In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies. Our goal is to better understand the reasons for the low fiscal multipliers found in the literature by performing estimations for alternative exchange rate regimes,...

In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies. Our goal is to better understand the reasons for the low fiscal multipliers found in the literature by performing estimations for alternative exchange rate regimes,...

Purpose: This paper tests the impact of the financial structure of banks on the bank lending channel of monetary policy transmission in Colombia. Design/methodology/approach: We use a monthly panel of 51 commercial banks for the period 1996:4–2014:8. Findings: An increase in the monetary...