Arbeitspapier
Market power and fiscal policy in OECD countries
We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show that the mark-up (i) depicts a pro-cyclical behaviour with productivity shocks and (ii) a mildly counter-cyclical behaviour with fiscal spending shocks. We also use a Panel Vector Auto-Regression analysis, increasing the efficiency in the estimations, which confirms the countryspecific results.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 1173
- Klassifikation
-
Wirtschaft
- Thema
-
Fiscal Policy
Mark-up
Panel VAR
VAR
Finanzpolitik
Mark-up Pricing
VAR-Modell
Panel
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Afonso, António
Costa, Luís F.
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Afonso, António
- Costa, Luís F.
- European Central Bank (ECB)
Entstanden
- 2010
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