We study empirically how various labor market institutions – (i) union density, (ii) unemployment benefit remuneration … more stringent labor market institutions attenuate both fiscal spending multipliers and macroeconomic volatility. This is … emanate from employment protection, followed by union density. While some labor market institutions mitigate the …

between multiplier size and the import share. Employing an interacted panel VAR model for EU countries, we estimate the effect …

Baltic countries, which opted for a fast and profound transformation of their institutions including business climates … during transition rises in countries where reforming institutions is particularly costly. …

multiplier is sensitive to the assumption of orthogonality between total factor productivity (non-fiscal proxy) and tax shocks …. If this correlation is assumed to be zero, the tax multiplier is found to be around one. If such correlation is non …-zero, as supported by our empirical evidence, we find a tax multiplier three times as large. Second, we find the spending …

impact inflation, little crowding out of private expenditure exists, and the multiplier tends to be larger compared to a one …

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …

institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … institutions implemented by the British, on disparity in present day development using district level data from India. Using …