Fiscal policy and financial market movements
Tài liệu tham khảo
Afonso, A., Hauptmeier, S., 2009. Fiscal behaviour in the European Union: Rules, fiscal decentralization and government indebtedness. Working paper, ECB.
Alesina, 1998, Tales of fiscal adjustments, Economic Policy, 13, 489, 10.1111/1468-0327.00039
Andre, C., 2010. A Bird’s eye view of OECD housing markets. Working paper, OECD.
Arellano, 1991, Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Review of Economic Studies, 58, 277, 10.2307/2297968
Arellano, 1995, An other look at the instrumental variable estimation of error-components models, Journal of Econometrics, 68, 29, 10.1016/0304-4076(94)01642-D
Barrell, 2010, Bank regulation, property prices and early warning systems for banking crises in OECD countries, Journal of Banking and Finance, 34, 2255, 10.1016/j.jbankfin.2010.02.015
Beetsma, 2010, Fiscal adjustment to cyclical developments in the OECD: An empirical analysis based on real-time data, Oxford Economic Papers, 62, 419, 10.1093/oep/gpp039
Beltratti, 2010, International house prices and macroeconomic fluctuations, Journal of Banking and Finance, 34, 533, 10.1016/j.jbankfin.2009.08.020
Benati, 2009, VAR analysis and the Great Moderation, American Economic Review, 99, 1636, 10.1257/aer.99.4.1636
Blanchard, 2002, An empirical characterization of the dynamic effects of changes in government spending and taxes on output, Quarterly Journal of Economics, 117, 1329, 10.1162/003355302320935043
Blundell, 1998, Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics, 87, 115, 10.1016/S0304-4076(98)00009-8
Bond, S., 2002. Dynamic panel data models: A guide to micro data methods and practice, Working paper, CEMMAP.
Bordo, 2002, Monetary policy and asset prices: Does “benign neglect” make sense?, International Finance, 5, 139, 10.1111/1468-2362.00092
Borio, C., Lowe, P., 2002. Asset prices, financial and monetary stability: Exploring the nexus. Working paper, Bank for International Settlements.
Buch, 2010, Macroeconomic shocks and bank’s foreign assets, Journal of Money, Credit and Banking, 42, 171, 10.1111/j.1538-4616.2009.00283.x
Cairns, 2004
Candelon, 2010, Fiscal policy and monetary integration in Europe: An update, Oxford Economic Papers, 62, 323, 10.1093/oep/gpp017
Celasun, O., Debrun, X., Ostry. J.D., 2006. Primary surplus behavior and risks to fiscal sustainability in emerging market countries: A “fan chart” approach. Working paper, IMF.
Celasun, O., Kang, J.S., 2006. On the properties of various estimators for fiscal reaction functions. Working paper, IMF.
Claeys, 2006, Policy mix and debt sustainability: Evidence from fiscal policy rules, Empirica, 33, 89, 10.1007/s10663-006-9009-9
Davig, T., Leeper, E.M., 2009. Monetary-fiscal policy interactions and fiscal stimulus. Working paper, NBER.
Eschenbanch, F., Schuknecht, L., 2002. Asset prices and fiscal balances.Working paper, ECB.
European Commission, 2006. Public Finances in EMU. European Economy No. 3. European Commission, Brussels.
European Commission, 2009. Public Finances in EMU. European Economy No. 3. European Commission, Brussels.
Gali, 2007, Understanding the effects of government spending on consumption, Journal of the European Economic Association, 5, 227, 10.1162/JEEA.2007.5.1.227
Gali, 2003, Fiscal policy and monetary integration in Europe, Economic Policy, 18, 533, 10.1111/1468-0327.00115_1
Gimeno, 2010, The relationship between house prices and house purchase loans: The Spanish case, Journal of Banking and Finance, 34, 1849, 10.1016/j.jbankfin.2009.12.011
Golinelli, 2009, The cyclical reaction of fiscal policies in the euro area: The role of modeling choices and data vintages, Fiscal Studies, 30, 39, 10.1111/j.1475-5890.2009.00089.x
Harris, 2004, A comparative analysis of different IV and GMM estimators of dynamic panel data models, International Statistical Review, 72, 335
Honohan, 2003, The fiscal cost implications of an accommodating approach to banking crises, Journal of Banking and Finance, 27, 1539, 10.1016/S0378-4266(02)00276-5
Iltzeki, E., Végh, C., 2008. Procyclical fiscal policy in developing countries: Thruth or fiction? Working paper, NBER.
International Monetary Fund, 2009. Debt Bias and Other Distortions: Crisis-Related issues in tax policy. IMF’s Fiscal Affairs Department. IMF, Washington.
International Monetary Fund, 2010. World Economic Outlook: Update, July. IMF, Washington.
Jaeger, A., Schuknecht, L., 2004. Boom-bust phases in asset prices and fiscal policy behavior. Working paper, IMF.
Johansson, A., Heady, C., Arnold, J., Brys B., Vartia, L., 2008. Tax and economic growth. Working Papers, OECD Economics Department.
Koetter, 2010, Real estate prices and bank stability, Journal of Banking and Finance, 34, 1109, 10.1016/j.jbankfin.2009.11.010
Laeven, L., Valencia, P., 2008. Systemic banking crises: A new database. Working paper, IMF.
Morris, R., Schucknecht, L., 2007. Structural balances and revenue windfalls: The role of asset prices. Working paper, ECB.
Oikarinen, 2009, Interaction between housing prices and household borrowing: The Finnish case, Journal of Banking and Finance, 33, 589, 10.1016/j.jbankfin.2008.11.004
Organization of Economic Cooperation and Development, 2008. Economic Outlook. OECD, Paris.
Organization of Economic Cooperation and Development, 2010. Pension Markets in Focus 7. OECD, Paris.
Perotti, 1999, Fiscal policy in good times and bad, Quarterly Journal of Economics, 114, 1399, 10.1162/003355399556304
Reinhart, 2009, The aftermath of financial crises, American Economic Review, 99, 466, 10.1257/aer.99.2.466
Roodman, 2009, A note on the theme of too may instruments, Oxford Bulletin of Economics and Statistics, 71, 135, 10.1111/j.1468-0084.2008.00542.x
Roodman, 2009, How to do xtabond2: An introduction to difference and system GMM in Stata, The Stata Journal, 9, 86, 10.1177/1536867X0900900106
Schuknecht, 2004, The fiscal costs of financial instability revisited, Economic Policy, 14, 313
Tujula, 2007, Budget balances in OECD countries: What makes them change, Empirica, 34, 1, 10.1007/s10663-006-9015-y
Wolswijk, 2010, Fiscal aspects of housing in Europe
