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Working Papers, Santa Cruz Institute for International Economics, UC Santa Cruz >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/64071
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Aizenman, Joshua | | en_US |
| dc.contributor.author | | Jinjarak, Yothin | | en_US |
| dc.date.accessioned | | 2010-11-17 | | en_US |
| dc.date.accessioned | | 2012-09-21T11:54:54Z | | - |
| dc.date.available | | 2012-09-21T11:54:54Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/64071 | | - |
| dc.description.abstract | | We define the notion of 'de facto fiscal space' of a country as the outstanding public debt relative to the de facto tax base, where the latter measures the realized tax collection, averaged across several years to smooth for business cycle fluctuations. We apply this concept to account for the cross-country variation in the fiscal stimulus associated with the global crisis of 2009- 2010. We find that greater de facto fiscal space prior to the global crisis, higher GDP/capita, higher financial exposure to the US, and higher inflation were associated with a higher fiscal stimulus/GDP during 2009-2010. Intriguingly, higher trade openness has been associated with lower fiscal stimulus. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Santa Cruz Inst. for International Economics Santa Cruz, Calif. | | en_US |
| dc.relation.ispartofseries | | Working Papers, Santa Cruz Institute for International Economics 10-20 | | en_US |
| dc.subject.jel | | E62 | | en_US |
| dc.subject.jel | | F42 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | fiscal space | | en_US |
| dc.subject.keyword | | fiscal stimulus | | en_US |
| dc.subject.keyword | | trade openness | | en_US |
| dc.subject.stw | | Öffentliche Schulden | | en_US |
| dc.subject.stw | | Steueraufkommen | | en_US |
| dc.subject.stw | | Konjunkturpolitik | | en_US |
| dc.subject.stw | | Finanzpolitik | | en_US |
| dc.subject.stw | | Konjunktur | | en_US |
| dc.subject.stw | | Multiplikator | | en_US |
| dc.subject.stw | | Finanzmarktkrise | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | De facto fiscal space and fiscal stimulus: Definition and assessment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 640040179 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Santa Cruz Institute for International Economics, UC Santa Cruz
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