Showing 1 - 10 of 89,491
We analyze whether estimated multiplier effects are systematically higher if the economy suffers a downturn. For that … on multiplier effects and control for regime dependence of the multiplier. We find spending multipliers to significantly …
Persistent link: https://www.econbiz.de/10010424296
We apply meta regression analysis to a unique data set of 104 studies on multiplier effects with 1069 reported … on a certain multiplier study should lay open by how much specification affects the results. Our meta analysis provides … Transfers liegen. Der Multiplikator öffentlicher Investitionen liegt sogar um 0,5 Punkte höher. Der berichtete Multiplikatorwert …
Persistent link: https://www.econbiz.de/10010201655
measures, the analysis of fiscal multiplier effects is back on the scientific agenda. The number of empirical studies is … regression analysis to a set of 89 studies on multiplier effects in order to provide a systematic overview of the different … type of fiscal impulse, model class, multiplier calculation method and further control variables. Moreover, we analyse …
Persistent link: https://www.econbiz.de/10009616504
variance in multiplier estimates can be explained by the national imprint and various author incentives. For this purpose, we … matter for the degree and direction of multiplier estimates. These potential biases largely disappear for teams of …
Persistent link: https://www.econbiz.de/10012029022
Persistent link: https://www.econbiz.de/10012311086
Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...
Persistent link: https://www.econbiz.de/10011992297
restriction reduces the effectiveness of a temporary VAT reduction, we find a short-term multiplier of 1.8. However, the … cumulative multiplier reduces to below 1 over the medium term due to a shift in durable goods consumption toward 2020. Thus, the …
Persistent link: https://www.econbiz.de/10013198950
Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e. the output response following an exogenous shock to fiscal policy) has been heatedly debated at the theoretical and...
Persistent link: https://www.econbiz.de/10012241960
Much of the research on fiscal multipliers has used reduced form modelling approaches. While these models have been extended to include richer controls and identification approaches, it remains unclear whether shocks identified capture the true structural shocks. An alternative way to identify...
Persistent link: https://www.econbiz.de/10012241962
closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …
Persistent link: https://www.econbiz.de/10011778844