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The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The BoC-GEM is a microfounded dynamic stochastic general-equilibrium global model with six regions, multiple sectors, and...
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This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) cyclical fiscal...
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längerfristigen Cha- rakter und damit stärkere Auswirkungen auf das langfristige Wirtschaftswachstum. Der quantita- tive Effekt … Multiplikator- wirkung, sondern beinhaltet vor allem die Frage wie das langfristige Wirtschaftswachstum beein- flusst wird. Ein …- fristige Nachfrageimpulse zu setzen, ohne dabei das langfristige Wirtschaftswachstum zu gefähr- den. Diskretionäre …
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