the main purpose of the study is to examine the causal relationship between government revenues and expenditures of the jordan government over the period from 1990 to 2011 using granger causality and vecm tests methodology. which provides channels of causation between government revenues (gr) and government expenditures (ge).the empirical results show that bidirectional causality running betwee...

This study evaluates the household food demand patterns among different income sorts in urban and rural areas of Pakistan and estimation of food expenditure and household size elasticities. The different income sorts are the Lower Income Group(≤ 8000), Lower-middle Income Group(800112000), Middle Income Group(12001-18000),Upper-middle Income Group (18001-35000) and Upper Income Group (35000+) P...

This paper introduces constant government expenditure inWoodford’s finance constrained model (J. Econ. Theory, 1986) with capital–labor substitution as presented in Grandmont, Pintus and de Vilder (J. Econ. Theory, 1998) and investigates how government expenditure influences local dynamics near multiple steady states, depending upon the elasticity of substitution between capital and labor in pr...

the purpose of this paper is to examine the effects of monetary, fiscal and oil revenue shocks on macroeconomic variables in the framework of rule and discretionary monetary policy. to end this, we use a new keynesian dynamic stochastic general equilibrium (dsge) model. given the dominant role of oil in the country, we consider the role of oil shock in the model through different channels. the ...

Housing reform has been a key component in China's economic revitalization program initiated by the late paramount leader Deng Xiaoping since 1978. By reforming the welfare housing system, the Chinese government aims at the removal of a burden (i.e., welfare housing) from state finance. At the same time, housing reform will stimulate changes in consumption, investment, and related industrial se...

The Australian Commonwealth government provides a set of benefits to high income older people, which are intended to promote saving for retirement. It has not been established whether this unusual policy is effective. Using illustrative models, it is shown that these benefits may induce some people to save and work more, but they may have the opposite effect on other...

The research deals with analysis of Nigeria democracy and its impact on fiscal and monetary policies. Secondary data from Central Bank of Nigeria (CBN) was mainly used for this study. The study adopted descriptive statistics, regression and correlation analysis on fiscal and monetary variables (i.e., inflation, interest rate, narrow money, broad money, government recurrent and capital expenditu...

This paper studies stylized empirical facts regarding the e¤ects of unexpected changes in aggregate macroeconomic policies on consumers that are allowed to di¤er depending on their individual characteristics. In particular, we focus on …scal shocks due to their important e¤ects on consumers’welfare. We use data from the Consumption Expenditure Survey (CEX) to estimate impulse responses as well ...