Spillover effects of local fiscal policy

2001 ◽  
Vol 29 (4) ◽  
pp. 406-419 ◽  
Author(s):  
Paul Hettler
Keyword(s):  
Fiscal Policy ◽  
Spillover Effects ◽  
Local Fiscal Policy

scholarly journals U.S. STATE AND LOCAL FISCAL POLICY AND ECONOMIC ACTIVITY: DO WE KNOW MORE NOW?

2020 ◽  
Vol 34 (2) ◽  
pp. 424-465 ◽  
Author(s):  
Dan Rickman ◽  
Hongbo Wang
Keyword(s):  
Fiscal Policy ◽  
Economic Activity ◽  
State And Local ◽  
Local Fiscal Policy

State and Local Fiscal Policy: Implications for Property Values and Economic Growth

1984 ◽  
Vol 12 (1) ◽  
pp. 51-76 ◽  
Author(s):  
Janet Kiholm Smith ◽  
Richard L. Smith
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Property Values ◽  
Policy Implications ◽  
State And Local ◽  
Local Fiscal Policy

State and Local Fiscal Policy

2010 ◽  
Author(s):  
Sally Wallace
Keyword(s):  
Fiscal Policy ◽  
State And Local ◽  
Local Fiscal Policy

scholarly journals Output Spillovers from Fiscal Policy

2013 ◽  
Vol 103 (3) ◽  
pp. 141-146 ◽  
Author(s):  
Alan J Auerbach ◽  
Yuriy Gorodnichenko
Keyword(s):  
Fiscal Policy ◽  
Real Time ◽  
Spillover Effects ◽  
Oecd Countries ◽  
The State ◽  
Government Purchases ◽  
Forecast Data ◽  
State Of The Economy ◽  
Cross Country ◽  
Affected Country

For a large number of OECD countries we estimate the cross-country spillover effects of government purchases on output. Following the methodology in Auerbach and Gorodnichenko (2012a, b), we allow these multipliers to vary smoothly according to the state of the economy and use real-time forecast data to purge policy innovations of their predictable components. Our findings suggest that cross-country spillovers have an important impact. The findings also confirm those of our earlier papers--namely that fiscal shocks have a larger impact when the affected country is in recession.

Deductibility and optimal state and local fiscal policy

1992 ◽  
Vol 39 (2) ◽  
pp. 217-221 ◽  
Author(s):  
Gilbert E. Metcalf
Keyword(s):  
Fiscal Policy ◽  
Optimal State ◽  
State And Local ◽  
Local Fiscal Policy

scholarly journals COVID-19 Pandemic Uncertainty Shock Impact on Macroeconomic Stability in Ethiopia

2020 ◽  
Vol 11 (2) ◽  
pp. 132
Author(s):  
Habtamu Girma DEMIESSIE
Keyword(s):  
Fiscal Policy ◽  
Aggregate Demand ◽  
Spillover Effects ◽  
Food Prices ◽  
Shock Effect ◽  
Food Transport ◽  
The Government ◽  
The Impact ◽  
Macroeconomic Stability

This study investigated the impact of COVID-19 pandemic uncertainty shock on the macroeconomic stability in Ethiopia in the short run period. The World Pandemic Uncertainty Index (WPUI) was used a proxy variable to measure COVID-19 Uncertainty shock effect. The pandemic effect on core macroeconomic variables like investment, employment, prices (both food & non-food prices), import, export and fiscal policy indicators was estimated and forecasted using Dynamic Stochastic General Equilibrium (DSGE) Model. The role of fiscal policy in mitigating the shock effect of coronavirus pandemic on macroeconomic stability is also investigated. The finding of the study reveals that the COVID-19 impact lasts at least three years to shake the economy of Ethiopia. Given that the Ethiopian economy heavily relies on import to supply the bulk of its consumption and investment goods, COVID-19 uncertainty effect starts as supply chain shock, whose effect transmitted into the domestic economy via international trade channel. The pandemic uncertainty shock effect is also expected to quickly transcend to destabilize the economy via aggregate demand, food & non-food prices, investment, employment and export shocks. The overall impact of COVID-19 pandemic uncertainty shock is interpreted into the economy by resulting under consumption at least in the next three years since 2020. Therefore, the government is expected to enact incentives/policy directions which can boost business confidence. A managed expansionary fiscal policy is found key to promote investment, employment and to stabilize food & non-food prices. A particular role of fiscal policy was identified to stabilizing food, transport and communication prices. The potency of fiscal policies in stabilizing food, transport and communication prices go in line with the prevailing reality in Ethiopia where government has strong hands to control those markets directly and/or indirectly. This suggests market failure featuring COVID-19 time, calling for managed interventions of governments to promote market stabilities. More importantly, price stabilization policies of the government can have spillover effects in boosting aggregate demand by spurring investments (and widening employment opportunities) in transport/logistics, hotel & restaurant, culture & tourism and export sectors in particular.

scholarly journals Housing Booms and Busts and Local Fiscal Policy

2017 ◽  
Author(s):  
Albert Sole-Olle ◽  
Elisabet Viladecans-Marsal
Keyword(s):  
Fiscal Policy ◽  
Local Fiscal Policy

scholarly journals Housing Booms and Busts and Local Fiscal Policy

2017 ◽  
Author(s):  
Albert Sole-Olle
Keyword(s):  
Fiscal Policy ◽  
Local Fiscal Policy
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