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The Euro-Area Government Spending Multiplier at the Effective Lower Bound
Amendola, Adalgiso - 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/10012866218
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Estimating fiscal multipliers in the Eurozone : a nonlinear panel data approach
Perdichizzi, Salvatore - 2017
During the sovereign debt crisis, all euro countries have deployed "austerity packages", believing that they could regain the path of growth implementing structural reforms and cutting government spending. Such policies should have led to an initial decline in GDP followed by recovery and a...
Persistent link: https://www.econbiz.de/10011776481
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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/10013292507
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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 effects of government spending in the Eurozone
Duque Gabriel, Ricardo; Klein, Mathias; Pessoa, Ana Sofia - 2020
mechanism in the Eurozone. Our baseline estimates reveal a government spending relative output multiplier of 2.9, an employment … multiplier of 1.9, and a cost per job created of €24,000. Moreover, we find that a regional scal stimulus leads to a signi cant …
Persistent link: https://www.econbiz.de/10012391442
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Public expenditure multipliers in recessions : evidence from the Eurozone
Boitani, Andrea; Perdichizzi, Salvatore - 2018
During the sovereign debt crisis, many Euro countries have deployed "austerity packages" implementing structural reforms and cutting government spending. Such policies should have led to an initial decline in GDP followed by recovery and a reduction of the debt to gdp ratio. Key to this outcome...
Persistent link: https://www.econbiz.de/10011818399
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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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On the Size of the Government Spending Multiplier in the Euro Area
Fève, Patrick - 2015
This article addresses the existence of a wide range of estimated government spending multipliers in a dynamic stochastic general equilibrium model of the euro area. Our estimation results and counterfactual exercises provide evidence that omitting the interactions of key ingredients at the...
Persistent link: https://www.econbiz.de/10013028305
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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