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by 5%, and even by 20% for liquidity-constrained households. The long-run present value multiplier of the package amounts …
Persistent link: https://www.econbiz.de/10013310308
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012705410
Persistent link: https://www.econbiz.de/10012820991
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012794559
Persistent link: https://www.econbiz.de/10012533154
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10013311891
Persistent link: https://www.econbiz.de/10013435476
Persistent link: https://www.econbiz.de/10013270599
find sizeable effects of VAT measures on consumption (esp. durables) with a multiplier larger than one on GDP and can match …
Persistent link: https://www.econbiz.de/10013341661
Persistent link: https://www.econbiz.de/10012590563