scholarly journals How Effective is Fiscal Policy Response in Systemic Banking Crises?

2009 ◽  
Author(s):  
Emanuele Baldacci ◽  
Sanjeev Gupta ◽  
Carlos Mulas-Granados
2009 ◽  
Vol 09 (160) ◽  
pp. 1 ◽  
Author(s):  
Sanjeev Gupta ◽  
Carlos Mulas-Granados ◽  
Emanuele Baldacci ◽  
◽  
◽  
...  

2011 ◽  
Vol 58 (1) ◽  
pp. 181-219 ◽  
Author(s):  
A. Turrini ◽  
W. Roeger ◽  
I. P. Szekely

Author(s):  
Martine Guerguil ◽  
Marcos Poplawski-Ribeiro ◽  
Anna Shabunina

2012 ◽  
Vol 34 (5) ◽  
pp. 605-620 ◽  
Author(s):  
Amany A. El Anshasy ◽  
Michael D. Bradley

2015 ◽  
Vol 45 (2) ◽  
pp. 437-458
Author(s):  
Viviane Luporini

<title>Abstract</title><p>This paper estimates a fiscal reaction function for Brazil and investigates how the government's fiscal reaction has changed over time when controlling for cyclical variations in output and the relative participation of indexed debt. Using monthly data since 1991, we estimate a rolling reaction function with a one observation step and a sample-window of 12 observations. Our results indicate that the government's fiscal response has been such that a one percent increase in the debt-GDP ratio can be associated to an average increase in the primary surplus of approximately 0.096% over GDP or 9.6 basis points; the government's fiscal reaction has become more stable but less responsive to the debt-income level after 2000 and assumed a declining trend after 2006.</p>


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