search query: @author Pagano, M. / total: 11
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| Author: | Giavazzi, F. Jappelli, T. Pagano, M. |
| Title: | Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries |
| Journal: | European Economic Review
2000 : JUN, VOL. 44:7, p. 1259-1289 |
| Index terms: | Fiscal policy SAVINGS OECD |
| Language: | eng |
| Abstract: | Several recent studies suggest that the response of national saving to fiscal policy may be non-linear. In this paper two data sets are used to search for the circumstances in which such non-linear response may arise: a sample of OECD countries, and a sample of developing countries using more recent World Bank data. It is found among others that in both samples non-linear effects tend to be associated with large and persistent fiscal impulses. In the OECD sample the non-linearity of the response is stronger for fiscal contractions than for expansions. |
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