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Fiscal policies and credit regimes : a TVAR approach
Ferraresi, Tommaso; Roventini, Andrea; Fagiolo, Giorgio - In: Journal of applied econometrics 30 (2015) 7, pp. 1047-1072
Persistent link: https://www.econbiz.de/10011431724
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Estimating the impact of the financial cycle on fiscal policy
Soederhuizen, Beau; Teulings, Rutger; Luginbuhl, Rob - 2019
Persistent link: https://www.econbiz.de/10012019036
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Credit and fiscal multipliers in China
Chen, Sophia; Ratnovski, Lev; Tsai, Pi-Han - 2017
expenditure. We estimate a fiscal multiplier of 0.8 and a credit multiplier of 0.2 in 2001-2015. The multipliers have changed over … time. The fiscal multiplier has increased from 0.75 in 2001-2008 to 1.4 in 2010-2015. The credit multiplier has declined …
Persistent link: https://www.econbiz.de/10011763866
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Financial cycles and fiscal multipliers
Gechert, Sebastian; Mentges, Rafael - In: Applied economics 50 (2018) 24, pp. 2635-2651
Persistent link: https://www.econbiz.de/10011850302
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Financial cycles and fiscal multipliers
Gechert, Sebastian; Mentges, Rafael - 2017
We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …
Persistent link: https://www.econbiz.de/10011919730
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Good and bad investment : an inquiry into the causes of credit cycles
Matsuyama, Kiminori - 2001
Persistent link: https://www.econbiz.de/10001659129
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The good, the bad, and the ugly : an inquiry into the causes and nature of credit cycles
Matsuyama, Kiminori - 2004
Persistent link: https://www.econbiz.de/10002469485
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On the macroeconomic implications of firm dynamics, banking, and reputation
Totzek, Alexander - 2011
Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and solution concepts for macroeconomic problems emerged, disappeared, and were combined in order to appropriately describe macroeconomic phenomena. Nowadays, New Keynesian frameworks are...
Persistent link: https://www.econbiz.de/10008907265
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What drives fiscal multipliers? : the role of private wealth and debt
Gechert, Sebastian; Mentges, Rafael - 2013
We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …
Persistent link: https://www.econbiz.de/10010201633
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Fiscal policies and credit regimes : a TVAR approach
Ferraresi, Tommaso; Roventini, Andrea; Fagiolo, Giorgio - 2013
In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...
Persistent link: https://www.econbiz.de/10009702294