transfers to the Visegrád countries is estimated at least at 0.12%, thus partly offsetting the net contributions paid by Austria … to the EU budget (which stood at 0.31% of Austria's GNI in 2019). Given strong cross-border spillovers of fiscal policy … measures and historically low interest rates, the governments of the Visegrád countries and Austria (and Germany) should be …

policy on the aggregate action, and it would like to know the corresponding economic multiplier, that is, the change in the … positive shock, the change in the aggregate action and the corresponding economic multiplier can both widely differ. In this …

We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government … is reflected in the value taken by the fiscal multiplier. This result is obtained when we identify fiscal shocks by the …

the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and … spending on economic recovery. -- deficit spending ; government spending multiplier ; economic recovery ; economic ; growth. …

Most of the discussion about fiscal stimulus focuses on the multiplier of government spending on impact. In this paper … we shift the focus to the multiplier at the end, i.e. to the period in which a deficit spending program terminates. We … multiplier turns negative before spending expires. This means that aggregate output at the time of expiry of fiscal stimulus is …

The output multiplier turns negative before a deficit spending program expires. We show the generality of this … impact multiplier, and the scale and duration of the stimulus program. We also show that results are quantitatively very … stimulus expires. -- Fiscal stimulus ; government spending ; output multiplier ; economic recovery …

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build …

The output multiplier turns negative before a deficit spending program expires. We show the generality of this … impact multiplier, and the scale and duration of the stimulus program. We also show that results are quantitatively very …

, the expenditure associated with military build-ups affects primarily the defense sector so that the resulting multiplier … powerful instrument for identifying government spending shocks. Furthermore, we show that the multiplier pertaining to non …-defense government spending is higher than the defense-spending multiplier estimated in the literature using military build-ups …

Most of the discussion about fiscal stimulus focuses on the multiplier of government spending on impact. In this paper … we shift the focus to the multiplier at the end, i.e. to the period in which a deficit spending program terminates. We … show that recent time series analyses as well as models of different schools of thought predict that the multiplier turns …