Fiscal Policy, Profits, and Investment

By A. Alesina, Silvia Ardagna, Roberto Perotti, F. Schiantarelli. 2002

649 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fd5514b3a52dcff972b090147194638c5bdb7956

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In Economics and Econometrics

Citations in the corpus

Trade Spill-Overs of Fiscal Policy in the European Union: A Panel Analysis (2006, positive): “Alesina et al. (2002) and Ardagna et al.”
Natural resources, aid, and democratization: A best-case scenario (2007, background): “Springer K′(·) > 0, so utility is increasing in the level of spending; and K′′ (·) < 0 to capture the diminishing returns to government size due to the economic distortions it can create (Alesina et al., 2002; Landau, 1985).”
The Effects of Government Purchases Shocks: Review and Estimates for the EU* (2011, positive): “We include cyclically-adjusted net taxes (Alesina et al., 2002) rather than unadjusted net taxes to take account of the cross-country heterogeneity in the response of net taxes to changes in output.”
The economic effects of fiscal policy: The case of Spain (2008, background): “…Figure 2 shows that main culprit for the GDP decline is the wage bill component of public consumption in real terms, which is consistent with the hypothesis that public wage increases may exert upward pressure on the equilibrium wage, leading to lower profits and investment (Alesina et al., 2002).”
Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009 (2011, background): “Giavazzi and Pagano (1990) and Alesina et al. (2002) find that cuts can be expansionary.”
Stability and Growth in Europe: Towards a Better Pact (2004, background): “13See Schmalensee, et. al.”
The general equilibrium effects of fiscal policy: Estimates for the Euro area (2007, background): “On the response of investment, Alesina et al. (2002) have shown, on a large sample of OECD countries over the period 1960-2002, the negative effect on investment of a variety of government spending shocks (in particular related to transfers to households and to the public wage bill). Also Perotti (2”
The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach (2006, result): “These results are consistent with the hypothesis that public wage increases may exert upward pressure on the equilibrium wage, leading to lower profits and investment [Alesina et al. (2002)].”
Fiscal Policy and Financial Markets (2008, neutral): “example, Alesina et al. (2002) also use a similar regression analysis to study the effects of fiscal adjustment on private investment.”
The Effects of Fiscal Consolidations: Theory and Evidence (2017, methodology): “Alesina et al., 2015; Guajardo et al., 2014): fiscal consolidations implemented by raising taxes imply larger output losses compared to consolidations relying on reductions in government spending. The earlier literature had examined the effects of spending cuts adding up government consumption and t”
The Design of Fiscal Adjustments (2013, positive): “This result is in line with Alesina et al. (2002) and Alesina, Favero and Giavazzi (2012).”
How Does Fiscal Consolidation Impact on Income Inequality (2013, background): “…of fiscal adjustments work via the labor market and via the effect that tax increases and/or spending cuts have on the individual labor supply in a neoclassical model, and on the unions’ fall-back position in imperfectly competitive labor markets (Alesina and Ardagna, 1998; Alesina et al., 2002).”
Public and private sector wages interactions in a general equilibrium model (2010, neutral): “Nevertheless, some recent empirical literature for OECD countries finds a strong positive correlation between wages in the two sectors (see Demekas and Kontolemis 2000; Alesina et al. 2002; Lamo et al. 2008; Afonso and Gomes 2008).”
How Effective is Fiscal Policy Response in Systemic Banking Crises? (2009, background): “The authors wish to thank Fabian Bornhorst, Stijn Claessens, Julio Escolano, Mark Horton, Julie Kozack, Paolo Manasse, Krishna Srinivasan, and Steve Symansky for providing very helpful comments on an earlier version of the paper.”
The Impact of Taxation on Economic Growth: Case Study of OECD Countries (2015, background): “Alesina et al. (1999) mention that the main reason for this fact is that the growth of labour tax rate leads to the employees’ effort to get salary increase at a certain level before the taxation (it potentially also leads to the decrease of work supply). By this, pressure is created on companies to”