Rethinking the effects of fiscal policy on macroeconomic aggregates: A disaggregated SVAR analysis

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dc.contributor.authorUnal, Umut
dc.date.accessioned2025-10-24T18:06:53Z
dc.date.available2025-10-24T18:06:53Z
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. © 2015 Elsevier B.V., All rights reserved.
dc.identifier.endpage135
dc.identifier.issn1582-6163
dc.identifier.issn2537-6071
dc.identifier.issue3
dc.identifier.scopus2-s2.0-84944446313
dc.identifier.scopusqualityQ2
dc.identifier.startpage120
dc.identifier.urihttps://hdl.handle.net/20.500.12899/3260
dc.identifier.volume18
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherInstitute foe Economic Forecasting edexpert@zappmobile.ro
dc.relation.ispartofRomanian Journal of Economic Forecasting
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzScopus_20251023
dc.subjectDecomposition
dc.subjectFiscal shocks
dc.subjectIncome effect
dc.subjectTax policy
dc.subjectWealth effect
dc.titleRethinking the effects of fiscal policy on macroeconomic aggregates: A disaggregated SVAR analysis
dc.typeArticle

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