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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

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

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

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 negative matters for the size of the multiplier. Median … multiplier is inversely correlated with r-g. The calculations are based on the estimates of a factor-augmented interacted panel …

Persistent link: https://www.econbiz.de/10012518304

The euro-area government spending multiplier at the effective lower bound

Amendola, Adalgiso; Di Serio, Mario; Fragetta, Matteo; … - 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/10012102056

Fiscal Stimulus to the Rescue? : Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Laxton, Douglas - 2009

This paper uses the IMF''s Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two-year stimulus range from 0.2 to 2.2 depending on the fiscal instrument, the extent of monetary...