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How big are fiscal multipliers in Latin America?

Restrepo L., Jorge Enrique - 2020

This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the...

Persistent link: https://www.econbiz.de/10012170143

Konjunktur für den Klimaschutz? Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...

Persistent link: https://www.econbiz.de/10010300031

Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

: Aufteilung der weltweiten Konjunkturprogramme (Prozent) USA; 35 China; 20 Japan; 15 Rest; 15 Europa; 15 Quelle: Scheuerle … (2009). Europa und Japan haben immerhin noch einen Anteil von 15 Prozent an den weltweiten Kon- junkturprogrammen. Es ist … einzuschlagen. Inspiriert durch den von US-Präsident Frank China: 20 Vereinigte Staaten: 35 Japan: 15 Europa: 15 Rest: 15 4 …

Persistent link: https://www.econbiz.de/10003839016

Expenditure rules : effective tools for sound fiscal policy?

Cordes, Till; Kinda, Tidiane; Muthoora, Priscilla; … - 2015

Persistent link: https://www.econbiz.de/10011282787

Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

Persistent link: https://www.econbiz.de/10003828844

Disequilibrium and the welfare-maximising levels of government spending, taxation and debt

Rankin, Neil - In: The economic journal : the journal of the Royal … 97 (1987), pp. 65-85

Persistent link: https://www.econbiz.de/10001038798

Can a fiscal stimulus boost economic growth rates? : introduction

Gemmell, Norman - In: The economic journal : the journal of the Royal … 121 (2011) 550, pp. 1-3

Persistent link: https://www.econbiz.de/10009129888

Liability-Creating Versus Non-Liability-Creating Fiscal Stabilization Policies : Ricardian Equivalence, Fiscal Stabilization, and Emu

Masson, Paul R. - 1998

This paper looks at theoretical and empirical issues associated with the operation of fiscal stabilizers within an economy. It argues that such stabilizers operate most effectively at a national, rather than local, level. As differing cycles across regions tend to offset each other for the...

Persistent link: https://www.econbiz.de/10014400666

Fiscal Policy and Growth in the Context of European Integration

Masson, Paul R. - 2000

The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of...

Persistent link: https://www.econbiz.de/10014400046

Optimal Monetary and Fiscal Policy with Limited Asset Market Participation

Stehn, Sven Jari - 2009

This paper characterises the jointly optimal monetary and fiscal stabilisation policy in a new Keynesian model that allows for consumers who lacking access to asset markets consume their disposable income each period. With full asset market participation, the optimal policy relies entirely on...

Persistent link: https://www.econbiz.de/10014402237