scholarly journals Fiscal Policy Shocks and International Spillovers

2020 ◽  
Author(s):  
Ayobami Ilori ◽  
Juan Paez-Farrell ◽  
Christoph Thoenissen
2021 ◽  
pp. 103969
Author(s):  
Ayobami E. Ilori ◽  
Juan Paez-Farrell ◽  
Christoph Thoenissen

2014 ◽  
Vol 35 (2) ◽  
pp. 189-224 ◽  
Author(s):  
Paweł Borys ◽  
Piotr Ciżkowicz ◽  
Andrzej Rzońca

2010 ◽  
Vol 10 (2) ◽  
pp. 159-174 ◽  
Author(s):  
Ahmad Nawawi ◽  
Ferry Irawan

This paper presents an analysis of the effect of fiscal policy in Indonesia based on a VAR approach. Fiscal policy shocks are identified as a structural residuals related to unexpected government expenditures and tax revenues. Impulse responses are then used to simulate the dynamic response of key macroeconomics variables of shocks. The analysis shows that GDP responses negatively to tax shocks, and positively to expenditure shock. Moreover, disposable income and private consumptionreact negatively to taxation and positively to government expenditures. Altogether the results are consistent with that of Keynesian models.


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