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The Fiscal Stance in Japan: A Model-based Analysis
Fournier, Jean-Marc - 2022
This paper assesses Japan's fiscal stance in the past and the future with a stochastic structural model called the …
Persistent link: https://www.econbiz.de/10015060166
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What determines government spending multipliers?
Corsetti, Giancarlo; Meier, André; Müller, Gernot J. - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10009618568
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Fiscal Multipliers and the State of the Economy.
Baum, Anja - 2012
-- C. Using Output Growth as the Threshold Variable -- Tables -- 1. Cumulative Fiscal Multiplier Estimates from Selected …
Persistent link: https://www.econbiz.de/10012690156
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Mr. Ricardo's Great Adventure : Estimating Fiscal Multipliers in a Truly Intertemporal Model
Sgherri, Silvia - 2006
Persistent link: https://www.econbiz.de/10012691137
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Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes: The Case of Bolivia
Kass-Hanna, Tannous - 2023
Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal consolidation strategy. Multipliers are also estimated using...
Persistent link: https://www.econbiz.de/10015058920
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Fiscal Multipliers During Pandemics
Kinda, Tidiane - 2022
Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...
Persistent link: https://www.econbiz.de/10015060236
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Fiscal Multipliers and Informality
Colombo, Emilio - 2022
This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 … size of the fiscal multiplier. This result holds irrespective of the levels of economic development and institutional …. Thus, informality raises the size of the unofficial multiplier. A higher degree of non-separability between public and …
Persistent link: https://www.econbiz.de/10015060449
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The Growth and Stabilization Properties of Fiscal Policy in Malaysia
Rafiq, Sohrab - 2013
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government …
Persistent link: https://www.econbiz.de/10014409432
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Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints
Kumhof, Michael - 2009
We study the welfare properties of an economy where both monetary and fiscal policy follow simple rules, and where a subset of agents is borrowing constrained. The optimized fiscal rule is far more aggressive than automatic stabilizers, and stabilizes the income of borrowingconstrained agents,...
Persistent link: https://www.econbiz.de/10012677523
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Walking hand in hand : fiscal policy and growth in advanced economies
Cottarelli, Carlo; Jaramillo, Laura - 2012
Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal...
Persistent link: https://www.econbiz.de/10009615787