Price Differentials in Monetary Unions
The Role of Fiscal Shocks
Dados Bibliográficos
| ID | 9714912 |
|---|---|
| Autores | Fabio Canova (0000-0002-8782-4787, Universitat Pompeu Fabra), Evi Pappa (0000-0002-2393-0142, Universitat Autonòma de Barcelona) |
| Ano | 2007 |
| Volume | 117 |
| Fascículo | 520 |
| Páginas | 713-737 |
| Data de publicação | 2007-04-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic Journal (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editora | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2007.02047.x |
| OpenAlex | W2125077671 |
| Idioma | EN |
| Citações recebidas | 12 |
| Referências citadas | 12 |
We study the effect of regional expenditure and revenue shocks on price differentials for 47 US states and 9 EU countries. We identify shocks using sign restrictions on the dynamics of expenditures, revenues, deficits and output and construct two estimates for structural price differentials dynamics, one for the average and one for each unit, which optimally weight information contained in the data for all units. On average, expansionary fiscal disturbances produce positive, while distortionary balance budget shocks produce negative price differential responses. The negative price differentials responses in some units is partially explained by spillovers and labour supply effects. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007
Economics · Keynesian economics · Macroeconomics · Monetary economics · Price shock · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
Fiscal Stimulus in a Monetary Union
What are the effects of fiscal policy shocks?
Should we trust cross‐sectional multiplier estimates
The real effects of loan-to-value limits
External shocks, cross-border flows and macroeconomic risks in emerging market economies
Are Fiscal Multipliers Estimated with Proxy‐SVARs Robust
Immigration, policies of integration and healthcare expenditure
Fiscal Stimulus with Spending Reversals
Impulse and time persistence of disaggregate welfare expenditure on growth in the EU
Fiscal policy, public investment and structural change
The misalignment of fiscal multipliers in Italian regions
Sources of Borrowing and Fiscal Multipliers
| Obras citantes distintas | 12 |
|---|---|
| Citações por ano | 0,71 |
| Intervalo de citações | 2009 - 2024 (16) |
| Velocidade de citação | recent |
| Altamente citado | Não |
| Tipos de citação | Neutras: 12 |