Should the European Central Bank and the Federal Reserve Be Concerned About Fiscal Policy

By M. Canzoneri, R. Cumby, B. Diba. 2002

216 citations recorded by the source corpus.

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Citations in the corpus

The Economic Effects of Long-Term Fiscal Discipline (2002, methodology): “For example, Elmendorf (1993) finds that an increase in the projected deficit of one percent of GNP raises five-year bond yields by 43 basis points; Canzoneri, Cumby, and Diba (2002) find that an increase in the projected CBO deficit averaging 1 percent of current GDP is associated with an increase…”
The economic effects of fiscal policy: The case of Spain (2008, background): “(1998) find a negative effect after an initial positive effect, Neri (2001) reports no significant effects and Canzoneri et al. (2002) find a temporary rise in inflation after a brief decline. For other OECD countries, Perotti (2004) finds positive effects of government spending on prices in Germany”
Policy mix and debt sustainability: evidence from fiscal policy rules (2006, background): “However, these short term reactions may not be distinguishable as FTPL reactions in the longer term (Canzoneri et al., 2002).”
Estimating the Effects of Fiscal Policy in OECD Countries (2002, unknown): “Canzoneri et al. [2002] conduct a careful exercise to quantify the interest semi-elasticity of net taxes.”
NEW EVIDENCE ON THE INTEREST RATE EFFECTS OF BUDGET DEFICITS AND DEBT (2009, unknown): “The dependent variable in column 4 is the spread between the 10-year and 3-month yields, which is one of the dependent variables used by Canzoneri et al. (2002), and can be seen as a simpler method of controlling for monetary policy’s influence on the short end of the yield curve compared to the…”
Fiscal Policy and Interest Rates in Europe (2006, background): “Moreover, as underscored by Canzoneri et al. (2002), it is also necessary to control for the stance of monetary policy.”
Fiscal policy and monetary integration in Europe (2003, unknown): “For such an attempt, see Fatás and Mihov (2002b), Perotti (2002), and Canzoneri et al. (2002).”
The Case Against the Case Against Discretionary Fiscal Policy (2004, unknown): “(See Canzoneri, Cumby, and Diba (2002), pp. 340-343.)”
The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach (2006, background): “Mountford and Uhlig (2002), Marcellino (2002) and Canzoneri et al. (2002) find no significant results, while Neri (2001) shows negative effects on output following a positive tax shock.”
Price differentials in monetary unions: The role of fiscal shocks (2007, methodology): “…pose a threat to union wide inflation stability, Central Banks may want to monitor the dynamics of regional fiscal variables closely – as suggested by Canzoneri et al. (2002) – and federal authorities may be justified in imposing deficit limits (as the Stability and Growth Pact in the EU) or…”
The Case for Restricting Fiscal Policy Discretion (2003, background): “…of fiscal policy shocks, Fatás and Mihov (2000) document the effects of spending shocks on consumption and employment, Alesina et al. (2002) estimate the effects of spending shocks on profits and investment, and Canzoneri et al. (2002) study the interaction between monetary and fiscal policy.”