A note on the relationship between the cyclicality of markups and fiscal policy

Detalhes bibliográficos
Autor(a) principal: Claeysa, Peter
Data de Publicação: 2012
Outros Autores: Costa, Luís F.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/30190
Resumo: In this paper, we demonstrate that, in a simple endogenous markup model, the cyclical behavior of government spending. Under plausible parameter assumptions, pro-cyclical spending results in less counter-cyclical mark-ups. We use IV estimators to test cyclicality of government spending in a dataset of 13 OECD countries over 1970-2007 and compare the results to makeup cyclicality implicit in [1] . We confirm a weak version of our theoretical hypothesis. Our paper supplies an explication that reconciles the variety of empirical findings on the cyclical behavior of markups and fiscal policy.
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spelling A note on the relationship between the cyclicality of markups and fiscal policyBusiness Cycle and FluctuationsMark-Up ModelFiscal PolicyOECD CountriesIn this paper, we demonstrate that, in a simple endogenous markup model, the cyclical behavior of government spending. Under plausible parameter assumptions, pro-cyclical spending results in less counter-cyclical mark-ups. We use IV estimators to test cyclicality of government spending in a dataset of 13 OECD countries over 1970-2007 and compare the results to makeup cyclicality implicit in [1] . We confirm a weak version of our theoretical hypothesis. Our paper supplies an explication that reconciles the variety of empirical findings on the cyclical behavior of markups and fiscal policy.IREA - Research Institute of Applied EconomicsRepositório da Universidade de LisboaClaeysa, PeterCosta, Luís F.2024-02-23T11:54:05Z20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/30190engClaeysa, Peter and Luís F. Costa .(2012). “A note on the relationship between the cyclicality of markups and fiscal policy”. IREA - Research Institute of Applied Economics, Working Paper 2012/15. (Search PDF in 2024).info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-25T01:36:06Zoai:www.repository.utl.pt:10400.5/30190Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:11:26.513825Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv A note on the relationship between the cyclicality of markups and fiscal policy
title A note on the relationship between the cyclicality of markups and fiscal policy
spellingShingle A note on the relationship between the cyclicality of markups and fiscal policy
Claeysa, Peter
Business Cycle and Fluctuations
Mark-Up Model
Fiscal Policy
OECD Countries
title_short A note on the relationship between the cyclicality of markups and fiscal policy
title_full A note on the relationship between the cyclicality of markups and fiscal policy
title_fullStr A note on the relationship between the cyclicality of markups and fiscal policy
title_full_unstemmed A note on the relationship between the cyclicality of markups and fiscal policy
title_sort A note on the relationship between the cyclicality of markups and fiscal policy
author Claeysa, Peter
author_facet Claeysa, Peter
Costa, Luís F.
author_role author
author2 Costa, Luís F.
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Claeysa, Peter
Costa, Luís F.
dc.subject.por.fl_str_mv Business Cycle and Fluctuations
Mark-Up Model
Fiscal Policy
OECD Countries
topic Business Cycle and Fluctuations
Mark-Up Model
Fiscal Policy
OECD Countries
description In this paper, we demonstrate that, in a simple endogenous markup model, the cyclical behavior of government spending. Under plausible parameter assumptions, pro-cyclical spending results in less counter-cyclical mark-ups. We use IV estimators to test cyclicality of government spending in a dataset of 13 OECD countries over 1970-2007 and compare the results to makeup cyclicality implicit in [1] . We confirm a weak version of our theoretical hypothesis. Our paper supplies an explication that reconciles the variety of empirical findings on the cyclical behavior of markups and fiscal policy.
publishDate 2012
dc.date.none.fl_str_mv 2012
2012-01-01T00:00:00Z
2024-02-23T11:54:05Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/30190
url http://hdl.handle.net/10400.5/30190
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Claeysa, Peter and Luís F. Costa .(2012). “A note on the relationship between the cyclicality of markups and fiscal policy”. IREA - Research Institute of Applied Economics, Working Paper 2012/15. (Search PDF in 2024).
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv IREA - Research Institute of Applied Economics
publisher.none.fl_str_mv IREA - Research Institute of Applied Economics
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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