文献类型：期刊文献

英文题名：Fiscal shocks and spillovers in a dynamic two-country model

作者：Li, Jingchao[1]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China

年份：2022

卷号：29

期号：1

起止页码：53

外文期刊名：INTERNATIONAL TAX AND PUBLIC FINANCE

收录：;WOS:【SSCI(收录号:WOS:000618584100001)】；

基金：I am grateful to Bill Dupor, Paul Evans, Pok-Sang Lam, and Byoung Hoon Seok for advice. I also thank seminar participants at The Ohio State University, two anonymous referees, and the editor, Ronald Davies, for comments and suggestions that have substantially influenced this paper. I acknowledge support from Shanghai Municipal Education Commission Research Project (Grant 2017-01-07-00-02-E00008).

语种：英文

外文关键词：Government spending; Tax rate; Cross-border spillovers

摘要：This paper examines the cross-border effects of domestic fiscal shocks on foreign economic activities by constructing a two-country general equilibrium model. The model yields two main results by comparing four alternative fiscal shocks: government spending, the capital income tax rate, the labor income tax rate, and the consumption tax rate. First, domestic fiscal shocks can generate sizable spillovers abroad. Second, once the size of each fiscal shock is normalized to achieve an equal change in government revenue, the spillover effects of different fiscal shocks on the foreign economic variables are qualitatively similar.