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The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany: A Disaggregated SVAR Analysis
Tenhofen, Jörn; Wolff, Guntram B.; Heppke-Falk, Kirsten H. - In: Jahrbücher für Nationalökonomie und Statistik 230 (2010) 3, pp. 328-355
Summary We investigate the effects of fiscal policy shocks on the German economy extending the SVAR approach of Blanchard and Perotti (2002). Direct government expenditure shocks are found to increase output and private consumption on impact. The output multiplier is smaller than one and is...
Persistent link: https://www.econbiz.de/10014609289
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The Macroeconomic Effects of Exogenous Fiscal Policy Shocks in Germany: A Disaggregated SVAR Analysis
Tenhofen, Jörn; Wolff, Guntram B.; Heppke-Falk, Kirsten H. - In: Journal of Economics and Statistics (Jahrbuecher fuer … 230 (2010) 3, pp. 328-355
We investigate the effects of fiscal policy shocks on the German economy extending the SVAR approach of Blanchard and Perotti (2002). Direct government expenditure shocks are found to increase output and private consumption on impact. The output multiplier is smaller than one and is falling...
Persistent link: https://www.econbiz.de/10008611595
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Systemic rivalry of China and the West in climate policy
Wolff, Guntram B. - In: The Economists' voice 20 (2023) 2, pp. 311-316
Persistent link: https://www.econbiz.de/10014464516
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What could a euro-area finance minister do?
Wolff, Guntram B. - In: Zeitschrift für Wirtschaftspolitik 66 (2017) 2, pp. 151-157
Persistent link: https://www.econbiz.de/10011893540
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What do deficits tell us about debts? : Empirical evidence on creative accounting with fiscal rules in the EU
Hagen, Jürgen von; Wolff, Guntram B. - 2004
Persistent link: https://www.econbiz.de/10002517595
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Banking and sovereign risk in the euro area
Gerlach, Stefan; Schulz, Alexander; Wolff, Guntram B. - 2010
Persistent link: https://www.econbiz.de/10003993995
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Capital markets union : a vision for the long term
Véron, Nicolas; Wolff, Guntram B. - In: Journal of financial regulation 2 (2016) 1, pp. 130-153
Persistent link: https://www.econbiz.de/10011731464
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Gas and energy security in Germany and central and Eastern Europe
Gritz, Alexandra; Wolff, Guntram B. - In: Energy policy : the international journal of the … 184 (2024), pp. 1-8
Persistent link: https://www.econbiz.de/10014454879
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What drives implementation of the European Union's policy recommendations to its member countries?
Wolff, Guntram B.; Efstathiou, Konstantinos - 2019
Persistent link: https://www.econbiz.de/10012197755
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Hybrid and cyber security threats and the EU's financial system
Demertzis, Maria; Wolff, Guntram B. - In: Journal of financial regulation 6 (2020) 2, pp. 306-316
Persistent link: https://www.econbiz.de/10012316757