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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
analysis for a set of OECD and non-OECD countries for the period 1981-2007. The fiscal multiplier for the full sample for …
Persistent link: https://www.econbiz.de/10011605263
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The global financial crisis: Lessons for European Integration
Dabrowski, Marek - 2009
The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its content and geographical coverage. It can be...
Persistent link: https://www.econbiz.de/10011430830
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Iceland's financial crisis in an international perspective
Halldorsson, Olafur G. - 2010
Persistent link: https://www.econbiz.de/10014306487
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Where next for monetary policy? Lessons from the financial crisis and the pandemic
Minford, Patrick - 2023
Monetary developments of recent decades began with much promise with inflation targeting by independent central banks; the financial crisis of 2007 ushered in a period of great monetary instability. There are lessons for a return to more stability. Central banks need to stabilize money supply...
Persistent link: https://www.econbiz.de/10014480560
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Fiscal policy, banks and the financial crisis
Kollmann, Robert; Ratto, Marco; Roeger, Werner; in't … - 2012
This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks—that dimension has so far received little attention in...
Persistent link: https://www.econbiz.de/10011506754
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Keynesian government spending multipliers and spillovers in the Euro area
Cwik, Tobias J.; Wieland, Volker - 2009
measures emphasize that government spending can stimulate additional private spending the so-called Keynesian multiplier effect …, when stimulus is most needed, may even be negative. Traditional Keynesian multiplier effects only arise in a model that …
Persistent link: https://www.econbiz.de/10010303706
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Keynesian government spending multipliers and spillovers in the euro area
Cwik, Tobias; Wieland, Volker - 2010
measures emphasize that government spending can stimulate additional private spending — the Keynesian multiplier effect. Thus …
Persistent link: https://www.econbiz.de/10011605313
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Can we rely upon fiscal policy estimates in countries with unreported production of 15 per Cent (or more) of GDP?
Basile, Raffaella; Chiarini, Bruno; Marzano, Elisabetta - 2011
effect on total GDP. In this setup the spending multiplier shows large long-run effects, considerably stronger than those …
Persistent link: https://www.econbiz.de/10010277384
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Fiscal Multipliers: A Meta Regression Analysis
Gechert, Sebastian; Will, Henner - 2012
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 … type of fiscal impulse, model class, multiplier calculation method and further control variables. Moreover, we analyse …
Persistent link: https://www.econbiz.de/10010460523
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Temporary and persistent fiscal policy shocks
Sola, Sergio - 2012
Abstract This paper conducts an empirical investigation of the effects of temporary versus persistent fiscal policy shocks. Using data from the US I show that short lived fiscal expansions have a positive effect on output and consumption; while persistent fiscal shocks generate negative effects...
Persistent link: https://www.econbiz.de/10010316756