Fiscal episodes and market power

We assess the effect of fiscal episodes, as determined via alternative approaches, on GDP and on markups in a panel of 14 OECD countries. Our results with narrative action-based data show counter-cyclicality since negative fiscal shocks increase markups. Additional empirical exercises reveal that sp...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Jalles, João Tovar (author)
Format: article
Language:eng
Published: 2022
Subjects:
Imperfect Competition
Fiscal Consolidations
Local Projection
Business Cycle
Impulse Response Functions
GMM
Online Access:http://hdl.handle.net/10400.5/25524
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25524

Internet

http://hdl.handle.net/10400.5/25524

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