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Fiscal multipliers in a panel of countries
Contreras, Juan; Battelle, Holly - 2014
. Contrary to previous research, we find no strong evidence of monetary accommodation, a positive and larger fiscal multiplier in …
Persistent link: https://www.econbiz.de/10010402581
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The time for austerity : estimating the average treatment effect of fiscal policy
Jordà, Òscar; Taylor, Alan M. - 2014
After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...
Persistent link: https://www.econbiz.de/10010463587
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The size of fiscal multipliers and the stance of monetary policy in developing economies
Ojeda-Joya, Jair N.; Guzman, Oscar E. - 2017 - This version: February 2017
In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies. Our goal is to better understand the reasons for the low fiscal multipliers found in the literature by performing estimations for alternative exchange rate regimes,...
Persistent link: https://www.econbiz.de/10011620815
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The size of fiscal multipliers and the stance of monetary policy in developing economies
Ojeda-Joya, Jair N.; Guzman, Oscar E. - 2017 - This version: May 2017
In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies. Our goal is to better understand the reasons for the low fiscal multipliers found in the literature by performing estimations for alternative exchange rate regimes,...
Persistent link: https://www.econbiz.de/10011659285
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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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Fiscal Stimulus and Distortionary Taxation
Drautzburg, Thorsten - 2012
modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of transfers given to credit …
Persistent link: https://www.econbiz.de/10013114666
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Fiscal Stimulus and Distortionary Taxation
Drautzburg, Thorsten - 2011
-run multipliers around 0.52 and modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of …
Persistent link: https://www.econbiz.de/10013123780
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Fiscal Stimulus and Distortionary Taxation
Drautzburg, Thorsten - 2014
First Draft: January 2, 2010This Draft: November 13, 2013We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (2007) New Keynesian model, allowing for credit-constrained households, the zero lower...
Persistent link: https://www.econbiz.de/10013062095
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Fiscal stimulus and distortionary taxation
Drautzburg, Thorsten; Uhlig, Harald - 2011 - This revision: May 30, 2011
-run multipliers around 0.52 and modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of …. -- Fiscal Stimulus ; New Keynesian model ; liquidity trap ; zero lower bound ; fiscal multiplier … modestly negative long-run multipliers around -0.42. The multiplier is sensitive to the fraction of transfers given to credit …
Persistent link: https://www.econbiz.de/10009129765
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The impact of constrained monetary policy on the fiscal multipliers on output and inflation
Bletzinger, Tilman; Lalik, Magdalena - 2017
that this over-proportionality is stronger for the fiscal multiplier on inflation than on output. We relate this finding to …
Persistent link: https://www.econbiz.de/10011637428