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Measuring effectiveness of fiscal policy in OECD countries

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  • Matti Viren

Abstract

The paper discusses the measurement of fiscal policy effects in the OECD/EU countries. The analysis is based on a simple VAR model for output growth, inflation and a fiscal indicator. Empirical analyses with data from 21 OECD countries for 1960-1996 show that fiscal policy effects differ considerably between EU countries. The core EMU countries do not seem to include France and Spain.

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  • Matti Viren, 2000. "Measuring effectiveness of fiscal policy in OECD countries," Applied Economics Letters, Taylor & Francis Journals, vol. 7(1), pages 29-34.
    • Handle: RePEc:taf:apeclt:v:7:y:2000:i:1:p:29-34
    DOI: 10.1080/135048500352059
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    References listed on IDEAS

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    1. Mr. Ramana Ramaswamy & Mr. Torsten M Sloek, 1997. "The Real Effects of Monetary Policy in the European Union: What Are the Differences?," IMF Working Papers 1997/160, International Monetary Fund.
    2. Alberto Alesina & Roberto Perotti, 1997. "Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects," IMF Staff Papers, Palgrave Macmillan, vol. 44(2), pages 210-248, June.
    3. Sutherland, Alan, 1997. "Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?," Journal of Public Economics, Elsevier, vol. 65(2), pages 147-162, August.
    4. Mr. Domenico Fanizza & Mr. Vito Tanzi, 1995. "Fiscal Deficit and Public Debt in Industrial Countries, 1970-1994," IMF Working Papers 1995/049, International Monetary Fund.
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    Cited by:

    1. Matti Viren, 2014. "Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions," International Economics and Economic Policy, Springer, vol. 11(3), pages 397-411, September.
    2. Matti Viren, 2011. "Fiscal policy coordination in the EMU: A problem with asymmetry and aggregation," Discussion Papers 70, Aboa Centre for Economics.
    3. VirÉn, Matti, 2000. "Fiscal Policy, Automatic Stabilisers and Policy Coordination in EMU," Discussion Papers 744, The Research Institute of the Finnish Economy.
    4. Virén, Matti, 2013. "Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions," Bank of Finland Research Discussion Papers 11/2013, Bank of Finland.
    5. repec:zbw:bofrdp:2013_011 is not listed on IDEAS
    6. Marc Hayford, 2005. "Fiscal policy and national saving," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 981-992.
    7. Virén, Matti, 2013. "Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions," Research Discussion Papers 11/2013, Bank of Finland.
    8. Matti Viren, 2012. "Problems of fiscal consolidation and policy coordination," Discussion Papers 82, Aboa Centre for Economics.

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