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Does interbank market matter for business cycle fluctuation? : an estimated DSGE model with financial frictions for the Euro area
Giri, Federico - In: Economic modelling 75 (2018), pp. 10-22
Persistent link: https://www.econbiz.de/10012101363
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Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility
Darracq Pariès, Matthieu; Müller, Georg; … - In: Economic modelling 126 (2023), pp. 1-25
Persistent link: https://www.econbiz.de/10014462211
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Fiscal policy during the crisis : a look on Germany and the Euro area with GEAR
Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - In: Economic modelling 52 (2016), pp. 997-1016
Persistent link: https://www.econbiz.de/10011643119
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Fiscal Spillovers in the Euro Area : Letting the Data Speak
Dabla-Norris, Era - 2018
We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers are significant and tend to be larger for countries with close trade and financial links as...
Persistent link: https://www.econbiz.de/10012928609
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A Fiscal Stimulus and Jobless Recovery
Cantore, Cristiano - 2013
We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment...
Persistent link: https://www.econbiz.de/10013086329
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When does it pay to tax? : evidence from state-dependent fiscal multipliers in the euro area
Hondroyiannis, George B.; Papaoikonomou, Dimitrios - In: Economic modelling 48 (2015), pp. 116-128
Persistent link: https://www.econbiz.de/10011452501
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The Euro-Area Government Spending Multiplier at the Effective Lower Bound
Amendola, Adalgiso - 2019
economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier … average multiplier is about 1 in normal times and between 1.6 and 2.8 at the ELB, depending on the specification. The … difference between the two multipliers is distributed largely away from zero. More generally, the multiplier is inversely …
Persistent link: https://www.econbiz.de/10012866218
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The Impact of r-g on the Euro-Area Government Spending Multiplier
di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021
-called r-g. Whether the fiscal shock occurs when r-g is positive or negativematters for the size of the multiplier. Median … multiplier is inversely correlated with r-g. The calculationsare based on the estimates of a factor-augmented interacted panel …
Persistent link: https://www.econbiz.de/10013243042
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So alike, yet so different : comparing fiscal multipliers across EU members and candidates
Ianc, Nicolae-Bogdan; Turcu, Camelia - In: Economic modelling 93 (2020), pp. 278-298
Persistent link: https://www.econbiz.de/10012430156
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Medium-Term Fiscal Multipliers During Protracted Recessions
Dell'Erba, Salvatore - 2015
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries. Based on Jorda's (2005) local projection methodology, we find...
Persistent link: https://www.econbiz.de/10013031164