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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …
Persistent link: https://www.econbiz.de/10011778844
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The performativity of potential output : pro-cyclicality and path dependency in coordinating European fiscal policies
Heimberger, Philipp; Kapeller, Jakob - 2016
This paper analyzes the performative impact of the European Commission's model for estimating 'potential output', which is used as a yardstick for measuring the 'structural budget balance' of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years,...
Persistent link: https://www.econbiz.de/10011779387
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The performativity of potential output : pro-cyclicality and path dependency in coordinating European fiscal policies
Heimberger, Philipp; Kapeller, Jakob - In: Review of international political economy : RIPE 24 (2017) 5, pp. 904-928
Persistent link: https://www.econbiz.de/10011812069
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Did fiscal consolidation cause the double-dip recession in the euro area?
Heimberger, Philipp - In: Review of Keynesian economics 5 (2017) 3, pp. 439-458
Persistent link: https://www.econbiz.de/10011733545
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Did Fiscal Consolidation Cause the Double-Dip Recession in the Euro Area?
Heimberger, Philipp - 2016
austerity measures during 2011-2013. The main empirical finding is that the depth of the economic crisis in the euro area …'s economies is closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range … multiplier values, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during …
Persistent link: https://www.econbiz.de/10012099959
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The Dynamic Effects of Fiscal Consolidation Episodes on Income Inequality
Heimberger, Philipp - 2018
), and by 0.6 percentage points in the medium run (in year seven). The impact of fiscal austerity measures on the income …
Persistent link: https://www.econbiz.de/10012099976
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Did Fiscal Consolidation Cause the Double Dip Recession in the Euro Area?
Heimberger, Philipp - 2015
the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …
Persistent link: https://www.econbiz.de/10011752616
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The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies
Kapeller, Jakob; Heimberger, Philipp - 2016
This paper analyzes the performative impact of the European Commission's model for estimating 'potential output', which is used as a yardstick for measuring the 'structural budget balance' of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years,...
Persistent link: https://www.econbiz.de/10011752625
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Did fiscal consolidation cause the double-dip recession in the euro area?
Heimberger, Philipp - 2016
Persistent link: https://www.econbiz.de/10011553916
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The dynamic effects of fiscal consolidation episodes on income inequality : evidence for 17 OECD countries over 1978-2013
Heimberger, Philipp - In: Empirica : journal of european economics 47 (2020) 1, pp. 53-81
Persistent link: https://www.econbiz.de/10012224162