The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond

By P. Noord. 2000

342 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0f2c1b7f431e0c2ff29c4dd2968eca35fc115903

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Citations in the corpus

The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach (2006, neutral): “Hence, these have been taken from Van den Noord (2000) and Bouthevillain et al. (2001).”
QUEST III: An Estimated Open-Economy DSGE Model of the Euro Area with Fiscal and Monetary Policy (2009, positive): “Following the OECD estimates for revenue elasticities (van den Noord (2000)) we assume that consumption and capital income tax follow a linear scheme, and a progressive labour income tax schedule”
A reconciliation of SVAR and narrative estimates of tax multipliers (2014, background): “The specifications of Favero and Giavazzi (2012) and Mertens and Ravn (2012a) are vector autoregressions augmented with the contemporaneous value or a distributed lag of τt .”
The impact of extreme weather events on budget balances (2009, neutral): “…to improve the budget balance.18 The real GDP growth rate is significant for all samples.19 Yet, the reported income elasticities are rather low compared to the findings of other studies, where income elasticities range between 0.25 and 0.5 for OECD countries (van den Noord, 2000; Viren, 2000).”
Fi S cal F oreca S ting le SS on S F rom the literature an D challenge S 1 (2007, positive): “…short-and medium-term fiscal projections or attempting to assess the effect of the cycle on the budget focus on government revenues, in particular on important items such as Wage Taxes, Sales Taxes or Value Added Taxes, and Social Contributions (see Lawrence et al., 1998, and Van den Noord, 2000).”
Fiscal Policy Shocks in the Euro Area and the US: An Empirical Assessment (2010, methodology): “Hence, these have been taken from van den Noord (2000) and Bouthevillain et al. (2001).”
Trade Spill-Overs of Fiscal Policy in the European Union: A Panel Analysis (2006, positive): “Using this information, which is available on a country-by-country basis from Van den Noord (2000), we purge each component of net taxes of its cyclical component.”
Automatic Stabilizers and Economic Crisis: US vs. Europe (2012, neutral): “These facts, however, can be easily explained by a simple textbook IS-LM model as well as by large-scale macroeconometric models (van den Noord (2000), Buti and van den Noord (2004)).”
The Stabilizing Role of Government Size (2008, neutral): “This effect is also present in large scale macroeconometric models (see van den Noord, 2000, and Buti and van den Noord, 2004).”
Fiscal Decentralization and the Business Cycle: An Empirical Study of Seven Federations (2010, neutral): “Third, despite automatic fiscal stabilizers commonly built into national fiscal policy among EU member states (van den Noord 2000; Brunila, Buti, and in ‗t Veld 2002), subnational budgets in the world‘s federations have few such mechanisms.”
The economic effects of fiscal policy: The case of Spain (2008, neutral): “Hence, these have been taken from Van den Noord (2000) and Bouthevillain et al. (2001).”
The general equilibrium effects of fiscal policy: Estimates for the Euro area (2007, result): “1 for Spain, which on a weighted average basis is close to 1; see for these numbers van den Noord, P., 2000). This implies that average effective and average marginal tax rate are not very different from each other, at least in the dynamics, and that the mild pro-cyclicality in tax rates that we fin”
Targeting the Structural Balance (2007, positive): “Given the evidence that automatic stabilizers are estimated to improve overall budget performance by 0.5 percentage points (van den Noord, 2000; Bouthevillain et al., 2001; IMF, 2005a), this result suggests that discretionary policy has been used procyclically in developed countries as well.”