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robustly find strong and persistent long-run multiplier effects for most European Countries in the early years after the …
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This paper investigates how expectations about future government spending affect the transmission of fiscal policy shocks. We study the effects of two different types of government spending shocks in the United States: (i) spending shocks that are accompanied by an expected reversal of public...
Persistent link: https://www.econbiz.de/10009238019
This paper investigates how expectations about future government spending affect the transmission of fiscal policy shocks. We study the effects of two different types of government spending shocks in the United States: (i) spending shocks that are accompanied by an expected reversal of public...
Persistent link: https://www.econbiz.de/10009238567
sollte allerdings vorsichtig betrachtet werden, da ein falscher fiskalischer Multiplikator nicht impliziert, dass Austerität …
Persistent link: https://www.econbiz.de/10011336937
This paper analyzes the effect of planned fiscal consolidation on GDP growth forecast errors from the years 2010-2013 using cross section analyses and fixed effects estimations. Our main findings are that fiscal multipliers have been underestimated in most instances for the year 2011 while we...
Persistent link: https://www.econbiz.de/10011444033
the European Commission's Spring Forecasts, we show that multiplier estimates in the EU have been overestimated in the …
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