The global fiscal response to COVID-19: Risks and repercussions

Economic Analysis and Policy - Tập 69 - Trang 340-349 - 2021
Anthony J. Makin1, Allan Layton2
1Economics, Griffith Business School, Griffith University, Gold Coast, Australia
2Faculty of Business and Law, University of Southern Queensland, Springfield, Australia

Tài liệu tham khảo

Afonso, 2013, Growth and productivity: The role of government debt, Int. Rev. Econ. Finance, 25, 384, 10.1016/j.iref.2012.07.004 Auerbach, 2010, Activist fiscal policy, J. Econ. Perspect., 24, 141, 10.1257/jep.24.4.141 Baker, 2016, Measuring economic uncertainty, Q. J. Econ., 131, 1593, 10.1093/qje/qjw024 Barro, 1974, Are government bonds net wealth?, J. Political Econ., 81, 1095, 10.1086/260266 Buchanan, 1958 Cogan, 2010, New Keynesian versus old Keynesian government spending multipliers, J. Econom. Dynam. Control, 34, 281, 10.1016/j.jedc.2010.01.010 Davig, 2011, Monetary–fiscal policy interactions and fiscal stimulus, Eur. Econ. Rev., 55, 211, 10.1016/j.euroecorev.2010.04.004 Égert, 2015, Public debt, economic growth and nonlinear effects: Myth or reality?, J. Macroecon., 43, 226, 10.1016/j.jmacro.2014.11.006 Fincke, 2015, Public debt and economic growth in emerging market economies, South Afr. J. Econ., 83, 357, 10.1111/saje.12079 Grant, 2014 Guest, 2013, The dynamic effects of fiscal stimulus in a two-sector open economy, Rev. Dev. Econ., 17, 609, 10.1111/rode.12054 Gunarsa, 2020, Public debt in developing Asia: A help or hindrance to growth?, Appl. Econ. Lett., 10.1080/13504851.2019.1683147 Higgs, 1997, Regime uncertainty: why the great depression lasted so long and why prosperity resumed after the war, Indep. Rev., 1, 561 International Monetary Fund, 2020, 10.1787/557a761b-en Keynes, 1936 Kollmann, 2010, Government purchases and the real exchange rate, Open Econ. Rev., 21, 49, 10.1007/s11079-009-9148-2 Kumar, 2015, Public debt and growth, Economica, 82, 705, 10.1111/ecca.12138 Loayza, 2000, What drives private saving across the world?, Rev. Econ. Stat., 82, 165, 10.1162/003465300558678 Makin, 2010, Did fiscal stimulus counter recession? Evidence from the national accounts, Agenda, 17, 5 Makin, 2015, Has excessive public debt slowed world growth?, World Econ., 16, 235 Makin, 2018 Makin, 2019, Lessons for macroeconomic policy from the Global Financial Crisis, Econ. Anal. Policy, 64, 13, 10.1016/j.eap.2019.07.008 Makin, 2011, How potent is fiscal policy in Australia?, Econ. Pap., 30, 377, 10.1111/j.1759-3441.2011.00120.x Meade, 1958, Is the national debt a burden?, Oxford Econ. Pap., 10, 163, 10.1093/oxfordjournals.oep.a040800 Modigliani, 1961, Long-run implications of alternative fiscal policies and the burden of the national debt, Econ. J., 71, 730, 10.2307/2228247 Mountford, 2009, What are the effects of fiscal policy shocks?, J. Appl. Econometrics, 24, 960, 10.1002/jae.1079 Ramey, 2011, Can government purchases stimulate the economy?, J. Econ. Lit., 49, 673, 10.1257/jel.49.3.673 Ravn, 2012, Consumption, government spending, and the real exchange rate, J. Monetary Econ., 59, 215, 10.1016/j.jmoneco.2012.02.001 Seater, 1993, Ricardian equivalence, J. Econ. Lit., 31, 142 Spilimbergo, 2009, Fiscal policy for the crisis, CESifo Forum, 10, 26 Woodford, 2011, Simple analytics of the government expenditure multiplier, Am. Econ. J.: Macroecon., 3, 1