Search Results - subject_exact:"Fiskalische Konjunkturpolitik"

Countercyclical fiscal policy in the Philippines : navigating external shocks for sustained macroeconomic growth

Ruiz, Mark Gerald C.; Rivera, John Paolo R. - 2026

The Philippine economy has demonstrated notable resilience in recent decades, supported by strong domestic demand and sustained remittance inflows. However, it remains vulnerable to external shocks, particularly those transmitted through capital flow volatility and trade disturbances. This study...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643958

Natural disasters and fiscal procyclicality

Andrián, Leandro; Galindo Andrade, Arturo José; … - 2026

This paper examines how climate-related natural disasters influence the cyclical stance of fiscal policy across 148 countries between 1980 and 2023. Using a dynamic panel System-GMM framework, we document that while fiscal policy has become increasingly countercyclical in many economies, extreme...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656696

Expansionary fiscal rules under sovereign risk

Esquivel, Carlos; Samano, Agustin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574597

Fiscal stimulus with supply constraints

Fornaro, Luca - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548922

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Fiscal stimulus with supply constraints

Fornaro, Luca - 2024

Book / Working Paper

Fiscal stimulus with supply constraints

Fornaro, Luca - 2024

Book / Working Paper

Did the American rescue plan cause inflation? : a synthetic control approach

Ko, Dong Gyun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015192600

The COVID-19 pandemic, fiscal policies, and the Korean economy : a CGE model analysis

Kitetu, Geoffrey Musyoki; Ko, Jong-Hwan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359775

From official guidelines to practice: decoding Europe's countercyclical capital buffer decisions

Döme, Zsofia; Sigmund, Michael - 2025

Since 2014, several countries have implemented the Basel III countercyclical capital buffer (CCyB) to enhance the banking sector's resilience against risks arising from excessive credit growth. We analyze the CCyB decision-making process of macroprudential authorities across Europe. Our findings...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474015

Effect of the countercyclical capital buffer on firm loans : evidence from Germany

Kerola, Eeva; Norring, Anni - 2025

We use confidential loan-level data from the European Central Bank to investigate how changes in the countercyclical capital buffer requirement in Germany affect lending to firms. We find evidence showing that tightening the countercyclical capital buffer leads German banks to reduce the volume...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448564

Cyclical Fiscal Multipliers : Policy Mix and Financial Friction Puzzle

Aligishiev, Zamid - 2025

This paper investigates dynamic relationships between U.S. government expenditure multipliers and the economy's cyclical position from 1949 to 2018 using a Time-Varying Parameter Vector Autoregression (TVP-VAR) model. We challenge the existing literature, which predominantly relies on predefined...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015452218

A fiscal impact measure for Austria

Moser, Mathias; Reiss, Lukas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015413944

A temporary VAT cut as unconventional fiscal policy

Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2025

We exploit Germany's temporary three-percentage-point VAT cut in the second half of 2020 to study the spending response to unconventional fiscal policy. We use survey and scanner data on household consumption expenditures and their perceived pass-through of the tax change into prices, and a RANK...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462651

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A temporary VAT cut as unconventional fiscal policy

Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021

Book / Working Paper

A temporary vat cut as unconventional fiscal policy

Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021

Book / Working Paper

A Temporary VAT Cut as Unconventional Fiscal Policy

Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021

Book / Working Paper

A Temporary VAT Cut as Unconventional Fiscal Policy

Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021

Book / Working Paper

Hands tied : are some institutional arrangements more counter-cyclical?

Nollenberger, Jeremiah - 2025

Pro-cyclical fiscal policy is considered harmful. Nonetheless, pro-cyclicality is widespread and the cyclicality of fiscal policy isstrongly heterogenous in advanced economies. This paper investigates how differences in the cyclicality of fiscal policy can be understood through the lens of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492245

Can deficit spending serve as a driving force for inclusive growth in the Philippines

Lomagdong, Pia Aaliyah T. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553010

The effect of government spending on the debt-to-GDP ratio in the medium term

Leão, Emanuel R.; Leão, Pedro Reis - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653430

The Political Economy of Stimulus Transfers

Vannutelli, Silvia - 2025

Stimulus transfers are widely used during economic downturns, yet they are often poorly targeted from an economic perspective. I show that political incentives might help explain this discrepancy. I study one of the largest stimulus tax credits in Italy which excluded the poorest individuals and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015421924

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The political economy of stimulus transfers

Vannutelli, Silvia - 2025 - This version: June 2025

Edition: This version: June 2025

Book / Working Paper

Commodity prices and fiscal (pro)cyclicality

Petrella, Ivan; Juvenal, Luciana; Di Pace, Federico - 2025

Consensus holds that Emerging Markets and Developing Economies (EMDEs) engage in procyclical fiscal behavior. We emphasize that considering conditional responses to macroeconomic shocks is crucial when evaluating fiscal cyclicality, as neglecting this can result in significant biases. This study...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533369

Effects of fiscal policy on employment under the zero lower bound in Japan : an empirical investigation with gender and regional heterogeneity

Miyazaki, Tomomi; Kondoh, Haruo; Guo, Huanhuan; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558916

Fiscal multiplier in Brazil: the role played by controls

Ferreira, Mauro Sayar; Silva Jr, Berto Carvalho da - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560970

Does politics matter? : a comparative assessment of discretionary fiscal policies in the Euro area

Carnazza, Giovanni; Liberati, Paolo; Sacchi, Agnese - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669173

In the driver's seat : pandemic fiscal stimulus and light vehicles

Dunbar, Jack; Kurz, Christopher J.; Li, Geng; Tito, Maria D. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015053939

Italy's Superbonus 110% : messing up with demand stimulus and the need to reinvent fiscal policy

Codogno, Lorenzo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014583505

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Italy's Superbonus 110% : messing up with demand stimulus and the need to reinvent fiscal policy

Codogno, Lorenzo - 2024

Book / Working Paper

Aid for incumbents : the electoral consequences of COVID-19 relief

Clemens, Jeffrey; Payson, Julia; Veuger, Stan - 2024

The COVID-19 pandemic led to unprecedented levels of federal aid transfers to state governments. Did this funding increase benefit state incumbents electorally? Identifying the effect of revenue windfalls on economic voting is challenging because whatever conditions led to the influx of cash...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014584043

The impact of the stimulus packages on the economy during COVID-19 in Bangladesh : a mixed-method approach

Amin, Ruhul; Rahman, Nahian; Tasnim, Samira; Dey, Sima Rani - 2024

With the unexpected onset of COVID-19, governments across the world responded with a range of preventive measures, including the imposition of lockdowns. To mitigate the adverse effects of lockdowns arising from supply chain shocks and employment loss, governments worldwide chose to implement...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014635993

National fiscal stimulus packages from a gender equality perspective : consolidated report

2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080870

Prudential fiscal stimulus

Duncan, Alfred; Nolan, Charles - 2024 - This version: February 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014483235

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Prudential Fiscal Stimulus

Duncan, Alfred; Nolan, Charles - 2023

Book / Working Paper

The economic impacts of COVID-19 : evidence from a new public database built using private sector data*

Chetty, Raj; Friedman, John N; Stepner, Michael - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014528133

Global shocks and fiscal stimulus : a tale of an oil-dependent-exporting country

Okorie, David Iheke; Lin, Boqiang - 2024

Global shocks potentially distort economy's achieved equilibria. Considering the 2020 global crude oil price shock and the 2019 coronavirus disease pandemic, this study proposes an energy and environment integrated general equilibrium model to analyze the economic, energy, and environmental...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014532083

Quantifying the role of automatic stabilisers in New Zealand using a macro-simulation approach

Binning, Andrew - 2024

Automatic stabilisers are fiscal policy's first line of defence in the face of adverse economic shocks. Automatic stabilisers capture fiscal policy's automatic countercyclical response to the state of the business cycle, and are determined by factors like the progressivity of the tax system, the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014533166

Unconventional fiscal policy in times of high inflation

Dao, Mai; Dizioli, Allan; Jackson, Chris; Gourinchas, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014492396

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Unconventional fiscal policy in times of high inflation

Dao, Mai; Dizioli, Allan Gloe; Jackson, Chris; … - 2023

Book / Working Paper

Unconventional Fiscal Policy in Times of High Inflation

Dao, Mai - 2023

Book / Working Paper

For whom the bill tolls : redistributive consequences of a monetary-fiscal stimulus

Brzoza-Brzezina, Michał; Jabłońska, Julia; Kolasa, Marcin - 2024

During the COVID-19 pandemic, governments in the euro area sharply increased spending while the European Central Bank eased financing conditions. We use this episode to assess how such a concerted monetary-fiscal stimulus redistributes welfare between various age cohorts. Our assessment involves...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015178624

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For whom the bill tolls : redistributive consequences of a monetary-fiscal stimulus

Brzoza-Brzezina, Michał; Jabłońska, Julia; Kolasa, Marcin - 2024

Book / Working Paper

Revisiting the countercyclicality of fiscal policy

Jalles, João Tovar; Kiendrebeogo, Youssouf; Lam, Raphael; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015141897

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Revisiting the Countercyclicality of Fiscal Policy

Jalles, João Tovar; Kiendrebeogo, Youssouf; Lam, Raphael; … - 2023

Book / Working Paper

Revisiting the Countercyclicality of Fiscal Policy

Jalles, João Tovar - 2023

Book / Working Paper

Can deficits finance themselves?

Angeletos, Marios; Lian, Chen; Wolf, Christian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015117827

Fiscal cyclicality, war and bankruptcies in Greece, 1833-1939

Chrysanthakopoulos, Christos; Koutentakis, Franciscos; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015123471

Enhancing the role of fiscal policy in New Zealand's macroeconomic stabilisation

Bernstein, Jenna; Gaukrodger, Ben; Parkyn, Oscar - 2024

This paper considers the role of fiscal policy in New Zealand's macroeconomic stabilisation. New Zealand's macroeconomic framework is characterised by an institutional arrangement whereby monetary policy has the primary responsibility for macroeconomic stabilisation. In contrast, fiscal policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015052086

Should the fiscal authority avoid implementation lag?

Eguchi, Masataka; Niwa, Hidekazu; Tsuruga, Takayuki - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130497

Fiscal stimulus plans and households' expectations

De Fiore, Fiorella; Lombardi, Marco; PierresTejada, Albert - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553415

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Fiscal stimulus plans and households' expectations

De Fiore, Fiorella; Lombardi, Marco; Tejada, Albert Pierres - 2024

Book / Working Paper

For whom the bill tolls : redistributive consequences of a monetary-fiscal stimulus

2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015321746

Fiscal policy and the pandemic-era surge in US inflation : lessons for the future

Dynan, Karen E.; Elmendorf, Douglas W. - 2024

In the United States, massive fiscal expansion during the pandemic protected households and helped to return output and unemployment nearly to pre-pandemic expectations by the end of 2021—a sharp contrast with the slow recovery from the previous US recession. The authors document that many...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015209692

The effectiveness of macroprudential policies during the Covid-19 pandemic in sub-Saharan Africa

Baudino, Patrizia; Guerra, Rebecca; Djigbenou, Marie Louise - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211034

Optimal fiscal policy under finite planning horizons

Jung, Euiyoung; Lee, Chul-in - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015187375

Investment incentives attract foreign direct investment : evidence from the Great Recession

Katitas, Aycan; Pandya, Sonal S. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015177318

La política fiscal contracíclica durante la pandemia de COVID-19 y su impacto económico en Centroamérica y la República Dominicana

Rivas Valdivia, Juan Carlos; Santamaría González, Jesús - 2024

En esta investigación, se lleva a cabo un análisis estadístico y econométrico para evaluar los efectos del aumento del gasto público sobre la actividad económica durante la pandemia de enfermedad por coronavirus (COVID-19) en los países de Centroamérica y la República Dominicana, en el...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426632

Effectiveness and counter-cyclicality of fiscal consolidation under compliance regulation : the case of the Stability and Growth Pact

Herwartz, Helmut; Theilen, Bernd - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014472977

A comparative evaluation of fiscal stabilization strategies during the Covid-19 pandemic with Germany as a reference point

Baudisch, Victoria; Neuenkirch, Matthias - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014580713

The economy is at capacity : we need a countercyclical budget

McDonnell, Tom - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014581380

Russian economic development under forceful defense spending growth

Buklemishev, Oleg V. - 2024

The article examines historical aspects, general economic logic, and theoretical discussions on the policy of stimulating the economy through increased government appropriations for defense items. It provides a brief overview of empirical studies on economic effects of defense spending in Russia...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396283

Stimulating Auto Markets

Berger, David; Gee, Geoffrey; Turner, Nicholas; Zwick, Eric - 2026

How does fiscal stimulus affect durable goods sales and to what extent does stimulus drive inflation? We study this question in the context of how the unprecedented pandemic fiscal stimulus affected household car purchases and auto prices. Using administrative data on vehicle registrations, we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626283

Die Konjunkturkomponente des Grundgesetzes : die konjunkturbedingte Kreditaufnahme im System der Kreditermächtigungen, europarechtlichen und gesamtwirtschaftlichen Verpflichtungen der Finanzverfassung

Ackermann, Manuel - 2026

Die Konjunkturkomponente des Grundgesetzes bildet neben der Strukturkomponente und der Notlagenverschuldung eine von drei Kreditermächtigungen der Schuldenbremse. Sie befähigt die Haushaltsgesetzgeber von Bund und Ländern zur Verschuldung in Abhängigkeit von der gesamtwirtschaftlichen...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573561

Fiscal stimulus and skill accumulation over the life cycle

Simon, Laure - 2023 - Last updated: January 30, 2023

Using micro data from the U.S. Consumer Expenditure Survey and Current Population Survey, I document that government spending shocks affect individuals differently over the life cycle. Young households increase their consumption after an expansionary shock while prime-age households reduce it,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013503858

Achieving two policy targets with one policy instrument: heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound

Lima, Gilberto Tadeu; Setterfield, Mark; Silveira, … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013548002

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Achieving Two Policy Targets With One Policy Instrument : Heterogeneous Expectations, Countercyclical Fiscal Policy, and Macroeconomic Stabilization at the Effective Lower Bound

Lima, Gilberto Tadeu; Setterfield, Mark; Silveira, … - 2023

Book / Working Paper

Achieving two policy targets with one policy instrument : heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound

Lima, Gilberto Tadeu; Setterfield, Mark; Silveira, … - 2023

Book / Working Paper