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Regional consumption responses and the aggregate fiscal multiplier
Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2018
spending by $0.29. We translate the regional consumption responses to an aggregate fiscal multiplier using a multi-region, New … multiplier, a result that distinguishes our incomplete markets model from models with complete markets. The aggregate consumption … multiplier is 0.64, which implies an output multiplier higher than one. The aggregate consumption multiplier is larger than the …
Persistent link: https://www.econbiz.de/10011911427
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The output effects of fiscal consolidations : does spending composition matter?
Ardanaz, Martin; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2021
This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average,...
Persistent link: https://www.econbiz.de/10014516596
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Impact of tourism consumption on GDP : the role of imports
Hernández Martín, Raúl - 2004
The aim of this paper is to analyse the effects of tourism consumption on imports. The basic idea is that conversion of tourism expenditure into value added and GP depends on the effect of the former on imports. Imports are leakages that reduce the economic impact of tourism in a destination and...
Persistent link: https://www.econbiz.de/10011599900
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A new test for speculative bubbles based on return variance decompositions
Engsted, Tom; Tanggaard, Carsten - 2001
Persistent link: https://www.econbiz.de/10001613889
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Qualitative employment multipliers for Belgium, results for 2000 and 2002
Van den Cruyce, Bart (contributor); Wera, Johan (contributor) - 2007
Persistent link: https://www.econbiz.de/10003645440
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Understanding the large negative impact of oil shocks
Aguiar-Conraria, Luís (contributor); Wen, Yi (contributor) - 2005
Persistent link: https://www.econbiz.de/10003342498
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The multiplier : a general equilibrium analysis of multi-stage-fabrication economy with inventories
Wen, Yi (contributor) - 2005
Persistent link: https://www.econbiz.de/10003344532
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On the dynamics of profit- and wage-led growth
Bhaduri, Amit (contributor) - 2007
Persistent link: https://www.econbiz.de/10003453868
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The economic impact of the green certificate market through the macro multiplier approach
Ciaschini, Maurizio; Severini, Francesca; Socci, Claudio; … - 2010
Multiplier (MM) approach. The analysis is performed through the Hybrid Input-Output (I-O) model that allows expressing the energy … of electricity production from RES. -- Environmental Policy ; Hybrid I-O model ; Macro Multiplier …
Persistent link: https://www.econbiz.de/10008735712
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Real-time data and fiscal policy analysis : a survey of the literature
Cimadomo, Jacopo - 2011
Persistent link: https://www.econbiz.de/10009378647