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Dynamic effects of persistent shocks

Alloza, Mario; Gonzalo Muñoz, Jesus; Sanz, Carlos - 2019

Persistent link: https://www.econbiz.de/10012158755

The Covid-19 crisis and consumption : survey evidence from six EU countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020

Persistent link: https://www.econbiz.de/10012502781

Managing an energy shock: fiscal and monetary policy

Auclert, Adrien; Monnery, Hugo; Rognlie, Matthew; … - 2023

Persistent link: https://www.econbiz.de/10014343226

The cyclical behaviour of fiscal policy during the Covid-19 crisis

Heimberger, Philipp - 2022

This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...

Persistent link: https://www.econbiz.de/10013373264

Fiscal policy shocks and stock prices in the United States

Mumtaz, Haroon; Theodoridis, Konstantinos - 2017

1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices …. After 1980, along with a decline in the fiscal multiplier, the response of stock prices to the same shock became negative …

Persistent link: https://www.econbiz.de/10011627039

Non-linear e¤ects of government spending shocks in the US : evidence from state-level data

Mumtaz, Haroon; Sunder-Plassmann, Laura - 2017

This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...

Persistent link: https://www.econbiz.de/10011773635