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State-of-Play in Implementing Macroeconomic Adjustment Programmes in the Euro Area

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - Rheinisch-Westfälisches Institut für … - 2014

Two of the four macroeconomic adjustment programmes, Portugal and Ireland’s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...

Persistent link: https://www.econbiz.de/10010778653

Government Spending Shocks and the Multiplier: New Evidence from the U.S. Based on Natural Disasters

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2012

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build-ups. …

Persistent link: https://www.econbiz.de/10010877863

Using Military Build-Ups to Capture Fiscal Shocks: A Reassessment

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2014

Ramey (2011a) and others argue that increases in government spending associated with wars and military build-ups constitute a good instrument for measuring the macroeconomic effects of fiscal shocks. We argue that this instrument has two important drawbacks: the composition of government...

Persistent link: https://www.econbiz.de/10010752160

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

Fève, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume - Institut d'Économie Industrielle (IDEI), Toulouse … - 2012

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …

Persistent link: https://www.econbiz.de/10010968961

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

Fève, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume - Toulouse School of Economics (TSE) - 2012

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …

Persistent link: https://www.econbiz.de/10011004767

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

Fève, P.; Matheron, J.; Sahuc, J.G. - Banque de France - 2012

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …

Persistent link: https://www.econbiz.de/10010544322

EMPIRICAL ASSESSMENT OF STABILIZATION EFFECTS OF FISCAL POLICY IN CROATIA

GNIP, Ana GRDOVIĆ - In: Journal for Economic Forecasting (2015) 1

output multiplier is above 2 at impact and the effect is significant through the whole time span. The negative effect of the …

Persistent link: https://www.econbiz.de/10011265557

Does Government Expenditure Multiply Output and Employment in Australia?

Carmignani, Fabrizio - Department of Accounting, Finance and Economics, … - 2014

Persistent link: https://www.econbiz.de/10011124286

The power of fiscal multipliers in Croatia

Gnip, Ana Grdovic - In: Financial Theory and Practice 38 (2014) 2, pp. 173-219

This paper investigates fiscal multipliers in Croatia in the period 1996Q1-2011Q4. For this purpose, a Blanchard Perotti three variable baseline SVAR is employed as a no regime-switch model, along with a four variable baseline STVAR as a regime-switch model. Results show that during recessions...

Persistent link: https://www.econbiz.de/10010781852

Empirical assessment of stabilization effects of fiscal policy in Croatia

Gnip, Ana Grdović - Ekonomski Fakultet, Sveučilište u Zagrebu - 2013

government spending shock. The output multiplier is above 2 at impact and the effect is significant throught the whole time span …

Persistent link: https://www.econbiz.de/10011006965