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Non-linear effects of fiscal policy in Germany : a Markov-switching approach

Höppner, Florian; Wesche, Katrin - 2000 - This version: July 2000

Keynesian theory suggests that a reduction in government expenditure has a negative effect on private demand and therefore on output. Contrary, neoclassical theory argues that reduced public expenditure makes room for an expansion of the private sector and thus has a stimulating effect on the...

Persistent link: https://www.econbiz.de/10011540071

(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample

Afonso, António; Alves, José; Huart, Florence - 2021

We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...

Persistent link: https://www.econbiz.de/10012504460

Is there asymmetry in the relationship between government consumption dynamics and economic activity? : evidence from G7 economies

Senekovič, Marko - In: Naše gospodarstvo : NG 67 (2021) 4, pp. 1-12

In this paper, based on a quarterly dataset of G7 countries with the application of a nonlinear ARDL model we test for the presence of a short-run and long-term asymmetry in the relationship between government spending and economic activity. The main aim of this study is to analyze the...

Persistent link: https://www.econbiz.de/10012887168

Fiscal austerity regimes as factor of political instability in the European Union

Samsonov, Volodymyr - 2025

This research examines impacts of austerity on the political instability in the European Union, defined as elevated levels of electoral volatility and ideological polarization. By analyzing macroeconomic theories that elucidate the effects of austerity on citizens' wealth and the national...

Persistent link: https://www.econbiz.de/10015425587

Empirical studies on public debt and fiscal transfers

Reischmann, Markus Josef - 2016

the budget balance. The results show that stock-flow adjustments increased before elections. In Germany, stock … outside the core budget. Chapter 6 describes special funds in Germany and elaborates upon the purposes for which special funds …. Die Ergebnisse zeigen, dass die Stock-Flow-Adjustments vor Wahlen angestiegen sind. In Deutschland wurden große Stock …

Persistent link: https://www.econbiz.de/10011742833

Empirical studies on public debt and fiscal transfers

Reischmann, Markus Josef - 2016

This volume was prepared by Markus Reischmann while he was working at the Ifo Institute. It was completed in June 2015 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in November 2015. It includes five self-contained chapters in the fields of public...

Persistent link: https://www.econbiz.de/10013447175

The effect of unconventional fiscal policy on consumption : new evidence based on transactional data

Koeniger, Winfried; Kress, Peter - 2024

in Germany 2020. We find that the annualized growth rate of expenditures for durables increased by 6 percentage points …

Persistent link: https://www.econbiz.de/10015127049

The effect of unconventional fiscal policy on consumption : new evidence based on transactional data

Koeniger, Winfried; Kress, Peter - 2024

in Germany 2020. We find that the annualized growth rate of expenditures for durables increased by 6 percentage points …

Persistent link: https://www.econbiz.de/10015084082

The effect of unconventional fiscal policy on consumption : new evidence based on transactional data

Koeniger, Winfried; Kress, Peter - 2024

in Germany 2020. We find that the annualized growth rate of expenditures for durables increased by 6 percentage points …

Persistent link: https://www.econbiz.de/10015098597

Impact of fiscal policy on consumption and labor supply under a time-varying structural VAR model

Shaheen, Rozina - In: Economies : open access journal 7 (2019) 2/57, pp. 1-15

This paper investigates the impact of fiscal policy on private consumption and labor supply in the UK economy using time-varying parameter vector autoregression (TVP-VAR) with stochastic volatility for the period Q2 1987 to Q2 2017. It considers fiscal variables such as government expenditure...

Persistent link: https://www.econbiz.de/10012021597