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Why are fiscal multipliers moderate even under monetary accommodation?
Bredemeier, Christian; Jüßen, Falko; Schabert, Andreas - 2021 - This version: March 23, 2021
The COVID-19 pandemic forced much of the world to adapt suddenly to severe restrictions. In this study, we attempt to quantify the impact of the pandemic on student performance in higher education. To collect data on important covariates, we conducted a survey among first-year students of...
Persistent link: https://www.econbiz.de/10012499494
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Expectations formation, sticky prices, and the ZLB
Bersson, Betsy; Hürtgen, Patrick; Paustian, Matthias - 2019
At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...
Persistent link: https://www.econbiz.de/10012101259
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The effectiveness of fiscal policy within business cycle : Ricardians vs. non-Ricardians approach
Krajewski, Piotr; Szymańska, Agata - In: Baltic journal of economics 19 (2019) 2, pp. 195-215
This study aims to measure the impact of the share of non-Ricardian households on fiscal multipliers. We show that the share of non-Ricardian households in Hungary increased significantly after crisis began and explain why the plausible reason for this increase is the higher level of liquidity...
Persistent link: https://www.econbiz.de/10012123344
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A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers
Fève, Patrick - 2012
This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …
Persistent link: https://www.econbiz.de/10013106526
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The euro area government spending multiplier in demand- and supply-driven recessions
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2022
inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …
Persistent link: https://www.econbiz.de/10013174156
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The euro area government spending multiplier in demand- and supply-driven recessions?
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2023
inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range …
Persistent link: https://www.econbiz.de/10014364021
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Government spending multipliers and the zero lower bound
Ji, Yangyang; Xiao, Wei - In: Journal of macroeconomics 48 (2016), pp. 87-100
Persistent link: https://www.econbiz.de/10011707735
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State-dependent fiscal multipliers with preferences over safe assets
Rannenberg, Ansgar - In: Journal of monetary economics 117 (2021), pp. 1023-1040
Persistent link: https://www.econbiz.de/10012603290
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The euro-area government spending multiplier at the effective lower bound
Amendola, Adalgiso; Di Serio, Mario; Fragetta, Matteo; … - In: European economic review : EER 127 (2020), pp. 1-17
Persistent link: https://www.econbiz.de/10012322695
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The euro-area government spending multiplier at the effective lower bound
Amendola, Adalgiso; Di Serio, Mario; Fragetta, Matteo; … - 2019
economy is at the effective lower bound (ELB) or in normal times does not seem to matter for the size of the multiplier … average multiplier is about 1 in normal times and between 1.6 and 2.8 at the ELB, depending on the specification. The … difference between the two multipliers is distributed largely away from zero. More generally, the multiplier is inversely …
Persistent link: https://www.econbiz.de/10012102056