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The Impact of COVID-19 Fiscal Stimulus on the U.S. Economic Recovery
Walmsley, Terrie; Machado, Juan; Rose, Adam; Wei, Dan; … - 2022
We estimate the impact of fiscal stimulus measures enacted in response to COVID-19 on U.S. GDP, investment and exports … time-path. Initial stimulus bills, including the CARES Act, reduced the potential decline in GDP resulting from the …
Persistent link: https://www.econbiz.de/10014077357
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Trend growth and the dynamic effects of government spending
Tesfaselassie, Mewael F. - 2011
consumption and the government spending multiplier, given that consumption and labor are somewhat complementary. -- Trend growth … ; price and wage staggering ; government spending multiplier …
Persistent link: https://www.econbiz.de/10008821669
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Macroeconomic stimulus packages and income inequality in developing countries : lessons from the 2007-9 Great Recession for the Covid-19 crisis in South Africa
Habiyaremye, Alexis; Jacobs, Peter; Molewa, Olebogeng; … - 2021
Persistent link: https://www.econbiz.de/10012533154
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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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Long-run effects of austerity
Martins, Guilherme Klein - 2022
This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important assumptions made in the literature regarding...
Persistent link: https://www.econbiz.de/10014229776
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Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment
Gόrnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - 2018
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10011856496
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The output effects of tax changes : narrative evidence from Spain
Gil, Paula; Martí, Francisco; Morris, Richard; Pérez, … - In: SERIEs : Journal of the Spanish Economic Association 10 (2019) 1, pp. 1-23
This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption and wealth inequality, and studies how they have...
Persistent link: https://www.econbiz.de/10012033371
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Did Fiscal Stimulus Lift Developing Asia Out of the Global Crisis? An Empirical Investigation
Hur, Seok-Kyun - 2018
of countercyclical fiscal policy in the region. The global crisis, as well as the fiscal stimulus packages implemented by … experienced a robust V-shaped recovery. According to conventional wisdom, the fiscal stimulus packages put in place by Asian … using cross-country panel data. Our main finding is that the stimulus has had a limited but positive impact on developing …
Persistent link: https://www.econbiz.de/10012923470
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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
the EU15 GDP. The impact of wage policies is positive but small; the overall stimulus becomes much stronger with fiscal …
Persistent link: https://www.econbiz.de/10011924544
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On the Link Between Volatility and Growth
Posch, Olaf; Wälde, Klaus - 2012
A model of growth with endogenous innovation and distortionary taxes is presented. Since innovation is the only source of volatility, any variable that influences innovation directly affects volatility and growth. This joint endogeneity is illustrated by working out the effects through which...
Persistent link: https://www.econbiz.de/10014204793