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Fiscal consolidation and its growth effects in euro area countries : past, present and future outlook

Heimberger, Philipp - 2024

This paper is about fiscal consolidation measures (i.e. tax hikes and government spending cuts motivated by a desire to reduce the fiscal deficit and public debt) in euro area (EA) countries. The focus is on analysing the growth effects of fiscal adjustments as well as their implications for...

Persistent link: https://www.econbiz.de/10015076372

Fiscal stimulus in a monetary union : evidence from Eurozone regions

Coelho, Maria - 2016

Persistent link: https://www.econbiz.de/10011602827

Are government spending multipliers greater during periods of slack? : evidence from 20th century historical data

Owyang, Michael T.; Ramey, Valerie A.; Zubairy, Sarah - 2013

Persistent link: https://www.econbiz.de/10009687815

Expansionary and contractionary fiscal multipliers in the U.S.

Kapetanios, George; Koutroumpis, Panagiotis; Tsoukis, … - 2022

We estimate the fiscal (spending) multiplier using quarterly U.S. data, 1986-2017. We define government spending shocks …

Persistent link: https://www.econbiz.de/10013191269

Sticky wages, monetary policy and fiscal policy multipliers

Dupor, Bill; Li, Rong; Li, Jingchao - 2017

This paper demonstrates how adding nominal wage rigidity to a standard sticky price model can create a mechanism by which increases in government spending cause increases in consumption. The increase in output arising from government purchases puts upward pressure on the price level. At a fixed...

Persistent link: https://www.econbiz.de/10011691001

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

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