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Getting into GEAR : German and the rest of Euro area fiscal policy during the crisis ; conference paper
Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … Germany and the rest of EMU affected GDP growth and unemployment during the crisis. Not surprisingly, stimulus programmes … policy on domestic GDP growth was only small, however, amounting to a maximum of 1.6% for Germany and 0.8% for the rest of …
Persistent link: https://www.econbiz.de/10010486694
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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 … present-value multipliers for distinct fiscal instruments, and to assess how discretionary fiscal policy in Germany and the …-on-quarter GDP growth substantially, both in Germany and in the rest of the Euro Area. The main drivers of GDP growth in Europe …
Persistent link: https://www.econbiz.de/10010516561
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Identifying effective combinations of economic policy measures for the coronavirus recession in Europe
Bernoth, Kerstin; Clemens, Marius; Dany-Knedlik, Geraldine - In: DIW weekly report : economy, politics, science : a … 10 (2020) 23, pp. 263-273
on the financial markets in the short term. With the exception of the announcement of Germany’s Economic Stabilization …
Persistent link: https://www.econbiz.de/10012231998
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The euro area government spending multiplier in demand- and supply-driven recessions?
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2023
We estimate government spending multipliers in demand- and supply-driven recessions for the Euro Area. Multipliers in a moderately demand-driven recession are 2-3 times larger than in a moderately supply-driven recession, with the difference between multipliers being non-zero with very high...
Persistent link: https://www.econbiz.de/10014364021
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The euro area government spending multiplier in demand- and supply-driven recessions
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2022
We estimate government spending multipliers in demand- and supply-driven recessions for the Euro Area. Multipliers in a moderately demand-driven recession are 2-3 times larger than in a moderately supply-driven recession, with the difference between multipliers being non-zero with very high...
Persistent link: https://www.econbiz.de/10013174156
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Gauging the Effects of Fiscal Stimulus Packages in the Euro Area
Coenen, Günter - 2012
specified fiscal sector. The estimation results point to the existence of important complementarities between private and …
Persistent link: https://www.econbiz.de/10013100017
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Gauging the Effects of Fiscal Stimulus Packages in the Euro Area
Coenen, Günter - 2012
specified fiscal sector. The estimation results point to the existence of important complementarities between private and …
Persistent link: https://www.econbiz.de/10013097458
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The cyclical behaviour of fiscal policy during the Covid-19 crisis
Heimberger, Philipp - 2022
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10013373264
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On the Size of the Government Spending Multiplier in the Euro Area
Fève, Patrick - 2015
stochastic general equilibrium model of the euro area. Our estimation results and counterfactual exercises provide evidence that … omitting the interactions of key ingredients at the estimation stage (such as Edgeworth complementarity …
Persistent link: https://www.econbiz.de/10013028305
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Transmission of government spending shocks in the Euro area : time variation and driving forces
Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10011380027