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Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment
Gόrnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - 2018
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10011856496
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Euroland: Erholung gewinnt allmählich an Fahrt : Thesen zum Kieler Konjunkturgespräch ; 67. Kieler Konjunkturgespräch, 17./18. März 2003
Gern, Klaus-Jürgen; Kamps, Christophe; Meier, … - 2003
Persistent link: https://www.econbiz.de/10001736715
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Euroland: recovery will slowly gain momentum : [this report was completed on March 6, 2003, and prepared for the 67th Kieler Konjunkturgespräch (March 17/18, 2003)]
Gern, Klaus-Jürgen; Kamps, Christophe; Meier, … - 2003
Persistent link: https://www.econbiz.de/10001749225
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Counter-Cyclical Fiscal Rules and the Zero Lower Bound
Hauptmeier, Sebastian; Kamps, Christophe; Radke, Lucas - 2022
We analyse the effectiveness of optimal simple and implementable monetary and fiscal policy rules in stabilising economic activity, inflation and government debt in face of an occasionally binding lower bound on the nominal interest rate in a New Keynesian model. We show that, within the...
Persistent link: https://www.econbiz.de/10014078327
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Counter-cyclical fiscal rules and the zero lower bound
Hauptmeier, Sebastian; Kamps, Christophe; Radke, Lucas - 2022
We analyse the effectiveness of optimal simple and implementable monetary and fiscal policy rules in stabilising economic activity, inflation and government debt in face of an occasionally binding lower bound on the nominal interest rate in a New Keynesian model. We show that, within the...
Persistent link: https://www.econbiz.de/10013342236
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The analytics of SVARs : a unified framework to measure fiscal multipliers
Caldara, Dario; Kamps, Christophe - In: The review of economic studies 84 (2017) 3, pp. 1015-1040
Persistent link: https://www.econbiz.de/10011920036
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The analytics of SVARs : a unified framework to measure fiscal multipliers
Caldara, Dario; Kamps, Christophe - 2012
Persistent link: https://www.econbiz.de/10009570177
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Learning About Fiscal Multipliers During the European Sovereign Debt Crisis : Evidence from a Quasi-Natural Experiment
Górnicka, Lucyna - 2018
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10012917733
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Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment
Górnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - In: Economic policy 35 (2020) 101, pp. 5-40
Persistent link: https://www.econbiz.de/10012313285
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The Analytics of SVARs : A Unified Framework to Measure Fiscal Multipliers
Caldara, Dario - 2012
that standard identification schemes imply different priors on elasticities, generating a large dispersion in multiplier … inference on multipliers. Our results for the U.S. for the period 1947-2006 suggest that the probability of the tax multiplier … being larger than the spending multiplier is below 0.5 at all horizons …
Persistent link: https://www.econbiz.de/10013106827