A note on the relationship between the cyclicality of markups and fiscal policy
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | |
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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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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 |
repository.mail.fl_str_mv |
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1799137764182065152 |