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Journals / Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2011 / Cilt: 29 - Sayı: 1

Linear effects and efficiency of fiscal policy: Notes on theoretical and empirical literature

Maliye politikalarının doğrusal etkileri

Serkan ERKAM
Pages
101–125
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Finally, the conflicting effectiveness findings of the models are evaluated under the strong agreement of linearity.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper reviews the theoretical and empirical literature on the linear effects of fiscal policy.
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Key Findings & Data:For this purpose at first the linear effects of fiscal policy are discussed in the light of five major macroeconomics schools.
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Conclusion & Impact:Finally, the conflicting effectiveness findings of the models are evaluated under the strong agreement of linearity.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

This paper reviews the theoretical and empirical literature on the linear effects of fiscal policy. For this purpose at first the linear effects of fiscal policy are discussed in the light of five major macroeconomics schools. Then the VAR studies are summarized which extensively assume a linear causality between policy shocks and various macroeconomic variables. Finally, the conflicting effectiveness findings of the models are evaluated under the strong agreement of linearity.

Özet

Bu çalışmada maliye politikalarının doğrusal etkilerine ilişkin teorik ve ampirik literatür incelenmektedir. Bu amaçla, ilk olarak maliye politikalarının doğrusal etkileri beş temel makro iktisat okulu kapsamında ele alınmaktadır. Daha sonra, politika şokları ile çeşitli makro ekonomik değişkenler arasında doğrusal bir nedensellik olduğunu varsayan VAR modelleri özetlenmektedir. Son olarak, maliye politikalarının doğrusal etkilerini birkaç istisnai durum dışında doğrulayan söz konusu modellerin politika etkinliği konusundaki çelişkili bulguları değerlendirilmektedir.

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Cite This Article

ERKAM, S. (2022). Linear effects and efficiency of fiscal policy: Notes on theoretical and empirical literature. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 29 - Sayı: 1, 101–125. https://ajindex.com/articles/533136

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References (11)

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