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  • Search: isPartOf:"Central Bank of Ireland Research Technical Paper 03/RT/2015"
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Year of publication
Subject
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EU countries 1 EU-Staaten 1 Euro area 1 Eurozone 1 Finanzpolitik 1 Fiscal consolidation 1 Fiscal policy 1 Haushaltskonsolidierung 1 Impact assessment 1 Wirkungsanalyse 1
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Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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English 1
Author
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Rannenberg, Ansgar 1 Schoder, Christian 1 Strasky, Jan 1
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Central Bank of Ireland Research Technical Paper 03/RT/2015 1
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ECONIS (ZBW) 1
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The Macroeconomic Effects of the Euro Area's Fiscal Consolidation 2011-2013 : A Simulation-Based Approach
Rannenberg, Ansgar - 2017
We simulate the Euro Area's fiscal consolidation between 2011 and 2013 by employing two DSGE models used by the ECB and the European Commission, respectively. The cumulative multiplier amounts to 0.7 and 1.0 in the baseline, but increases to 1.3 with a reasonably calibrated financial accelerator...
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