scholarly journals Implementation Lag of Discretionary Fiscal Policy

2016 ◽  
Vol 64 (3) ◽  
pp. 245-263 ◽  
Author(s):  
Jakub Fischer ◽  
Hana Lipovská ◽  
Daniel Němec
Keyword(s):  
Fiscal Policy ◽  
Discretionary Fiscal Policy ◽  
Implementation Lag

Discretionary fiscal policy in the Euro area: Past, present and future

2020 ◽  
pp. 55-85
Author(s):  
Francesco Caprioli ◽  
Marzia Romanelli ◽  
Pietro Tommasino
Keyword(s):  
Fiscal Policy ◽  
Euro Area ◽  
Discretionary Fiscal Policy

scholarly journals The impact of COVID-19 on households´ income in the EU

2021 ◽  
Author(s):  
Vanda Almeida ◽  
Salvador Barrios ◽  
Michael Christl ◽  
Silvia De Poli ◽  
Alberto Tumino ◽  
...  
Keyword(s):  
Fiscal Policy ◽  
Disposable Income ◽  
Income Loss ◽  
Eu Member States ◽  
Policy Interventions ◽  
Discretionary Fiscal Policy ◽  
Policy Measures ◽  
The One ◽  
The Impact ◽  
The Eu

AbstractThis analysis makes use of economic forecasts for 2020 issued by the European Commission in Autumn 2019 and Spring 2020, and of a counterfactual under a no-policy change assumption, to analyse the impact of the COVID-19 crisis on EU households´ income. Additionally, our analysis assesses the cushioning effect of discretionary fiscal policy measures taken by the EU Member States. We find that the COVID-19 pandemic is likely to affect significantly households’ disposable income in the EU, with lower income households being more severely hit. However, our results show that due to policy intervention, the impact of the crisis is expected to be similar to the one experienced during the 2008–2009 financial crisis. In detail, our results indicate that discretionary fiscal policy measures will play a significant cushioning role, reducing the size of the income loss (from −9.3% to −4.3% for the average equivalised disposable income), its regressivity and mitigating the poverty impact of the pandemic. We conclude that policy interventions are therefore instrumental in cushioning against the impact of the crisis on inequality and poverty.

scholarly journals The role of automatic stabilizers in business cycle: the case of indonesia

2021 ◽  
Vol 10 (2) ◽  
pp. 167-184
Author(s):  
Haryo Kuncoro
Keyword(s):  
Fiscal Policy ◽  
Standard Model ◽  
Policy Instrument ◽  
Economic Stability ◽  
Fiscal Stimulus ◽  
Quarterly Data ◽  
Discretionary Fiscal Policy ◽  
The Impact ◽  
Automatic Stabilizers

TThe use of large fiscal stimulus packages to dampen the impact of Covid-19 recently has raised concerns about the effectiveness of the discretionary fiscal policy. This paper aims at analysing the feasibility of automatic fiscal stabilisers to mitigate economic fluctuations in the case of Indonesia. Using the IMF standard model for quarterly data over the period of 2001(1) to 2019(4), we find that the role of automatic fiscal stabilisers is getting greater both in revenue and spending. This implies that the automatic fiscal stabilisers are feasible as the main fiscal policy instrument for economic stability goals in the future. However, given the existing circumstances, Indonesia has to reform economic, regulatory, and institutional ecosystems in adopting the automatic fiscal stabilisers.

scholarly journals Discretionary Fiscal Policy: The Case of Switzerland

2010 ◽  
Author(s):  
Andres Frick ◽  
Michael Graff ◽  
Jochen Hartwig ◽  
Boriss Siliverstovs
Keyword(s):  
Fiscal Policy ◽  
Discretionary Fiscal Policy

PREANNOUNCED OPTIMAL TAX REFORM

2005 ◽  
Vol 9 (2) ◽  
pp. 150-169 ◽  
Author(s):  
DAVID DOMEIJ ◽  
PAUL KLEIN
Keyword(s):  
Steady State ◽  
Fiscal Policy ◽  
Tax Reform ◽  
The Other ◽  
Welfare Gain ◽  
Welfare Gains ◽  
Optimal Tax ◽  
Other Hand ◽  
Optimal Fiscal Policy ◽  
Implementation Lag

In constitutional democracies, laws take time to be deliberated upon, to be passed, and to be implemented. Motivated by this observation, we study the properties of optimal tax reform when it has to be announced in advance of its implementation. We find that a delay between announcement and implementation has large effects on the optimal fiscal policy during the transition to the new steady state. On the other hand, we find that the welfare gains from optimal tax reform are fairly robust to the introduction of an implementation lag. Increasing the lag from zero to four years reduces the welfare gains by less than a quarter. Moreover, it turns out that this reduction of the welfare gain is mainly due to the delay itself rather than the effect of preannouncement on the character of the optimal tax reform.

Effect of credibility and reputation on discretionary fiscal policy: empirical evidence from Colombia

2016 ◽  
Vol 53 (4) ◽  
pp. 1529-1552 ◽  
Author(s):  
Juan Camilo Galvis Ciro ◽  
Helder Ferreira de Mendonça
Keyword(s):  
Fiscal Policy ◽  
Empirical Evidence ◽  
Discretionary Fiscal Policy
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