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Governments’ payment discipline : the macroeconomic impact of public payment delays and arrears

Checherita-Westphal, Cristina; Klemm, Alexander; … - 2015

Persistent link: https://www.econbiz.de/10011282728

Too small to fail? : subnational spending pressures in Europe

Eyraud, Luc; Moreno Badía, Marialuz - 2013

Persistent link: https://www.econbiz.de/10009726551

The impact of r-g on the Euro-Area government spending multiplier

Di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median estimates vary conditional on the specification, but...

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

We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are contingent on the overall monetary policy stance, captured by a shadow monetary policy rate. In the...

Persistent link: https://www.econbiz.de/10012102056

Does Government Spending Crowd in Private Consumption? : Theory and Empirical Evidence for the Euro Area

Coenen, Günter - 2005

In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general...

Persistent link: https://www.econbiz.de/10014401503

Budgetary Transparency for Public Expenditure Control

Reviglio, Franco - 2001

This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of public expenditure. One of the reasons is political. What public expenditure reforms might be pursued without changing the political system? Without political reforms, technical improvements made to...

Persistent link: https://www.econbiz.de/10014403530

Governments' Payment Discipline: The Macroeconomic Impact of Public Payment Delays and Arrears

2015 - Checherita-Westphal, Cristina ; Klemm, Alexander ; Viefers, Paul ed

This paper considers the impact of changes in the payment discipline of governments on the private sector. We argue that increased delays in public payments can affect private sector liquidity and profits and hence ultimately economic growth. We test this prediction empirically for European...

Persistent link: https://www.econbiz.de/10014411924

Too Small to Fail? : Subnational Spending Pressures in Europe

Eyraud, Luc - 2013

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three econometric models and ask the following questions: (1) does the form of spending...

Persistent link: https://www.econbiz.de/10014395376

Modeling inflation in Chad

Kinda, Tidiane - 2011

Persistent link: https://www.econbiz.de/10009486198

Modeling Inflation in Chad

Kinda, Tidiane - 2011

This paper examines the determinants of inflation in Chad using quarterly data from 1983:Q1 to 2009:Q3. The analysis is … based on a single-equation model, completed by a structural vector auto regression model to capture inflation persistence …. The results show that the main determinants of inflation in Chad are rainfall, foreign prices, exchange rate movements …

Persistent link: https://www.econbiz.de/10014402555

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