| 000 | 01438cam a2200217 4500500 | ||
|---|---|---|---|
| 005 | 20250121053450.0 | ||
| 041 | _afre | ||
| 042 | _adc | ||
| 100 | 1 | 0 |
_aBiau, Olivier _eauthor |
| 700 | 1 | 0 |
_a Girard, Élie _eauthor |
| 245 | 0 | 0 | _aTesting the Effectiveness of Fiscal Policy on Output in France: A SVAR Approach |
| 260 | _c2005. | ||
| 500 | _a84 | ||
| 520 | _aTo 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 | _aVector Autoregression | ||
| 690 | _ataxation | ||
| 690 | _afiscal policy | ||
| 690 | _agovernment spending | ||
| 786 | 0 | _nEconomie & prévision | o 169-170-171 | 3 | 2005-10-01 | p. 1-23 | 0249-4744 | |
| 856 | 4 | 1 | _uhttps://shs.cairn.info/journal-economie-et-prevision-1-2005-3-page-1?lang=en&redirect-ssocas=7080 |
| 999 |
_c468195 _d468195 |
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