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Studies by P. Borys and Co-Authors Describe New Findings in General Finance (Panel Data Evidence on the Effects of Fiscal Policy Shocks in the EU New...

July 26, 2014



Studies by P. Borys and Co-Authors Describe New Findings in General Finance (Panel Data Evidence on the Effects of Fiscal Policy Shocks in the EU New Member States)

By a News Reporter-Staff News Editor at Investment Weekly News -- Investigators publish new report on General Finance. According to news reporting from Warsaw, Poland, by VerticalNews journalists, research stated, "We identify fiscal policy shocks in the EU new member states using four different methods. We use panel data techniques to estimate the output response to these shocks."

The news correspondents obtained a quote from the research, "We find that investment and export growth increase after fiscal consolidation and decelerate after fiscal stimulus when the shocks are expenditure-based. In contrast, private consumption does not respond to fiscal policy shocks. Expenditure-based fiscal consolidations reduce wages, supporting the view that fiscal consolidation of such composition enhances the competitiveness and profitability of domestic enterprises."

According to the news reporters, the research concluded: "In contrast, we do not find evidence of fiscal shocks affecting households' confidence."

For more information on this research see: Panel Data Evidence on the Effects of Fiscal Policy Shocks in the EU New Member States. Fiscal Studies, 2014;35(2):189-224. Fiscal Studies can be contacted at: Wiley-Blackwell, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Fiscal Studies - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-5890)

Our news journalists report that additional information may be obtained by contacting P. Borys, Natl Bank Poland, Monetary Policy Council, Warsaw, Poland. Additional authors for this research include P. Cizkowicz and A. Rzonca.

Keywords for this news article include: Warsaw, Poland, Europe, General Finance

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Source: Investment Weekly News


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