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Are Fiscal Multipliers Regime-Dependent? A Meta Regression Analysis
Gechert, Sebastian; Rannenberg, Ansgar - Institut für Makroökonomie und Konjunkturforschung … - 2014
Die Studie untersucht, ob fiskalische Multiplikatoreffekte im Abschwung systematisch größer sind als im Aufschwung. Dazu wird eine Meta-Regressions-Analyse durchgeführt, die einen neuartigen Datensatz von 98 empirischen Studien mit über 1800 Beobachtungen von Multiplikatoreffekten auswertet...
Persistent link: https://www.econbiz.de/10010944675
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Non-Keynesian Effects of Fiscal Consolidation: An Analysis with an Estimated DSGE Model for the Hungarian Economy
Benk, Szilárd; Jakab, Zoltán M. - Economics Department, Organisation de Coopération et … - 2012
Using an estimated DSGE model for Hungary, the paper identifies the possible non-Keynesian channels through which a fiscal consolidation may manifest as expansionary. Simulations show that fiscal consolidation policies are typically contractionary. Nevertheless, taking into account some specific...
Persistent link: https://www.econbiz.de/10011276878
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Fiscal Multipliers: A Meta Regression Analysis
Gechert, Sebastian; Will, Henner - Institut für Makroökonomie und Konjunkturforschung … - 2012
Since the fiscal expansion during the Great Recession 2008-2009 and the current European consolidation and austerity … measures, the analysis of fiscal multiplier effects is back on the scientific agenda. The number of empirical studies is … regression analysis to a set of 89 studies on multiplier effects in order to provide a systematic overview of the different …
Persistent link: https://www.econbiz.de/10010625641
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Fiscal Consolidation Strategy
Cogan, John F.; Taylor, John B.; Wieland, Volker; … - C.E.P.R. Discussion Papers - 2012
In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal government outlays as a ratio to GDP rose substantially from about 19.5 percent before the crisis to over 24 percent after the crisis. In...
Persistent link: https://www.econbiz.de/10011083793
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What fiscal policy is most effective? A Meta Regression Analysis
Gechert, Sebastian - Institut für Makroökonomie und Konjunkturforschung … - 2013
We apply meta regression analysis to a unique data set of 104 studies on multiplier effects with 1069 reported … on a certain multiplier study should lay open by how much specification affects the results. Our meta analysis provides …
Persistent link: https://www.econbiz.de/10010698650
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Wachstum und Konsolidierung: ein Gegensatz?: zur Diskussion um "Austeritätspolitik" und "Wachstumsfalle"
Neheider, Susanne; Schuknecht, Ludger - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 82 (2013) 2, pp. 25-37
The debate on fiscal consolidation is dominated by controversies about the negative impact of consolidation on growth. This contribution shortly summarizes the discussion about links between fiscal consolidation and growth. In addition, common advice that is derived from arguments about the...
Persistent link: https://www.econbiz.de/10011128168
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The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
This paper explores the political economy of fiscal adjustment. It begins with an examination of the evidence for, and sources of, ‘deficit bias’, including political and governance factors, public attitudes, the role of financial markets and imprecision about which debt targets should be...
Persistent link: https://www.econbiz.de/10008587587
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Assessment of the Impact of Fiscal Policy on Economic Growth: An Empirical Analysis
Varadi, Vijay; Vanlalramsanga, C. - Economics and Econometrics Research Institute (EERI) - 2012
The paper attempted to analyzes linkages between fiscal policies (public expenditure and public debt) and economic growth by investigating the impact of public expenditure and public debt on economic growth (GSDP). To find out empirically the relationship between GSDP and Public Debt, the study...
Persistent link: https://www.econbiz.de/10010545148
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Nodokļu ieņēmumu modelēšana, izmantojot sistēmdinamikas metodi
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2009
In the paper the author represents the system dynamic model of taxes income and it action results. The system dynamic is one from systems research methods, which analyses the systems in time depending from structure of system elements and their mutual influence, including reasons connections,...
Persistent link: https://www.econbiz.de/10008742994
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Estimated Impact of Fiscal Consolidation on GDP Growth in the Slovak Republic
Pécsyová, Monika - In: Politická ekonomie 2014 (2014) 2, pp. 174-193
The Slovak economy is experiencing another significant phase of fiscal consolidation in its history. Unlike previous episodes of major consolidation in our history, our economy cannot "rely" on a soft cushion in the form of favourable global economic situation, integration and launch of new...
Persistent link: https://www.econbiz.de/10011228277