The impact of fiscal policy on economic activity is still a matter of great debate. And, ever since Keynes first commented on it, interwar Britain, 1918- 1939, has remained a particularly contentious case | not least because of its high debt environment and turbulent business cycle. This debate...

The impact of fiscal policy on economic activity is still a matter of great debate. And, ever since Keynes first commented on it, interwar Britain, 1918- 1939, has remained a particularly contentious case | not least because of its high debt environment and turbulent business cycle. This debate...

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeev's (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then...

Die Neugründung und der Ausbau von Hochschulen gehören zu dem gängigen Instrumenten der regionalen Strukturpolitik. Welche Auswirkungen aber hat die Existenz einer Hochschule in ökonomischer Hinsicht tatsächlich für eine Region? Das vorliegende Paper analysiert und vergleicht die...