scholarly journals Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?

2012 ◽  
Vol 4 (3) ◽  
pp. 216-250 ◽  
Author(s):  
Claudia R Sahm ◽  
Matthew D Shapiro ◽  
Joel Slemrod
Keyword(s):  
Representative Sample ◽  
Fiscal Policies ◽  
Tax Credit ◽  
University Of Michigan ◽  
Fiscal Stimulus ◽  
Household Spending ◽  
Thomson Reuters ◽  
The One

Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay Tax Credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time payment or as a flow of payments from reduced withholding. Based on responses from a representative sample of households in the Thomson Reuters/University of Michigan Surveys of Consumers, the paper finds that the reduction in withholding in 2009 boosted spending at roughly half the rate (13 percent) as the one-time payments (25 percent) in 2008. (JEL D12, E21, E62)

Fiscal Stimulus, Fiscal Policies, and Financial Instability

2021 ◽  
Vol 55 (2) ◽  
pp. 552-558
Author(s):  
Alicia Girón ◽  
Eugenia Correa
Keyword(s):  
Financial Instability ◽  
Fiscal Policies ◽  
Fiscal Stimulus

One-Year Prevalence of Psychiatric Disorder in Ontarians 15 to 64 Years of Age

1996 ◽  
Vol 41 (9) ◽  
pp. 559-564 ◽  
Author(s):  
David R Offord ◽  
Michael H Boyle ◽  
Dugal Campbell ◽  
Paula Goering ◽  
Elizabeth Lin ◽  
...  
Keyword(s):  
Psychiatric Disorder ◽  
Psychiatric Disorders ◽  
Community Sample ◽  
Composite International Diagnostic Interview ◽  
Diagnostic Interview ◽  
University Of Michigan ◽  
Health Budget ◽  
One Year ◽  
The One ◽  
The University

Objective: To present the one-year prevalence of 14 psychiatric disorders in a community sample of Ontarians aged 15 to 64 years. Method: Data on psychiatric disorders were collected on 9953 respondents using the University of Michigan revision of the Composite International Diagnostic Interview (UM-CIDI). DSM-III-R criteria were used to define the psychiatric disorders. Results: Almost 1 in 5 Ontarians (18.6%) had one or more of the disorders measured in the survey. Among 15- to 24-year-olds, 1 in 4 was affected. The distribution of individual disorders varied by sex and age. Conclusion: Because of the immense burden of suffering associated with psychiatric disorders, clinical and research efforts in this area should receive high priority within the health budget.

scholarly journals Die japanischen Lehren für die europäische Krise

2013 ◽  
Vol 62 (1) ◽  
Author(s):  
Gunther Schnabl
Keyword(s):  
Interest Rate ◽  
Aggregate Demand ◽  
Adjustment Costs ◽  
Real Income ◽  
Fiscal Policies ◽  
Fiscal Stimulus ◽  
The Real Estate ◽  
Boom And Bust ◽  
The Interest Rate ◽  
Boom And Bust Cycles

AbstractJapan went 15 years earlier than Europe through a boom-and-bust cycle in the real estate and stock markets. The country has made important experience with crisis therapies in form of monetary expansion, Keynesian fiscal stimulus and recapitalization of financial institutions. Japan has reached the zero interest bound in 1999 and has accumulated a very high public debt level. The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for the boom, the characteristics of the crises, and the (potential) effects of the crisis therapies. It is argued that the consequence of expansionary monetary and fiscal policies is the hysteresis of the zero-interest rate and high debt trap, the erosion of the allocation and signaling function of the interest rate, the gradual nationalization of the financial sector and aggregate demand, as well as gradual real income losses. The economic policy implication for Europe and Japan is the timely exit from crisis therapies in form of expansionary monetary and fiscal policies despite high adjustment costs.

scholarly journals UNDERSTANDING MARKET REACTION TO COVID-19 MONETARY AND FISCAL STIMULUS IN MAJOR ASEAN COUNTRIES

2021 ◽  
Vol 24 (3) ◽  
pp. 313-334
Author(s):  
Syed Aun R. Rizvi ◽  
Solikin M. Juhro ◽  
Paresh K. Narayan
Keyword(s):  
Time Series ◽  
Financial Market ◽  
Regression Models ◽  
Fiscal Policies ◽  
Relative Importance ◽  
Time Series Regression ◽  
Fiscal Stimulus ◽  
Asean Countries ◽  
Fiscal And Monetary Policy ◽  
Robust Evidence

In this paper, we examine the effect of fiscal and monetary policy stimulus actions during the COVID-19 pandemic on the stock markets of four ASEAN countries, namely, Indonesia, Singapore, Malaysia, and Thailand. Using time-series regression models, we show the relative importance of monetary and fiscal policies. Our findings suggest that 7-days after the policy announcement, fiscal policies helped cushion financial market losses in Indonesia, Singapore and Thailand. We do not find any robust evidence of policy effectiveness for Malaysia. While our investigation is preliminary it opens an additional avenue for understanding the effectiveness of policy stimulus.

scholarly journals The Bouzouki’s Signifiers and Significance Through the Zeibekiko Dance Song: "Evdokia’s Zeibekiko"

2017 ◽  
Vol 13 (35) ◽  
pp. 125
Author(s):  
Evangelos Saragatsis ◽  
Ifigeneia Vamvakidou
Keyword(s):  
Representative Sample ◽  
Research Method ◽  
Relevant Literature ◽  
Musical Instrument ◽  
Semiotic Analysis ◽  
Literature Research ◽  
Symbolic Value ◽  
Characteristic Features ◽  
And Gender ◽  
The One

The objective of this study is to identify the signifiers and significance of the Zeibekiko dance, and those of the bouzouki itself, to a further extent, as they emerge through research conducted in the relevant literature, and which is anchored to those signifiers, as they are highlighted through their presence in material that is obtained from movies. The semiotic analysis of the film “Evdokia”, by A. Damianos (1971), is the research method that is followed. In this context, the main focus is placed on the episode/scene, where Evdokia’s Zeibekiko is displayed on stage. This ‘polytropic’ (polymodal) material that consists of listening to, viewing, playing music, and dancing encompasses a large variety of musicological and gender signifiers that refer to the specific era. The model followed is that of Greimas (1996), as it was used by Lagopoulos & Boklund-Lagopoulou (2016), and Christodoulou (2012), in order to point out those characteristic features that are expressed by the bouzouki, as a musical instrument, through a representative sample of the zeibekiko dance, as it is illustrated in the homonymous film. The analysis of images, as well as of the language message, lead to the emergence of codes, such as the one referring to the gender, and also the symbolic, value, and social codes, and it is found that all these codes agree with the introductory literature research conducted on the zeibekiko dance and the bouzouki. Based on the combination of these approaches to the analysis performed, a number of elements can be clearly identified, such as the dancer’s masculinity, the loneliness that characterizes the dance, the values adhered to and the respect shown to the codes of honor, and all these elements confirm the initial literature research conducted on the zeibekiko dance, and by extent, the fact that the bouzouki expresses all the above characteristics.

scholarly journals La guerre des six jours et la presse Française : essai d'analyse

Res Publica ◽  
1970 ◽  
Vol 16 (5) ◽  
pp. 617-644
Author(s):  
Paul Henriet
Keyword(s):  
Public Opinion ◽  
Thematic Analysis ◽  
Representative Sample ◽  
The Other ◽  
Complete Sample ◽  
Present Essay ◽  
Other Hand ◽  
The One ◽  
Quantitative Approaches

The present essay aims at defining the attitude of the French press towards the conflict of May/]une 1967 between Israel and Arab countries.As a thematic analysis of a representative sample of daily, weekly and monthly newspapers, covering bath periods of the preceding diplomatic antagonism and of the actual war, the article comprises a number of quantitative approaches which, as they complement each other, lead to certain conclusions in respect, on the one hand, of the particular newspaper analysed and, on the other hand, of the complete sample under observation. This method makes it possible to bring to light the fundamental pro-Israel and anti-Arab leanings of the sample, as they reflect the pre-existent attitudes of French public opinion. It also reveals that the only pro-Arab and anti-Israel newspaper are those that belang at the far left end of the sample.These factors lead to hypothesize that the disposition which favoured Israel sprung in fact not from any special sympathy towards Jewry, but from a feeling of bond with a mode of civilisation as represented by the Western and pro-Western characteristics of Israel.

Greek GDP growth in 2022 will rely on EU recovery aid

2021 ◽  
Keyword(s):  
Budget Deficit ◽  
Fiscal Policies ◽  
Supply Chain Disruptions ◽  
Fiscal Stimulus ◽  
Content Type ◽  
Positive Side ◽  
Digital Services ◽  
Defence Spending ◽  
Growth Prospects ◽  
Future Growth

Significance The economic rebound from a 9% contraction in 2020 is mainly being driven by strong domestic demand supported by accommodative fiscal policies and higher-than-expected tourism revenues. However, the deteriorating epidemiological situation in Greece, and new COVID-19 variants expanding into Europe -- possibly resistant to vaccines -- pose risks to future growth prospects. Impacts Persistent supply-chain disruptions will slow down expansion in industrial output in 2022. Winding down the fiscal stimulus will narrow the primary budget deficit from 7.6% of GDP in 2021 to an estimated 1.2% in 2022. The primary budget deficit will widen in 2022-23 thanks to front-loading defence spending. Greater penetration of digital services is a positive side-effect of the pandemic. A deceleration in bank credit issuance could restrict corporate investment in 2022.

scholarly journals Tax Credits, the Distribution of Subsidized Health Insurance Premiums, and the Uninsured

2002 ◽  
Vol 5 (1) ◽  
Author(s):  
Mark V. Pauly ◽  
Bradley Herring ◽  
David Song
Keyword(s):  
Health Insurance ◽  
Representative Sample ◽  
Tax Credits ◽  
Insurance Market ◽  
Tax Credit ◽  
Insurance Premiums ◽  
Health Insurance Premiums ◽  
Low Levels ◽  
The Individual ◽  
The Impact

This paper investigates the impact of a$1,000 refundable tax credit for self-only coverage on net premiums and insurance purchases for a representative sample of potential buyers in the individual insurance market. Two methods are used to estimate the distribution of premiums: predicted premiums based on a sample of actual purchasers, and premium quotations drawn from an e-insurance website. In most of the simulations, the net premiums for half or more of the prospective buyers are reduced to zero or low levels. The number of uninsured is reduced by 21 to 85 percent, depending on the size of the deductible in the benchmark plan. However, the results are sensitive to assumptions about insurer underwriting practices.

Monetary Policy and Structural Decline: Lessons from Japan for the European Crisis

2015 ◽  
Vol 14 (1) ◽  
pp. 124-150 ◽  
Author(s):  
Gunther Schnabl
Keyword(s):  
Interest Rate ◽  
Financial Institutions ◽  
Real Income ◽  
Fiscal Policies ◽  
Fiscal Stimulus ◽  
The Real Estate ◽  
Boom And Bust ◽  
High Government ◽  
The Interest Rate ◽  
High Level

Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since the bursting of the Japanese bubble economy, the country has fallen into a deep recession and has experimented with crisis therapies in the form of unconventional monetary expansion, Keynesian fiscal stimulus, and recapitalization of financial institutions. Japan reached a low interest rate environment in the mid 1990s and has accumulated an exceptionally high level of public debt during more than two decades of economic stagnation. This paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. It is argued that in both Japan and Europe the consequences of expansionary monetary and fiscal policies include the hysteresis of a low-interest rate and high government debt environment, the erosion of the allocation and signaling functions of the interest rate, the gradual quasi-nationalization of financial institutions, as well as gradual real income losses. The economic policy implication for Europe and Japan is the timely exit from crisis therapies in the form of excessively expansionary monetary and fiscal policies.

Sign in / Sign up

Export Citation Format

Share Document