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Economic inequality and the size of government expenditure shocks : an empirical exercise

Senekovič, Marko - In: Naše gospodarstvo : NG 70 (2024) 4, pp. 1-11

Empirical literature explains the heterogeneity of fiscal multiplier estimates through the analysis of various cyclical …

Persistent link: https://www.econbiz.de/10015182958

The Age for Austerity? Population Age Structure and Fiscal Multipliers

Kopecky, Joseph - 2021

Advanced economies face two important trends: population aging and rising debt. In the coming years it will be critical to understand how policies undertaken by governments interact with their changing age structures. In a panel of advanced economies, I show that fiscal deficit consolidation...

Persistent link: https://www.econbiz.de/10013311084

Fiscal Multipliers in the 21st Century

Brinca, Pedro - 2015

security, taxes, and government debt and study how a fiscal multiplier depends on various country characteristics. We find that … the fiscal multiplier is highly sensitive to the fraction of the population who face binding credit constraints and also …

Persistent link: https://www.econbiz.de/10013031564

Fiscal Multipliers in a Panel of Countries

Contreras, Juan - 2014

. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …

Persistent link: https://www.econbiz.de/10013050083

Fiscal multipliers in a panel of countries

Contreras, Juan; Battelle, Holly - 2014

. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …

Persistent link: https://www.econbiz.de/10010402581

Output response to government spending : evidence from new international military spending data

Sheremirov, Viacheslav; Spirovska, Sandra - 2015 - This version: July 2015

in the previous literature based on U.S. data - we find that the pooled government spending multiplier is small: below 0 ….2. This estimate, however, masks substantial heterogeneity: the debtfinanced spending multiplier is larger and can be well … above 1 if monetary policy is accommodative. The multiplier is especially large in recessions and when the government …

Persistent link: https://www.econbiz.de/10011305775

Consumption and Keynesian Fiscal Policy

Schclarek, Alfredo - 2021

This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the level of government bond yield and the unemployment rate affect that relationship. We use yearly data between 1970 and 2000 for thirty-eight countries, of which half...

Persistent link: https://www.econbiz.de/10013318911

German and the rest of euro area fiscal policy during the crisis

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model...

Persistent link: https://www.econbiz.de/10010516561

The time for austerity : estimating the average treatment effect of fiscal policy

Jordà, Òscar; Taylor, Alan M. - 2014

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

Persistent link: https://www.econbiz.de/10010463587

Economic openness and fiscal multipliers

Riguzzi, Marco; Wegmüller, Philipp - 2015

fiscal multiplier. However, traditional macroeconomic models have difficulties in accounting for this evidence. It is the … monetary policy. The presence of counter-cyclical firm markups is a crucial ingredient to generating a fiscal multiplier of … fiscal multiplier. …

Persistent link: https://www.econbiz.de/10010486909