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Dissertations / Theses on the topic 'Procyclicality of fiscal policy'

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Published: 4 June 2021
Last updated: 6 February 2022

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1

Arizala, Escamilla Francisco. "Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle." Thesis, Sorbonne Paris Cité, 2015. http://www.theses.fr/2015USPCA103.

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Une des questions fondamentales en économie est celle du rôle que devraient jouer les autorités publiques pour mitiger les fluctuations de l’activité économique. Cette thèse, organisée en trois chapitres, analyse comment les politiques économiques peuvent être caractérisées à travers différentes structures économiques et au cours du cycle économique. En particulier, la première partie de la thèse se concentre sur la politique budgétaire et analyse comment les différentes caractéristiques structurelles des pays affectent l’efficacité de la politique budgétaire. La deuxième partie analyse la con
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2

Oman, William. "Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality." Thesis, Paris 1, 2018. http://www.theses.fr/2018PA01E012.

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Cette thèse étudie le rôle du cycle financier dans la macroéconomie. Le chapitre 1 étudie le synchronisme des cycles conjoncturels et des cycles financiers en zone euro. Le chapitre 2 propose une nouvelle mesure de l’écart de production corrigé des facteurs financiers. Le chapitre 3 propose un indicateur simple et intuitif pour quantifier la procyclicité de la politique budgétaire en fonction d’estimations de l’écart de production et du solde budgétaire primaire corrigé des variations conjoncturelles. La thèse montre que la prise en compte du cycle financier permet d’éclairer l’analyse des flu
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3

Park, Junho. "Determinants and consequences of fiscal procyclicality and sustainability." Thesis, University of York, 2012. http://etheses.whiterose.ac.uk/3120/.

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A countercyclical fiscal policy combined with sustainable fiscal finances is considered to be one of the most important objectives in modern economic policy. However, procyclical fiscal policy is widely observed in practice, especially in emerging market countries. The main purposes of this thesis are to examine the determinants of fiscal procyclicality and sustainability with special reference to the role of fiscal rules, and to assess the impact of both fiscal procyclicality and sustainability on economic growth. This thesis deals with several new issues on fiscal procyclicality and sustaina
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4

Ly, Mouhamadou Moustapha. "Trois essais sur les effets de la politique budgétaire dans les pays en développement." Phd thesis, Université d'Auvergne - Clermont-Ferrand I, 2011. http://tel.archives-ouvertes.fr/tel-00606175.

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La réflexion sur l‟utilisation de la politique budgétaire comme outil de stabilisation et de relance connaît un net regain d‟intérêt ces dernières années. Après près de trois décennies qui ont vu la dominance des idées néo-classique, la récente crise financière des années 2008 a consacré le retour aux idées keynésiennes sur l‟efficacité de l‟outil budgétaire. Cette thèse s‟intéresse à ce thème et essaie de caractériser la politique budgétaire dans le contexte des pays en développement et son objectif final est de préciser dans quelle mesure cet outil de politique économique serait efficace pou
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5

Anne, Clément. "Beyond the resource curse : Macroeconomic strategies in resource dependent economies." Thesis, Université Clermont Auvergne‎ (2017-2020), 2019. http://www.theses.fr/2019CLFAD024.

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En réponse à la littérature dense concernant les impacts directs et indirects des ressources naturelles sur le développement, cette thèse cherche à analyser les économies dépendantes en ressources naturelles au-delà de la malédiction des ressources naturelles, et analyse 3 problématiques macroéconomiques importantes auxquelles ces pays font face. A l'inverse de la tendance à se focaliser uniquement sur un échantillon de pays selon les ressources produites ou le niveau de développement, cette thèse ne discrimine pas selon ces facteurs afin d'inclure les pays partageant leur exposition à la vola
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6

Forcades, Pujol Alejandro. "Essays on fiscal policy." Doctoral thesis, Universitat Autònoma de Barcelona, 2016. http://hdl.handle.net/10803/404256.

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Esta tesis doctoral desarrolla tres temas relacionados con la política fiscal en el campo de la macroeconomía. El primer artículo evalúa las implicaciones cuantitativas de la política fiscal óptima en un modelo con evasión fiscal. El resultado de Chamley-Judd de que el impuesto al capital en el largo plazo es cero no se cumple debido a la presencia conjunta de las evasiones fiscales del impuesto del consumo y trabajo, no incluso si expandimos el modelo introduciendo la evasión del impuesto del capital en economía cerrada. En contraste a Coleman (2000), encontramos que subsidiar el trabajo no e
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7

Bermperoglou, Dimitrios. "Essays on fiscal policy." Doctoral thesis, Universitat Autònoma de Barcelona, 2014. http://hdl.handle.net/10803/310610.

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Esta tesis contribuye a tres cuestiones importantes relativas a la política fiscal y sus efectos a corto plazo sobre la economía real. El primer capítulo investiga cómo la riqueza de la vivienda y las restricciones colaterales contribuyen en forma conjunta a la transmisión no lineal de los shocks de política fiscal. Un modelo de equilibrio general dinámico y estocástico (DSGE) que asume inversión en vivienda y restricciones colaterales que ocasionalmente son válidas, revela un patrón no lineal de las respuestas a los shocks fiscales: los shocks positivos de consumo del gobierno son más expans
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8

Watson, Ekin Elcin. "Essays on Fiscal Policy." Thesis, Boston College, 2017. http://hdl.handle.net/2345/bc-ir:107587.

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Thesis advisor: Peter Ireland<br>Thesis advisor: Fabio Ghironi<br>In this dissertation I study the impacts of fiscal policies in different monetary settings. In the first chapter, I empirically analyze the impact of fiscal policies on pairwise co-movements of business cycles in the European Monetary Union between the years of 1999 and 2016. In the second chapter, I develop a theoretical model which let me examine the impact of future fiscal consolidation around the zero lower bound interest rate. I explore welfare implications of the timing of future fiscal consolidation. In the first chapter,
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9

Gómez-Oliveros, Leyre. "Essays on fiscal policy." Thesis, University of Essex, 2017. http://repository.essex.ac.uk/20525/.

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This thesis consists of three chapters. The first chapter makes use of a New-Keynesian framework to analyze the effects of introducing the public sector in a small open economy, for which a different degree of home-bias for the private and the public sector will be assumed. Once it has been proven that this introduction does not fundamentally vary the original results of the Galí-Monacellli (2005) model, a sensitivity analysis of the effects of such introduction will be made in a setting with different exchange-rate regimes and different degrees of openness. The second chapter develops a DSGE
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10

Costa, Junior Celso José. "Essays on fiscal policy." reponame:Repositório Institucional da UFPR, 2014. http://hdl.handle.net/1884/36133.

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Orientador : Prof. Dr. Armando Vaz Sampaio<br>Tese (doutorado) - Universidade Federal do Paraná, Setor de Ciencias Sociais Aplicadas, Programa de Pós-Graduação em Desenvolvimento Ecônomico. Defesa : 02/06/2014<br>Inclui referências<br>Resumo: Há uma sensação generalizada na sociedade brasileira sobre a vulnerabilidade fiscal da economia do Brasil. Em vista disso, o objetivo deste trabalho é contribuir para a discussão sobre o papel da política fical como ferramenta de estímulo econômico. Para tanto, analisou-se algumas propostas de política fiscal para a economia brasileira, tanto do lado do
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11

Falconer, Jean. "Essays in Fiscal Policy." Thesis, University of Oregon, 2018. http://hdl.handle.net/1794/23774.

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The subject of this dissertation is fiscal policy in the United States. In recent years the limitations of monetary policy have become more evident, generating greater interest in the use of fiscal policy as a stabilization tool. Despite considerable advances in the fiscal policy literature, many important questions about the effects and implementation of such policy remain unresolved. This motivates the present work, which explores both topics in the chapters that follow. I begin in the second chapter by estimating Federal Reserve responses to changes in taxes and spending. Monetary respo
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12

Jerow, Samuel B. "Fiscal Policy and Uncertainty." Miami University / OhioLINK, 2018. http://rave.ohiolink.edu/etdc/view?acc_num=miami1533112993662019.

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13

Arai, Real. "Fiscal Policy and Macroeconomics." Kyoto University, 2012. http://hdl.handle.net/2433/157496.

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14

Chatzouz, Moustafa. "Essays on fiscal policy." Thesis, University of Warwick, 2015. http://wrap.warwick.ac.uk/80922/.

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High levels of either public debt or wealth inequality are detrimental to social and economic stability. At a time when reducing public debt and decreasing wealth inequality have become important policy priorities, the question arises about whether these two goals stand in con ict. With this in mind, Chapter 1 assesses the effects of public debt on wealth inequality based on an analytically tractable model of heterogeneous agents. Its scope, in particular, is to investigate whether a reduction of public debt or of budget deficits in general might amplify or not the levels of wealth inequality.
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15

Venes, Nuno. "Fiscal policy: empirical essays." Doctoral thesis, Instituto Superior de Economia e Gestão, 2009. http://hdl.handle.net/10400.5/902.

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Doutoramento em Economia<br>Throughout this work we empirically analyse three important dimensions of fiscal policy -cyclicality, fiscal forecasts and consolidation episodes. While central government expenditure is, on average, weakly countercyclical in the OECD countries and procyclical in Latin American countries, we find evidence of revenue procyclicality in both groups. Higher levels of income inequality lead to less procyclical policies on the revenue side but are associated with stronger expenditure procyclicality, and better institutions seem unable to mitigate this effect. We also stud
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16

Greiner, Alfred. "Fiscal policy and economic growth /." Aldershot [u.a.] : Avebury, 1998. http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&doc_number=008122425&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA.

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17

Yang, Weonho. "Macroeconomic effects of fiscal policy." Thesis, Brunel University, 2013. http://bura.brunel.ac.uk/handle/2438/7629.

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The interest in the use of fiscal policy as an effective economic policy tool has been revived recently, since the global recession of 2008 hit the world. In spite of a large empirical literature, there remains substantial uncertainty about the size and even the direction of the effects of discretionary fiscal policy. This thesis seeks to investigate the macroeconomic effects of discretionary fiscal policy in the short term, highlighting several methodologies for identifying discretionary fiscal policy. In Chapters 2 and 3, we suggest a new instrument based on the narrative approach for identi
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18

Gomes, Pedro Batista Maia. "Macroeconomic effects of fiscal policy." Thesis, London School of Economics and Political Science (University of London), 2010. http://etheses.lse.ac.uk/2199/.

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Government spending has several components. The government buys intermediate goods and services from the private sector, it invests in infrastructure, it hires workers and pays them a wage and it also makes transfer and interest payments. While most of the theoretical papers studying the effects of government spending focus on purchases of intermediate goods and services, the main objective of this thesis is to examine two other types of expenditure. The first part studies the effects of public sector employment and wages through the labour market and their role over the business cycles in a m
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19

CAVALLARI, MATHEUS DE CARVALHO LEME. "OPTIMAL FISCAL AND MONETARY POLICY." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2004. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=5393@1.

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COORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIOR<br>O presente trabalho tem objetivo de caracterizar as políticas fiscal e monetária ótimas e avaliar o comportamento do ganho de bem estar fruto do uso destas políticas. Para isto, utilizamos um modelo com rigidez de preços e concorrência monopolística em que a taxa de juros nominal e gasto público tem efeitos reais na economia, seguindo a literatura Novo- Keynesiana. Observamos que existe ganho no uso conjunto das políticas fiscal e monetária vis-à-vis o caso de independência destas políticas. Quanto maior a potência da políti
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20

Kvasnička, Jan. "Essays in optimal fiscal policy." Thesis, University of Cambridge, 2018. https://www.repository.cam.ac.uk/handle/1810/273145.

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This thesis is of the three article format. All three articles contribute to the literature on optimal fiscal policy with exogeneous government expenditures and distortionary taxation following Lucas and Stokey (1983) and Aiyagari et al. (2002) (AMSS). The first article extends the framework of AMSS by modelling agents ex ante heterogeneous in deterministic labour productivity trends in an infinite-horizon production economy with incomplete markets. The government does not use transfers. When the productivities of different agents grow at different rates, there is a conflict over the timing of
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21

Baek, Dae-Hyun. "Fiscal policy and international transactions." The Ohio State University, 1990. http://rave.ohiolink.edu/etdc/view?acc_num=osu1277837559.

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22

Mahon, James. "Essays in US Fiscal Policy." Thesis, Harvard University, 2015. http://nrs.harvard.edu/urn-3:HUL.InstRepos:17463977.

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This dissertation presents three chapters about US tax and spending policy. The first chapter investigates the take-up of a tax refund for corporate losses. We find that few firms claim the refund despite that it dominates the alternative option. This finding indicates that many firms fail to optimize perfectly with respect to taxes. The second chapter estimates corporate responses to a tax incentive for investment. We find the largest responses among small firms and firms without an alternative tax shield, suggesting that the tax incentive operates through both the price and cash mechanisms.
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23

Asimakopoulos, Stylianos. "Essays on optimal fiscal policy." Thesis, University of Glasgow, 2014. http://theses.gla.ac.uk/5282/.

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This thesis examines the properties of optimal fiscal policy in the long-run and over the business cycle in general equilibrium models with agents that differ with respect to their skills and with production processes embodying capital-skill complementarity. To this end, the thesis is composed of four chapters which asses different aspects of optimal fiscal policy under various specifications incorporating labour skill and production differences as well as different assumptions regarding the policy instruments available to the government. The first two chapters focus on the long-run, while the
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24

Trzeciakiewicz, Dawid. "Three essays in fiscal policy." Thesis, University of Hull, 2014. http://hydra.hull.ac.uk/resources/hull:10502.

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This thesis presents three papers on fiscal policy. The first paper "Macroeconomic impacts of fiscal policy shocks in UK; a DSGE analysis" (joint with Keshab Bhattarai) uses an estimated new-Keynesian dynamic stochastic general equilibrium (DSGE) model to analyse the effects of fiscal policy in the UK. We show that positive shocks in government consumption and investment result in the highest stimulus in the short term, whereas the capital tax cut and the positive public investment shock in the longer horizon. On the government’s expenditure side public investment remains the most stimulating
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25

Kanda, Daniel Stanley. "Optimal fiscal policy propagation of monetary policy shocks." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1998. http://www.collectionscanada.ca/obj/s4/f2/dsk2/ftp02/NQ35965.pdf.

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26

Antonevich, Konstantin. "Fiscal Policy in Sweden : Analyzing the Effectiveness of Fiscal policy During the Recent Business Cycle." Thesis, Jönköping University, JIBS, Economics, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-12716.

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<p>The economic downturn of 2008-2010 has encouraged many economists andpoliticians to reconsider the role of fiscal policy. Whereas there is a broadly acceptedmodel which describes the influence of monetary policy on the economy, there is noconsensus concerning the fiscal policy.This paper aims to study the effectiveness of fiscal policy actions in Sweden over thepast 15 years, starting from the end of the banking crisis of 1992-93 to date. It has aspecific focus on the measures which were introduced in 2007-2010 and employs bothqualitative and quantitative analyses.The qualitative analysis i
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27

Gnocchi, Stefano. "Essays on Monetary Policy, Wage Bargaining and Fiscal Policy." Doctoral thesis, Universitat Pompeu Fabra, 2008. http://hdl.handle.net/10803/7385.

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Los modelos Neo-Keynesianos se han impuesto en el análisis de las políticas monetaria y fiscal óptimas. Esta literatura no considera la interacción estratégica entre los agentes económicos y las autoridades de la política económica. En esta tesis, se identifican dos problemas interesantes que no pueden abstraerse de este asunto: las implicaciones de política monetaria en una economía con grandes sindicatos; el mix de política monetaria y fiscal óptimas en una unión monetaria. El primer capitulo muestra cómo la política monetaria determina el nivel de producción y ocupación en el largo plazo, c
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28

Blas, Pérez Beatriz de. "Essays on Monetary and Fiscal Policy." Doctoral thesis, Universitat Autònoma de Barcelona, 2002. http://hdl.handle.net/10803/4035.

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Esta tesis estudia cuestiones de política monetaria y fiscal en macroeconomías con fricciones financieras. <br/>El Capítulo 1 analiza numéricamente el funcionamiento de reglas de política monetaria en economías con y sin imperfecciones financieras. El capítulo compara una política monetaria endógena con una regla de crecimiento del dinero constante en un escenario de participación limitada. Las imperfecciones surgen por información asimétrica en la producción de capital. El modelo se ajusta bastante bien a los datos de EE.UU. El escenario con imperfecciones financieras es capaz de reflejar alg
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29

Pescatori, Andrea. "Essays on monetary and fiscal policy." Doctoral thesis, Universitat Pompeu Fabra, 2006. http://hdl.handle.net/10803/7346.

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The thesis is divided into three chapters.<br/><br/>1) I study how monetary policy should be optimally designed when households show financial wealth heterogeneity.<br/>Main results: thanks to its ability to affect interest payments volatility, monetary policy has real effects even in a flexible-price cashless-limit environment; second, in a setup with nominal rigidities, price stability is no longer optimal. The extent of deviation from price stability depends on the initial level of debt dispersion.<br/><br/>2) I assess the role of housing price movements in influencing the optimal design of
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Matveev, Dmitry. "Essays in monetary and fiscal policy." Doctoral thesis, Universitat Autònoma de Barcelona, 2015. http://hdl.handle.net/10803/310412.

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Aquesta tesi contribueix a la literatura que analitza conjuntament la política fiscal i monetària. Des de l'inici de la crisi econòmica mundial al 2007-2008, moltes economies desenvolupades han experimentat notables fluctuacions econòmiques. La majoria de polítiques estabilitzadores en aquests països han consistit en grans estímuls fiscals que han endegat el debat sobre quines polítiques, particularment política monetària, caldrà implementar per tal de sostenir o ajustar el deute públic generat. El meu treball estudia el disseny de polítiques en un entorn dinàmic d'equilibri general on totes l
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31

Rossi, Raffaele. "Essays on monetary and fiscal policy." Thesis, University of Glasgow, 2010. http://theses.gla.ac.uk/1638/.

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This thesis is composed by four chapters on New Keynesian macroeconomics. Chapter 1 develops a small New Keynesian model augmented with a steady state level of public debt and a share of rule-of-thumb consumers (ROTC henceforth) as in Galí et al. (2004; 2007). This chapter focuses on the consequences for the design of monetary and …scal rules, of the bifurcation on the demand side of the economy generated by the presence of ROTC, in the absence of Ricardian equivalence. When …scal policy follows a balanced budget rule, the share of ROTC determines whether an active and/or a passive monetary po
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Sum, Kin. "Essays on Monetary and Fiscal Policy." Thesis, University of Oxford, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.508759.

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33

Cloyne, J. S. "The macroeconomic effects of fiscal policy." Thesis, University College London (University of London), 2011. http://discovery.ucl.ac.uk/1331876/.

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This thesis analyses the macroeconomic effects of changes in fiscal policy. Chapter 1 provides an overview. Chapter 2 estimates the macroeconomic effects of tax changes in the United Kingdom. Identification is achieved by constructing an extensive new 'narrative' dataset of 'exogenous' tax changes in the post-war U.K. economy. Using this dataset I find that a 1 per cent cut in taxes increases GDP by 0.6 per cent on impact and by 2.5 per cent over three years. These findings are remarkably similar to narrative-based estimates for the United States. Furthermore, 'exogenous' tax changes are shown
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34

Hristov, Atanas. "Fiscal policy and financial market imperfections." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://dx.doi.org/10.18452/17116.

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Die vorliegende Dissertation beschäftigt sich mit der Fragestellung, ob Fiskalpolitik die Gesamtnachfrage erhöhen kann, wenn eine Reihe von Haushalten und Unternehmen Finanzierungsbeschränkungen unterliegt. Das erste Essay liefert Evidenz zur Größe von Fiskalmultiplikatoren aus der Eurozone und den USA. Das Essay kommt zu dem Schluss, dass es in der Literatur hinreichend Hinweise gibt, dass expansive Fiskalpolitik, insbesondere in Form einer Erhöhung der Staatsausgaben oder in Form gezielter Transfers an liquiditätsbeschränkte Haushalte, die Wirtschaftstätigkeit in einer tiefen Rezession sta
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MENDES, ARTHUR GALEGO. "ESSAYS ON MONETARY AND FISCAL POLICY." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2018. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=36204@1.

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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO<br>COORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIOR<br>CONSELHO NACIONAL DE DESENVOLVIMENTO CIENTÍFICO E TECNOLÓGICO<br>PROGRAMA DE SUPORTE À PÓS-GRADUAÇÃO DE INSTS. DE ENSINO<br>PROGRAMA DE EXCELENCIA ACADEMICA<br>Esta tese é composta por 3 capítulos. No primeiro capítulo mostro que quando um banco central não é totalmente apoiado financeiramente pelo tesouro e enfrenta uma restrição de solvência, um aumento no tamanho ou uma mudança na composição de seu balanço pode servir como um mecanismo de compromisso em um cenário de armadil
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Luo, Weijie. "Essays on inequality and fiscal policy." Thesis, University of York, 2018. http://etheses.whiterose.ac.uk/21362/.

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This PhD thesis gathers three essays on income inequality and fiscal policy. Chapter 2, “Inequality and the Size of Government”, written with Andrew Pickering and Paulo Santos Monteiro, revisits Meltzer and Richard (1981) but with the twist that income inequality is induced by differences in capital income as well as differences in labor productivity. When capital income is difficult to tax, as often observed, then greater capital income inequality leads to reduced demands for tax as the poor cannot effectuate redistribution. Using OECD data, government size and capital income inequality (prox
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Özdemir, Durmuş. "Theories of consumption and fiscal policy." Thesis, University of Leicester, 1995. http://hdl.handle.net/2381/35515.

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This thesis examines, within the overlapping generations framework, aspects of theories of consumption and fiscal policy under particular liquidity constraints and the effects of life-time earnings. The study consists of three parts; the theoretical analysis, the estimation of required parameters using the UK New Earnings Survey data and the calibration and simulation of our developed models. Firstly we introduce liquidity constrained consumers into an aggregate consumption function and then discuss, theoretically, the effect of these consumers in steady-state. Our comparative analysis shows t
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Auclert, Adrien. "Essays in monetary and fiscal policy." Thesis, Massachusetts Institute of Technology, 2015. http://hdl.handle.net/1721.1/98695.

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Thesis: Ph. D., Massachusetts Institute of Technology, Department of Economics, 2015.<br>2nd and 3rd chapter co-authored with Matthew Rognlie. Cataloged from PDF version of thesis.<br>Includes bibliographical references.<br>This thesis consists of three chapters on monetary and fiscal policy. The first chapter explores the importance of redistribution in explaining why monetary policy has aggregate effects on household consumption. I argue that traditional representative agent models focusing on substitution effects ignore a key component of the monetary policy transmission mechanism, which ex
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Irons, John S. "Essays on fiscal policy and elections." Thesis, Massachusetts Institute of Technology, 2003. http://hdl.handle.net/1721.1/17557.

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Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 2003.<br>Includes bibliographical references (p. 128-133).<br>The chapters included here investigate the general relation between fiscal policy and elections. Chapter 1 provides a general summary of the 3 main chapters. Chapter 2 examines local and non-local public expenditures and how the two are linked through the political process. Emphasis is placed on the role of voter composition within localaties in order to look at the effects of suburbanization on expenditures. Chapter 3 examines the validity of the medan vote
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Baum, Anja. "Non-linearities in discretionary fiscal policy." Thesis, University of Cambridge, 2014. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.648808.

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41

Dinh, Xuan Hai. "Essays on post-crisis fiscal policy." Thesis, Loughborough University, 2017. https://dspace.lboro.ac.uk/2134/25147.

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This thesis comprises of four essays on fiscal policy and fiscal policy adjustment. The first of these essays, Chapter 2, reviews a wide range of literature about fiscal policy. This chapter also discusses the sudden stop and fiscal policy during sudden stops episodes. Chapter 3 constructs a simple dynamic deterministic model to study how the speed of adjustment to a sustainable level of debt affects economic welfare. The simulation results in Chapter 3 suggest that in order to bring the level of external debt to a sustainable level as required by foreign lenders, the small open economy will a
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42

Quaicoe, Nana. "Essays on Taxation and Fiscal Policy." OpenSIUC, 2018. https://opensiuc.lib.siu.edu/dissertations/1519.

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This dissertation examines issues on taxation, fiscal policy, and governance in developing countries. The three chapters of the dissertation are summarized as follows:In the first chapter, we argue that models of advanced countries are often applied to developing countries with little consideration for differences in economic structures. Deviating from this norm, we examine fiscal policy effects in a simple DSGE model structured after a developing economy with credit constraints. Building a model akin to that of a developing economy largely dominated by an agriculture sector, we allow for
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43

Balhote, Raquel de Oliveira. "Interactions between fiscal and monetary policy." Master's thesis, Instituto Superior de Economia e Gestão, 2014. http://hdl.handle.net/10400.5/11594.

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Mestrado em Economia Monetária e Financeira<br>O desempenho económico de um país depende sobretudo da relação entre as autoridades monetária e fiscal. Usando dados de painel e um conjunto individual de 14 países da União Europeia desde 1970 a 2012, estudámos as políticas de ambas as autoridades e como as mesmas são influenciadas por determinadas variáveis económicas e eventos (Tratado de Maastricht, Pacto de Estabilidade e Crescimento, euro e crises). Os resultados mostram que a inflação tem um impacto significativo na política monetária e que os governos aumentam o seu saldo primário diante d
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44

Stehn, Sven Jari. "The Interactions between Optimal Monetary Policy and Optimal Fiscal Policy." Thesis, University of Oxford, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.508677.

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45

Quaresma, Gonçalo Dias. "Monetary policy easing and non-keynesian effects of fiscal policy." Master's thesis, Instituto Superior de Economia e Gestão, 2021. http://hdl.handle.net/10400.5/21777.

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Mestrado em Economia Monetária e Financeira<br>This paper assesses the possible contribution of monetary expansions for the existence of expansionary fiscal consolidations, using annual panel data for 14 European Union countries over the period 1970-2019. The paper adopts a two-fold approach: it combines the usual CAPB approach used to identify fiscal consolidations with the narrative approach, and extends this approach to include dummy variables for identifying monetary expansions. A fiscal consolidation couple with a monetary expansion does produce little evidence of non-Keynesian effects, t
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46

Ardagna, Silvia. "Essays on fiscal adjustments." Thesis, Boston College, 2000. http://hdl.handle.net/2345/1751.

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The dissertation studies what determines the different response of the economy to fiscal stabilizations, and fiscal policy in general, and investigates the channels through which fiscal policy influence the macroeconomy<br>Thesis (PhD) — Boston College, 2000<br>Submitted to: Boston College. Graduate School of Arts and Sciences<br>Discipline: Economics
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47

Christie, Tamoya A. L. "Essays on Fiscal Policy and Economic Growth." Digital Archive @ GSU, 2011. http://digitalarchive.gsu.edu/econ_diss/75.

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This dissertation comprises two essays. The first essay explores how the size of government, as measured by the level of spending, affects growth. Theoretical models suggest a nonlinear relationship; however, testing this hypothesis empirically in cross-country studies is complicated by the endogeneity of government spending and the accurate identification of turning points. This paper examines the nonlinear hypothesis by incorporating threshold analysis in a cross-country growth regression. Using a broad panel of countries over the period 1971-2005, the results show evidence in favor of a non
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48

Sessa, Luca. "Essays on Money, Credit and Fiscal Policy." Doctoral thesis, Universitat Pompeu Fabra, 2011. http://hdl.handle.net/10803/41558.

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This thesis tackles three different issues of relevance for economic policy, with an explicit reference to the Euro area. Does the inclusion of monetary targeting in a monetary policy strategy improve macroeconomic stability? Which role does the banking sector play in the impulse and transmission of shocks? Which fiscal tools have the greatest and the most persistent impact on the real economy, helping effective stabilization policy design? Answers to each question, derived from data-matching dynamic general equilibrium models, imply noteworthy indications for policy-makers.<br>Esta tesis afro
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49

Caprioli, Francesco. "Optimal fiscal policy, limited commitment and learning." Doctoral thesis, Universitat Pompeu Fabra, 2009. http://hdl.handle.net/10803/7396.

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Esta tesis trata sobre cómo la autoridad fiscal debe fijar los impuestos distorsivos de manera óptima. El capítulo 1 analiza el problema de la política fiscal cuando el gobierno tiene un incentivo a hacer default con su deuda externa. El capítulo 2 trata sobre el problema de la política fiscal cuando los agentes no conocen cómo el gobierno fija las tasas impositivas. La principal conclusión que obtengo es que, en ambos contextos, el resultado de suavidad de las tasas, que es estándar en la literatura de imposición óptima, se rompe. Cuando los gobiernos no tienen una tecnología de compromiso,
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50

Debortoli, Davide. "Fiscal and Monetary Policy under imperfect commitment." Doctoral thesis, Universitat Pompeu Fabra, 2008. http://hdl.handle.net/10803/7370.

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L'objectiu d'aquesta tesi és analitzar com s'han de concebre les polítiques fiscals i monetàries en un context en què els polítics tenen problemes de credibilitat. Es desenvolupen metodologies i aplicacions per mostrar com diferents graus de credibilitat de les institucions polítiques afecten la determinació d'impostos, deute públic, instruments monetaris i, en general, els resultats econòmics. <br/><br/>En el primer capítol - Loose commitment (Compromís Dèbil) -, s'introdueix una nova metodologia per resoldre problemes de política òptima tenint en compte que els polítics podrien no complir le
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