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Fiscal spending multiplier calculations based on input-output tables – with an application to EU members
Pusch, Toralf; Rannenberg, Ansgar - 2011
Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the … multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many … react in an expansionary manner. -- Fiscal spending multiplier calculation ; Input-Output calculus ; incomeexpenditure model …
Persistent link: https://www.econbiz.de/10009126063
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Comparing Fiscal Multipliers Across Models and Countries in Europe
Kilponen, Juha - 2015
This paper employs fifteen dynamic macroeconomic models maintained within the European System of Central Banks to assess the size of fiscal multipliers in European countries. Using a set of common simulations, we consider transitory and permanent shocks to government expenditures and different...
Persistent link: https://www.econbiz.de/10013026620
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Comparing fiscal multipliers across models and countries in Europe
Kilponen, Juha; Pisani, Massimiliano; Schmidt, Sebastian; … - 2015
This paper employs fifteen dynamic macroeconomic models maintained within the European System of Central Banks to assess the size of fiscal multipliers in European countries. Using a set of common simulations, we consider transitory and permanent shocks to government expenditures and different...
Persistent link: https://www.econbiz.de/10011587761
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Estimating regime dependent fiscal spillover effects in a monetary union
Kunzmann, Vanessa - 2023
I estimate regime-dependent spillover effects from government spending shocks across the members of the European Monetary Union (EMU). I use panel regressions for a total of 14 EMU economies from 1997 to 2022. Government spending shocks are defined by unexpected innovations to forecast...
Persistent link: https://www.econbiz.de/10014335117
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Time-Varying Fiscal Spending Multipliers in the UK
Glocker, Christian - 2018
We study fiscal spending multipliers of the UK economy using a time-varying parameter factor augmented vector autoregressive (TVP-FAVAR) model. We show that government spending multipliers vary over time and that most of the variation is cyclical: multipliers are typically above one in...
Persistent link: https://www.econbiz.de/10012932638
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Production structure, tradability and fiscal spending multipliers
Crespo Cuaresma, Jesús; Glocker, Christian - 2023
between multiplier size and the import share. Employing an interacted panel VAR model for EU countries, we estimate the effect …
Persistent link: https://www.econbiz.de/10014321510
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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …
Persistent link: https://www.econbiz.de/10011778844
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The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe
Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...
Persistent link: https://www.econbiz.de/10011924544
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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/10003909359
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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/10008728755