RETHINKING THE EFFECTS OF FISCAL POLICY ON MACROECONOMIC AGGREGATES: A DISAGGREGATED SVAR ANALYSIS

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dc.authoridUnal, Umut/0000-0002-1282-5427
dc.contributor.authorUnal, Umut
dc.date.accessioned2025-10-24T18:10:19Z
dc.date.available2025-10-24T18:10:19Z
dc.date.issued2015
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractThis paper characterizes the dynamic effects of net tax and government spending shocks on several macroeconomic aggregates in four OECD countries using a structural VAR approach. For the first time in the literature, I propose a structural decomposition of total net taxes into four components: corporate income taxes, income taxes, indirect taxes and social insurance taxes. The paper provides estimates of the responses of macroeconomic aggregates to innovations in these net tax components. Decompositions of total net tax innovations show that net tax components have different impacts on economic variables depending upon the strength of wealth, substitution, and income effects reflecting the structure of the economies.
dc.identifier.endpage135
dc.identifier.issn1582-6163
dc.identifier.issn2537-6071
dc.identifier.issue3
dc.identifier.startpage120
dc.identifier.urihttps://hdl.handle.net/20.500.12899/4093
dc.identifier.volume18
dc.identifier.wosWOS:000362387300007
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherInst Economic Forecasting
dc.relation.ispartofRomanian Journal Of Economic Forecasting
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20251023
dc.subjectFiscal shocks; Tax policy; decomposition; income effect; wealth effect
dc.titleRETHINKING THE EFFECTS OF FISCAL POLICY ON MACROECONOMIC AGGREGATES: A DISAGGREGATED SVAR ANALYSIS
dc.typeArticle

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