Mechanism of Fiscal Policy," NBER Working Paper No. 13143.
31. RAMEY, V. A., 2008. "Identifying Government Spending Shocks: It's AU in the Timing," UCSD Institute for Applied Economics, Working Paper.
32. RAMEY, V. A. and M. D. SHAPIRO, 1998. "Costly Capital Reallocation and the Effects of Government Spending", Carnegie-Rochester Conference Series on Public Policy, Vol.48, pp. 145-194.
33. RAVN, M., S. SCHMITT-GROHÉ and M. URIBE, 2007. "Explaining the Effects of Government Spending Shocks on Consumption and Real Exchange Rate," NBER Working Paper No. 13328.
34. ROMER C. and D. ROMER, 2009. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks", American Economic Review, forthcoming.
35. UHLIG, H., 2005. "What are the Effects of Monetary Policy on Output? Results from an Agnostic Identification Procedure", Journal of Monetary Economics, Vol.52, No.2, pp. 381-419.