Testing the Effectiveness of Fiscal Policy on Output in France: A SVAR Approach (notice n° 468195)
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|---|---|
| fixed length control field | 01438cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121053450.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Biau, Olivier |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Testing the Effectiveness of Fiscal Policy on Output in France: A SVAR Approach |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2005.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 84 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | To measure the effectiveness of fiscal policy in France, we estimate a structural VAR inspired by Blanchard and Perotti (2002). Consistently with most large macro-econometric models, our findings show the macroeconomic effectiveness of a structural increase in public spending in the short run (multiplier close to 1.4), which – beyond its mechanical impact on aggregate demand – stimulates private consumption and investment. Similarly, the estimated effect of a structural increase in taxes on output is negative, mainly because of a decrease in private consumption; however, this response is small (multiplier close to only-0.1) and significant only in the very short run, although the result depends on the specific tax examined. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Vector Autoregression |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | taxation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | fiscal policy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | government spending |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Girard, Élie |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 169-170-171 | 3 | 2005-10-01 | p. 1-23 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2005-3-page-1?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-economie-et-prevision-1-2005-3-page-1?lang=en&redirect-ssocas=7080</a> |
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