Effectiveness of fiscal announcements

Detalhes bibliográficos
Autor(a) principal: Jalles, João Tovar
Data de Publicação: 2023
Outros Autores: Battersby, Bryn, Lee, Rachel
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/162566
Resumo: Funding Information: Open access funding provided by FCT|FCCN (b-on). Open access funding provided by FCT|FCCN (b-on). This work was supported by the FCT (Fundação para a Ciência e a Tecnologia) [grant number UIDB/05069/2020]. The opinions expressed herein are those of the authors and do not necessarily reflect those of the authors’ employers. Any remaining errors are the authors’ sole responsibility. Publisher Copyright: © 2023, The Author(s).
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spelling Effectiveness of fiscal announcementsEarly evidence from COVID-19Below-the-line operationsCovid-19Fiscal announcementsGovernment expenditureLocal projectionsPanel dataEconomics and EconometricsFunding Information: Open access funding provided by FCT|FCCN (b-on). Open access funding provided by FCT|FCCN (b-on). This work was supported by the FCT (Fundação para a Ciência e a Tecnologia) [grant number UIDB/05069/2020]. The opinions expressed herein are those of the authors and do not necessarily reflect those of the authors’ employers. Any remaining errors are the authors’ sole responsibility. Publisher Copyright: © 2023, The Author(s).This paper empirically examines the effectiveness of announced government fiscal measures in the context of the COVID-19 pandemic. First, we build a new panel dataset of fiscal announcements by type, such as above-the line, below-the-line, and contingent liabilities for a wide sample of 136 advanced and developing countries between January 2020 and May 2021. Then, using this newly constructed dataset, we show, using both static and dynamic panel analyses, how various types of fiscal announcements affect alternative proxies of economic activity and across different income groups. We also evaluate how these effects vary depending on the country’s initial conditions (degree of public indebtedness or the business cycle positioning). Fiscal announcements also matter in terms of external credibility since they have an effect on government bond spreads. Ultimately, our findings suggest why it might be critical to consider the “news” effect of a fiscal measure by type rather than at the aggregated level.NOVA School of Business and Economics (NOVA SBE)RUNJalles, João TovarBattersby, BrynLee, Rachel2024-01-19T22:55:08Z20232023-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/162566eng0923-7992PURE: 76648305https://doi.org/10.1007/s11079-023-09735-4info: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:RCAAP2024-03-11T05:45:31Zoai:run.unl.pt:10362/162566Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:58:58.801307Repositório 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 Effectiveness of fiscal announcements
Early evidence from COVID-19
title Effectiveness of fiscal announcements
spellingShingle Effectiveness of fiscal announcements
Jalles, João Tovar
Below-the-line operations
Covid-19
Fiscal announcements
Government expenditure
Local projections
Panel data
Economics and Econometrics
title_short Effectiveness of fiscal announcements
title_full Effectiveness of fiscal announcements
title_fullStr Effectiveness of fiscal announcements
title_full_unstemmed Effectiveness of fiscal announcements
title_sort Effectiveness of fiscal announcements
author Jalles, João Tovar
author_facet Jalles, João Tovar
Battersby, Bryn
Lee, Rachel
author_role author
author2 Battersby, Bryn
Lee, Rachel
author2_role author
author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Jalles, João Tovar
Battersby, Bryn
Lee, Rachel
dc.subject.por.fl_str_mv Below-the-line operations
Covid-19
Fiscal announcements
Government expenditure
Local projections
Panel data
Economics and Econometrics
topic Below-the-line operations
Covid-19
Fiscal announcements
Government expenditure
Local projections
Panel data
Economics and Econometrics
description Funding Information: Open access funding provided by FCT|FCCN (b-on). Open access funding provided by FCT|FCCN (b-on). This work was supported by the FCT (Fundação para a Ciência e a Tecnologia) [grant number UIDB/05069/2020]. The opinions expressed herein are those of the authors and do not necessarily reflect those of the authors’ employers. Any remaining errors are the authors’ sole responsibility. Publisher Copyright: © 2023, The Author(s).
publishDate 2023
dc.date.none.fl_str_mv 2023
2023-01-01T00:00:00Z
2024-01-19T22:55:08Z
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/10362/162566
url http://hdl.handle.net/10362/162566
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0923-7992
PURE: 76648305
https://doi.org/10.1007/s11079-023-09735-4
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.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
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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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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