Search Results - subject:"Fiscal policy"

Do EU fiscal rules support or hinder counter-cyclical fiscal policy?

Larch, Martin; Orseau, Eloïse; Van Der Wielen, Wouter - 2020

Rather than stabilising aggregate demand, discretionary fiscal policy tends to amplify cyclical fluctuations of output … fiscal policy has also been associated with the commonly agreed fiscal rules, which, for some observers, unduly limit the …-cyclical fiscal policy. Lawmakers can run discretionary fiscal policy measures based on political economy considerations up to a point …

Persistent link: https://www.econbiz.de/10012206018

The role of institutional quality on the effects of fiscal stimulus

Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2020

This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees of institutional quality. The identification strategy makes use of data on military expenditure to instrument government consumption using local lineal projections as presented...

Persistent link: https://www.econbiz.de/10012238283

A decomposition of structural revenue developments for euro area member states

Morris, Richard; Reiss, Lukas - 2020

This paper presents a framework for analysing the evolution of the structural government deficit estimated using the official EU methodology relevant for the Stability and Growth Pact. The focus of our framework lies in the analysis of the main driving forces of changes in estimated structural...

Persistent link: https://www.econbiz.de/10012259400

Jobs multipliers : evidence from a large fiscal stimulus in Spain

Alloza, Mario; Sanz, Carlos - 2019

Persistent link: https://www.econbiz.de/10012113783

(How) has EMU affected fiscal policy in Austria?

Köhler-Töglhofer, Walpurga; Prammer, Doris; Reiss, Lukas - In: Monetary policy & the economy : quarterly review of … (2019) 1/2, pp. 71-84

Persistent link: https://www.econbiz.de/10012214846

Fiscal expenditure spillovers in the euro area : an empirical and model-based assessment

Alloza, Mario; Ferdinandusse, Marien; Jacquinot, Pascal; … - 2020

The paper describes the main transmission channels of the spillovers of national fiscal policies to other countries within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union (EMU), fiscal spillovers are relevant for the accurate...

Persistent link: https://www.econbiz.de/10012206331

Understanding the size of the government spending multiplier : it's in the sign

Barnichon, Régis; Debortoli, Davide; Matthes, Christian - 2020 - This version: January 2020

Persistent link: https://www.econbiz.de/10012207294

Optimal fiscal policy without commitment: revisiting Lucas-Stokey

Debortoli, Davide; Nunes, Ricardo; Yared, Pierre - 2020 - This version: January 2020

Persistent link: https://www.econbiz.de/10012207301

The government spending multiplier at the zero lower bound : evidence from the United States

Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel - 2020

government spending growth forecast series to account for the effects of anticipated fiscal policy. In our baseline specification …

Persistent link: https://www.econbiz.de/10012209159

German Economy faces bumpy recovery

Boysen-Hogrefe, Jens; Fiedler, Salomon; Groll, Dominik; … - 2020

The German economy is only gradually regaining momentum after the Covid-19-related slump. Although production bottomed out in April and should quickly make up some of the losses with the easing of the lockdown beginning in May, full recovery from the crisis will take some time. One reason is...

Persistent link: https://www.econbiz.de/10012252779