Last edited by Sazshura
Tuesday, August 11, 2020 | History

2 edition of Consumption smoothing through fiscal policy in OECD and EU countries found in the catalog.

Consumption smoothing through fiscal policy in OECD and EU countries

Adriana Arreaza

Consumption smoothing through fiscal policy in OECD and EU countries

by Adriana Arreaza

  • 93 Want to read
  • 19 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Consumption (Economics) -- Government policy -- OECD countries -- Econometric models.,
  • Consumption (Economics) -- Government policy -- European Union countries -- Econometric models.,
  • Deficit financing -- OECD countries -- Econometric models.,
  • Deficit financing -- European Union countries -- Econometric models.,
  • Expenditures, Public -- European Union countries -- Econometric models.,
  • Expenditures, Public -- OECD countries -- Econometric models.,
  • Transfer payments -- OECD countries -- Econometric models.,
  • Transfer payments -- European Union countries -- Econometric models.

  • About the Edition

    We measure the amount of smoothing achieved through various components of the government deficit in EU and OECD countries. For EU countries, at the 1-year frequency percent of shocks to GDP are smoothed via government consumption, 18 percent via transfers, 5 percent via subsidies, while taxes provide no smoothing. The results for OECD countries are similar. Government transfers provide more smoothing of negative than of positive shocks among EU countries. There seems to be no trade-off between high government deficits in a country and the ability to smooth consumption. We find that in countries where there is delegation" of power or where fiscal targets are negotiated effectively by coalition members, consumption smoothing via government consumption and government transfers is considerably higher. We interpret this finding as evidence that effective budgetary institutions can accomplish efficient consumption smoothing via government deficit spending and lower average deficits.

    Edition Notes

    StatementAdriana Arreaza, Bent E. Sørensen, Oved Yosha.
    SeriesNBER working paper series -- working paper 6372, Working paper series (National Bureau of Economic Research) -- working paper no. 6372.
    ContributionsSørensen, Bent E., Yosha, Oved., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1 .W654 no. 6372
    The Physical Object
    Pagination34 p. ;
    Number of Pages34
    ID Numbers
    Open LibraryOL22403993M

      The Distributional Effects of Consumption Taxes in OECD Countries OECD Tax Policy Studies This series examines a range of tax policy issues to help policy makers design tax policies that are suited to their countries’ objectives. Previous OECD publications have tracked the fiscal policy responses adopted by OECD governments during the early years of the crisis (). This book takes stock of how these responses have evolved and in recent years, up to /

    policy for a panel of 22 OECD countries during – We find: (i) considerable support for the predictions of Barro () with respect to the effects of the structure of taxation and expenditure on growth; (ii) that mis-specification of the government budget constraint leads to Cited by: identically. Nevertheless, these studies increasingly find that various fiscal policy variables impact significantly on ‘long-run’ growth. This paper provides new evidence on the long-run impact of taxes and public expenditures on growth in OECD countries, whilst allowing for File Size: KB.

    Fiscal Policy for Economic Development: An Overview ( kb pdf file) Benedict Clements, Sanjeev Gupta, and Gabriela Inchauste: I. Macroeconomic Policy in Developing Countries: 2. Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries. fiscal policy and its effect on economic growth. Aim This paper aims to further identify and analyse the relationship between economic growth and government spending. Specifically, I aim to investigate the multiplier effect on government spending, in terms of consumption of goods and services, in a panel of 30 OECD countries.


Share this book
You might also like
UNFPA

UNFPA

In training

In training

Colorectal cancer in clinical practice

Colorectal cancer in clinical practice

Old Vic drama

Old Vic drama

Sesquicentennial of St. Pauls Anglican Church, Uxbridge, Ontario, 1834-1984.

Sesquicentennial of St. Pauls Anglican Church, Uxbridge, Ontario, 1834-1984.

Leadership handbook

Leadership handbook

GST, goods and services tax

GST, goods and services tax

Natural Disasters

Natural Disasters

Transposition for music students

Transposition for music students

Modern tilemaking.

Modern tilemaking.

Constraints and conflicts in urban redevelopment

Constraints and conflicts in urban redevelopment

Tintins moon adventure painting, book

Tintins moon adventure painting, book

EXPERiMENTAL DESIGN users manual

EXPERiMENTAL DESIGN users manual

Literary and social essays

Literary and social essays

study in tautomerism

study in tautomerism

Consumption smoothing through fiscal policy in OECD and EU countries by Adriana Arreaza Download PDF EPUB FB2

3 Consumption Smoothing through Fiscal Policy in OECD and EU Countries Adriana Arreaza, Bent E. S#rensen, and Oved Yosha Introduction There is wide agreement that large government budget deficits are undesir- able.

The main argument is that a deficit forces the government to borrow. Consumption Smoothing through Fiscal Policy in OECD and EU Countries Adriana Arreaza, Bent E. Sgrensen, Oved Yosha.

Chapter in NBER book Fiscal Institutions and Fiscal Performance (), James M. Poterba and Jürgen von Hagen, editors (p. 59 - 80) Published in Cited by: Downloadable. We measure the amount of smoothing achieved through various components of the government deficit in EU and OECD countries.

For EU countries, at the 1-year frequency percent of shocks to GDP are smoothed via government consumption, 18 percent via transfers percent via subsidies, while taxes provide no smoothing.

The results for OECD countries are similar. We measure the amount of smoothing achieved through various components of the government deficit in Eu and OECD countries. For EU countries, at the 1-year frequency, 13 % of shocks to GDP are. Get this from a library. Consumption smoothing through fiscal policy in OECD and EU countries.

[Adriana Arreaza; Bent E Sørensen; Oved Yosha; National Bureau of Economic Research.] -- We measure the amount of smoothing achieved through various components of the government deficit in EU and OECD countries.

For EU countries, at the 1-year frequency percent of shocks to GDP are. Downloadable. We measure the amount of smoothing achieved through various components of the government deficit in Eu and OECD countries. For EU countries, at the 1-year frequency, 13 % of shocks to GDP are smoothed via government consumption, 18 percent via transfers, 5 % via subsidies, while taxes provide no smoothing.

The results for OECD countries are similar. A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms Andrés Velasco 3. Consumption Smoothing through Fiscal Policy in OECD and EU Countries Adriana Arreaza, Bent E.

Sørensen, and Oved Yosha 4. Government Fragmentation and Fiscal Policy Outcomes: Evidence from OECD Countries Yianos Kontopoulos and Roberto Perotti 5. 2. A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms Andrés Velasco 3.

Consumption Smoothing through Fiscal Policy in OECD and EU Countries Adriana Arreaza, Bent E. Sørensen, and Oved Yosha 4. Government Fragmentation and Fiscal Policy Outcomes: Evidence from OECD Countries Yianos Kontopoulos and Roberto Perotti : James M.

Poterba. Arreaza, A., B. Sorensen and O. Yosha (), ‘Consumption Smoothing through Fiscal Policy in OECD and EU Countries’, in J. Poterba and J. von Hagen (eds), Fiscal Institutions and Fiscal Performance, Chicago, IL: University of Chicago Press, 59– Google ScholarCited by: This book sheds light on the use of tax expenditures, mainly through a study of ten OECD countries: Canada, France, Germany, Japan, Korea, Netherlands, Spain, Sweden, the United Kingdom and the United States.

It highlights key trends and successful practices. Another reason is particular for EU-countries, for whom the commitments to the Stability and Growth Pact imply that only when there is 1 For discussion on discretionary fiscal policy see for Author: Jacques Melitz.

OECD's activities in this area date from Through workshops and publications, work has focussed on policy reviews of GPP programmes and initiatives in OECD member countries, as well as the examination of institutional factors which facilitate or hinder their success.

Consumption Smoothing through Fiscal Policy in OECD and EU Countries, pp Adriana Arreaza, Bent E. Sgrensen and Oved Yosha Government Fragmentation and Fiscal Policy Outcomes: Evidence from OECD Countries, pp Yianos Kontopoulos and Roberto Perotti Institutional Arrangements and Fiscal Performance: The Latin American Experience, pp Cited by: Consumption smoothing and shock persistence: optimal simple fiscal rules for commodity exporters (English) Abstract.

A common criticism of balanced budget fiscal rules is that they increase the consumption volatility of financially constrained households who are unable to smooth : Arthur Galego Mendes, Steven Michael Pennings. One of the available and yet controversial tools in cultural policy at the national level is the reduction of VAT rates for cultural goods and services.

We document the standard and reduced VAT rates in EU countries in the period from to and explore the underlying determinants. We further introduce a simple theoretical framework to explain how reduced fiscal rates are expected to Cited by: 7. This paper explores in a yearly panel of nineteen OECD countries from – the effects of fiscal policy changes on private consumption in recessions and expansions.

In the presence of binding liquidity constraints on households, fiscal policy is more effective in boosting private consumption in recessions than in by: increase in VAT rates for books has a causal influence on book consumption. The book angle is also particularly interesting in light of current policy developments.

France and Luxembourg were two EU countries that introduced a reduced VAT rate also for e-books. Fiscal multiplier in the nonlinear specification. In general, the results of the nonlinear specification suggest that fiscal multipliers after a government spending shock are substantially higher in times of recession than during an expansionary period for the two broader groups of countries (including the whole sample of OECD countries and EU member states).Cited by: 5.

Sadka, eds. Globalization: Public Economics Policy Perspectives, Cambridge Uni-versity PressNew York. (With Oved Yosha.) \Consumption Smoothing through Fiscal Policy in OECD and EU Countries." In J.

Poterba and J. von Hagen, eds. Fiscal Institutions and Fiscal Performance, Chicago University PressSize: 81KB. Sadka, eds. Globalization: Public Economics Policy Perspectives, Cambridge Uni-versity PressNew York.

(With Oved Yosha.) \Consumption Smoothing through Fiscal Policy in OECD and EU Countries." In J. Poterba and J.

von Hagen, eds. Fiscal Institutions and Fiscal Performance, Chicago University PressChicago. Inthe world was reminded that even the rich countries can suffer from economic crises, and the importance of fiscal policy in deep recessions was reaffirmed.

Unfortunately for the Eurozone, the hardest-hit countries were unable to implement the necessary fiscal stimulus because of fears of sovereign debt crises.Economic and fiscal policy coordination Countries in the European Union, particularly those that share the euro, coordinate their economic and fiscal policies throughout the year to ensure their alignment with common objectives and responsibilities.1.

Channels of risk-sharing. Current policy debates on institutional reform have unfolded along twoconcepts of risk-sharing, on the one hand, are juxtaposed with proposals for risk-reduction, on the former seeks to increase the resilience of the euro area by creating or reinforcing institutions for stabilising or redistributing income and consumption through ex.