550期

最新文章

• BALANCING THE BANKS: GLOBAL LESSONS FROM THE FINANCIAL CRISIS AI翻译
  作者：Webb, David C.
  作者单位：University of London; London School Economics & Political Science
• The Timing and Persistence of Fiscal Policy Impacts on Growth: Evidence from OECD Countries AI翻译
  作者：Gemmell, Norman; Kneller, Richard; Sanz, Ismael
  摘要：The literatures testing for aggregate short-run or long-run growth impacts of fiscal policy use quite different methodologies. The former generally focuses on temporary fiscal 'shocks'; the latter typically have no short-run dynamics or assume homogeneity. We use regression methods that treat heterogeneous short-run dynamics explicitly within a long-run model. Results suggest that previously estimated 'long-run' growth effects of fiscal policy are typically achieved quickly, consistent with re...
• The Effects of Government Purchases Shocks: Review and Estimates for the EU AI翻译
  作者：Beetsma, Roel; Giuliodori, Massimo
  作者单位：University of Amsterdam; Tinbergen Institute; University of Amsterdam
  摘要：In this article, we review the theoretical consequences of government purchases shocks for both closed and open economies, followed by a discussion of the empirical literature. Next, we provide our own estimates for the EU countries. We find that an increase in government purchases raises output, consumption and investment and reduces the trade balance. However, the stimulating effect is weaker and the trade balance reduction is larger for the more open EU economies, consistent with larger lea...
• BALANCING THE BANKS: GLOBAL LESSONS FROM THE FINANCIAL CRISIS AI翻译
  作者：Vines, David
  作者单位：University of Oxford; University of Oxford; Australian National University
• Destruction and Distress: Using a Quasi-Experiment to Show the Effects of the September 11 Attacks on Mental Well-Being in the United Kingdom AI翻译
  作者：Metcalfe, Robert; Powdthavee, Nattavudh; Dolan, Paul
  作者单位：University of Oxford; Nanyang Technological University; University of London; London School Economics & Political Science
  摘要：Using a longitudinal household panel dataset in the UK, where a significant proportion of the interviews are conducted in September each year, we are able to show that the attacks of September 11 resulted in lower levels of subjective well-being for those interviewed after that date in 2001 compared with those interviewed before it. This quasi-experiment provides one of the first examples of the impact of a terrorist attack in one country on well-being in another country.
• Tax Policy for Economic Recovery and Growth AI翻译
  作者：Arnold, Jens Matthias; Brys, Bert; Heady, Christopher; Johansson, Asa; Schwellnus, Cyrille; Vartia, Laura
  作者单位：University of Kent
  摘要：This article identifies tax policy that both speeds recovery from the current economic crisis and contributes to long-run growth. This is a challenge because short-term recovery requires increases in demand while long-term growth requires increases in supply. As short-term tax concessions can be hard to reverse, this implies that policies to alleviate the crisis could compromise long-run growth. The analysis makes use of recent evidence on the impact of tax structure on economic growth to iden...