• Graduate program
    • Why Tinbergen Institute?
    • Program Structure
    • Courses
    • Course Registration
    • Facilities
    • Admissions
    • Recent PhD Placements
  • Research
  • News
  • Events
    • Summer School
      • Behavioral Macro and Complexity
      • Econometrics and Data Science Methods for Business and Economics and Finance
      • Inequalities in Health and Healthcare
      • Introduction in Genome-Wide Data Analysis
      • Research on Productivity, Trade, and Growth
      • Summer School Business Data Science Program
    • Events Calendar
    • Tinbergen Institute Lectures
    • Annual Tinbergen Institute Conference
    • Events Archive
  • Summer School
  • Alumni
  • Times
Home | Events Archive | Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix

Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix

  • Series
  • Speaker(s)
    Guido Ascari (De Nederlandsche Bank, University of Pavia)
  • Field
  • Location
    location changed to online
  • Date and time

    November 23, 2021
    16:00 - 17:15

Abstract: Announcements of future government spending have different effects on activity depending on the monetary-fiscal policy mix: They are contractionary in the monetary regime but expansionary in the fiscal regime. This result contrasts with the expansionary nature of government spending at implementation in both regimes. Anticipation effects can therefore help empirically distinguish between the two regimes. Data support this theoretical result, reconciling conflicting results in the empirical literature that disappear once conditioning on the policy regime. These results suggest that it could be (un)wise to anticipate future fiscal policies, depending on the regime in place.


Topic: Guido Ascari seminar zoom link
Time: Nov 23, 2021 04:00 PM Amsterdam

Join Zoom Meeting

Meeting ID: 637 856 2651
Passcode: qbz&6c