scholarly journals The Impact on Consumption and Saving of Current and Future Fiscal Policies

2003 ◽  
Author(s):  
Katherine Grace Carman ◽  
Jagadeesh Gokhale ◽  
Laurence Kotlikoff
Keyword(s):  
Fiscal Policies ◽  
Consumption And Saving ◽  
The Impact

The Impact of Monetary and Fiscal Policies on the Stock Market in the United States (U.S); Evidence from Linear ARDL Framework

2020 ◽  
Vol 11 (1) ◽  
pp. 132-132
Author(s):  
Aref Emamian
Keyword(s):  
United States ◽  
Stock Market ◽  
The United States ◽  
Real Effective Exchange Rate ◽  
Annual Data ◽  
Fiscal Policies ◽  
Long Run ◽  
The Us ◽  
Short Run ◽  
The Impact

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States

Impact of the OMRR Operation in Fighting the Adverse Effects of COVID-19 on the Chinese Stock Market: An Event Study

2021 ◽  
Vol 16 (3) ◽  
pp. 495-520
Author(s):  
Lin Guo ◽  
◽  
Xufei Zhang ◽  
Songlei Chao ◽  
◽  
...  
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Abnormal Return ◽  
Fiscal Policies ◽  
Chinese Stock Market ◽  
Open Market ◽  
Monetary Policies ◽  
Technology Industry ◽  
The Impact ◽  
China’S Economy

The outbreak of the COVID-19 epidemic has had an adverse effect on China's economy. This paper uses the event study method to test and measure the impact of the open market reverse repo (OMRR) operation on the Chinese stock market. The results show that the OMRR operation generates a positive daily abnormal return and a positive daily cumulative abnormal return on average for all stocks. The impact is larger for non-state-owned enterprise (non-SOE) firms than for SOE firms, stocks of non-Hubei provinces than those of the Hubei province, and for stocks of the information transmission and technology industry than those of other industries. We suggest that our government implement more prudent monetary policies and more proactive fiscal policies.

The Impact of Tax Policies on Behavior of Albanian Taxpayers

2019 ◽  
pp. 219-250
Author(s):  
Dorina Plaku ◽  
Eglantina Hysa
Keyword(s):  
Economic Development ◽  
Small Businesses ◽  
Business Performance ◽  
Capital City ◽  
Economic Environment ◽  
Tax Policies ◽  
Fiscal Policies ◽  
Tax System ◽  
Tax Changes ◽  
The Impact

The Albanian state has experienced many changes of this system over the years due to the policies and different regimes that have followed, but there has always been a tendency for improvement. The tax system and the informality are the mirror of the economy of the country, especially the favorable tax/fiscal policies that have been adapted to the economy, which bring economic development and integration of all the gaps to a proper economic environment. The chapter aims to find the effects of tax changes on the taxpayers. Furthermore, the study focuses on how the business performance has been indicated from the tax control. The data is collected from a survey which was focused in small and big businesses that operates in the capital city of Albania, in Tirana. The questionnaire is realized during April 2018. The main finds of the study are the different perception of businesses for the tax control and the impact of the fiscal changes on these businesses. All these fiscal changes that the businesses faced were more in disfavor of the small businesses.

The regional and personal impact of the fiscal policies of a limited franchise government: Italy immediately after unification

2020 ◽  
Vol 35 (1) ◽  
pp. 37-61
Author(s):  
Giorgio Brosio
Keyword(s):  
Social Impact ◽  
Balance Sheet ◽  
Fiscal Policies ◽  
Ruling Class ◽  
Personal Impact ◽  
The Government ◽  
Agricultural Families ◽  
Registered Voters ◽  
Regional Discrimination ◽  
The Impact

For 15 years after its inception, Italy was governed by the Historical Right coalition. The electoral franchise was very limited: registered voters were less than 2 per cent of the population and their actual numbers were further eroded by absenteeism. The achievements of the first governments were impressive, though one can disagree on the merit of the policies, as many did. Most of the policies imposed a lot of hardship: individuals had to pay high taxes; they were drafted into the army for long periods; and they were sent to fight civil and regular wars. The very limited access to the vote led the ruling class to perceive that, in the short term, its actions were insulated against the unpopularity of its policies. Therefore, it pursued the mission of aggrandising the country and creating what it believed to be a viable and modern government system. The regional allocation of budget resources became the most disputed issue as the government coalition was accused of discriminating against southern regions. The article explores these themes empirically by constructing the so-called balance sheet of federations, leading to an estimate for each region of the net impact (the fiscal residuum) of national government tax and expenditure policies. The article also provides an estimate of the impact of tax and expenditure policies on poor agricultural families located in different areas. Both statistical exercises provide an original, though limited, contribution to the literature on the economic and social impact of the unification process in Italy. The analyses reveal that no redistribution was made, and regional discrimination did not emerge.

scholarly journals Inequality and Poverty in Uruguay by Race: The Impact of Fiscal Policies

2014 ◽  
Author(s):  
Florencia Amabile ◽  
Marisa Bucheli ◽  
Maximo Rossi
Keyword(s):  
Fiscal Policies ◽  
The Impact
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