fiscal-policy-blog

Robert Barro in WSJ on US Fiscal Stimulus

Wed, 24 Feb 2010 18:40:08 +0100

An interesting article. Click here.

Fiscal Sustainability in India -- new IMF WP

Fri, 22 Jan 2010 20:51:56 +0100

Click here.

Alan Auerbach on US Long Term Fiscal Problems

Fri, 15 Jan 2010 15:41:42 +0100

Click here.

Procyclical Fiscal Policy in Developing Countries: Truth or Fiction? (Ethan Ilzetzki and Carlos ...

Mon, 11 Jan 2010 03:28:31 +0100

Click here. Extends previous evindence of procyclical policy in developing countries / emerging markets.

How big (small?) are fiscal multipliers? (Ethan Ilzetzki, Enrique Mendoza, and Carlos A. ...

Sun, 10 Jan 2010 22:30:09 +0100

A short paper. Click here Based on a novel, quarterly data set for 45 countries, we use VAR analysis (following the identifying assumption in Blanchard and Perotti (2002)) to compute fiscal multipliers for different group of countries.� We find that: (i) multipliers are much more persistent in high income than in emerging countries; (ii) fiscal multipliers are large under predetermined exchange rates but essentially zero under flexible exchange rates; (iii) fiscal multipliers are large for closed economies but essentially zero in open economies; (iv) multipliers are larger in low-debt than in high-debt countries and (v) multipliers for the United States in the post-1980 period are rather small, but multipliers for government investment are large.

Regional Economic Outlook, Latin America (2009) IMF

Mon, 11 Jan 2010 03:27:20 +0100

English Spanish Lectura requerida --- curso de Gestion Macroeconomica y Politica Fiscal (Click Here)

Tanner and Samake (2008) on Fiscal Sustainability -- Brazil/Mexico/Turkey

Sun, 10 Jan 2010 22:40:28 +0100

This was published in the IMF Staff Papers. This was the original IMF WP version.

Fiscal Multipliers in South Korea -- IMF Working Paper

Sun, 10 Jan 2010 03:53:26 +0100

Leif Eskensen wrote a WP on fiscal multipliers and countercyclical policy in Korea

Uhlig (2009) Some Fiscal Calculus

Sun, 10 Jan 2010 03:46:36 +0100

http://www.princeton.edu/economics/seminar-schedule-by-prog/macro-s09/monetary-fiscal-policy-co/schedule/pdfs/uhlig_FiscalCalculus_v2.pdf

His points: (1) the timing of tax cuts may be important for their effectivness, and (2) simple empirical fiscal multipliers may be misleading.

Mountford and Uhlig (2002) on the Effects of Fiscal Policy

Sun, 10 Jan 2010 03:46:43 +0100

http://preprodpapers.ssrn.com/sol3/papers.cfm?abstract_id=306321&rec=1&srcabs=880868